Tata AutoComp Systems has formed a joint venture with China’s Guoxuan Hi-Tech to design, engineer, manufacture and supply battery packs for the Indian 4-wheeler electric vehicle (EV) market. The joint venture company has started a prototype manufacturing operation in Pune, India.
Speaking at the inauguration of lithium battery facility in Pune, Arvind Goel, MD and CEO of Tata AutoComp Systems, said: “With the augment of electric vehicles, the need for battery packs would be significant and we see a huge opportunity in this market.”
Zhen Li, chairman of Guoxuan High-Tech, said, “India and China face similar problems of growing aspirational population and increasing pollution. We believe that we must work towards sustaining the planet and are developing solutions for future energy needs such as EVs.”
Notably, Tata AutoComp Systems is promoted by Tata Group, which, through Tata Motors, manufactures Tigor electric cars in India and plans to launch more EV models in coming months. The EV battery JV, along with other group entities such as Tata Capital and Tata Power, will complete EV ecosystem in the country.
Earlier this month, Tata Power teamed up with CNG provider Indraprastha Gas Limited (IGL) to set up commercial-scale EV charging and/or battery swapping stations for electric vehicles with the allied power management solutions.
Tata AutoComp Systems, promoted by the Tata Group, provides products and services to the Indian and global automotive original equipment manufacturers as well as Tier 1 suppliers. It has 36 manufacturing facilities spread across India and 9 facilities spread across North America, Latin America, Europe and China.
Guoxuan High-Tech works across the full industrial chain of Lithium-iron phosphate (LFP) and nickel-cobalt-manganese oxide (NCM) lithium-ion battery technical research, engineering development, manufacturing and marketing to overall administration system. It claims to provide comprehensive solutions for electric vehicles and energy storage applications all over the world.