Apart from offering advanced technology, the Ahamani-Renon joint-venture will also try to solve battery-related challenges of cost, charging time and safety.
Taiwanese EV maker Ahamani signs joint venture with Renon India.
(Image: Ahamani/ rRenon India)
Ahamani EV Tech, a Taiwanese EV maker and Gujarat based battery maker Renon India announced that the two companies have established a joint venture to produce Battery packs for the Indian automobile market. The new joint venture aims to provide reliable and cutting-edge technology battery packs with higher lifecycle to automakers domestically as the EV market expands to meet evolving consumer needs and to address issues related to energy and climate change. There has been a joint investment of $3.7 Million in the JV company to build customized battery packs. The JVC is developing a battery factory in Surat, Gujarat with an initial capacity of 200 MWh per annum which will further be expandable to 1GWh over the next few years.
On this development, TC Kung, CEO, Ahamani said “We have been developing battery packs since last 20 years for various EV applications and we see this as a right time to position our reliable and heavy-duty battery packs for the Indian market. Indian Automobile Market is evolving very fast and opening up doors for more innovation and reliable products. We are highly committed to PM Modi’s Make in India program.”