Chinese-owned firm invests in Tata EV battery arm, appoints top lawyer to board
Japan -based AESC Group Ltd Yokohama, Agratas Energy Storage Solutions Pvt. For LTD La66 Crore in March 2025. TATA SONS has invested LaAccording to AGRATRAS’s applications with the Ministry of Corporate Affairs, 484 Crore for 88% sharesMintHe saw it.
Besides, Gordon Louis Chin, General Advisor to the AESC Group, which belongs to the Chinese energy technology company Envision, became director on the Board of Directors of Agratas. TATA Group President N. Chandrasekaran and PB BALAJİ-TATA Motors Finance Director and the General Manager of Jaguar Land Rover soon.
This first accepted the role of a Chinese company in battery business for the first time. In addition, a new business of Tata Group has attracted foreign investments and appointed a member to the board of directors. AGRATAAT provided more LaSince its establishment in 2023, 1,200 Crore in Tata Sons’ investments.
The deepening of the bonds between the AGRAS and the AESC group comes at a time when Indian automobile manufacturers opposes the burden of export restrictions given to the rare soil magnets that began in April.
E -mail queries sent to both companies remained unanswered until the press time.
While AESC’s AESC is on the board of directors,MintHe could not independently determine whether the two companies could cooperate on technology.
If it would happen, it would benefit Agratas, Harshvardhan Sharma, the President of Automobile Technology and Innovative Group at Nomura Research Institute Consulting & Solutions India.
“For Indian companies like Agtas, this means that instant access to proven cell chemistry, the production process of IP and usually for 5-7 years of efficiency optimization applications to be built within the company,” he said.
Japanese battery producers such as AESC, cathode class lithium carbonate prices in the last three years in a market that has released more than 200% global OEMs and raw material miners with long -term supply agreements, he added.
What is AESC?
Founded in Japan in 2007, AESC, which is still there, now belongs to Envision, led by Zhang Lei. In 2018, AESC was founded as a joint venture between Nissan Motor Company and Nec Corporation, which sold a control share to the China company.
Currently, Lei Chairman of the Board of Directors as the Chairman of the Board of Directors, Nissan and other members of the AESC are also on the nine -member committee.
AESC, four in China, four in the United States and each in the United Kingdom, France, Japan and Spain in Lithium ion battery producing 10 Gigafactories.
“AESC has an aggressive expansion plan targeting 80+ GWh by 2030,” AESC is the top 10 global battery manufacturers with a capacity of 12GWh today. ” He said.
Bloomberg In 2023, the company reportedly wanted to collect $ 1 billion from investors who have taken care of the public list in American public markets. Although his income is not open to everyone, Bloomberg’s The estimation accumulated over a billion dollars.
According to AESC’s website, BMW, Mercedes-Benz, Renault, Nissan, Honda, Mazda and Mitsubishi Motors count as some of the best customers.
AGRATAT’S PLANS
Meanwhile, AGRATA, in England and India, with 60GWh and two Gigafactories, and this will first meet the captive demand of Tata Group’s car Jaguar Land Rover and Tata Motors.
In 2024, Agratas announced that it will build a 40GWH home battery production facility in Somperset, England. The company is also expected to start production until December 2026, Gujarat is building a 20GWh facility in Sanand.
“The project of establishing Giga factories in India and the UK will begin operational operations from FY27 in a gradual way,” a Tata Motors spokesman. Mint before.
Chandrasekaran wrote a 60GWh battery capacity supported by Bengadas in India and England in India and England and World Centers in Oxford, and wrote to shareholders within the scope of TATA SONS annual report. “Through context, the global electric vehicle fleet added in 2024 constitutes a battery capacity of approximately 864GWh. Our first step in this direction should bring India to a meaningful scale.”
NEW BUSINESS UNDER CHANDRASEKARAN
In February 2017, Tata Sons established four businesses under the direction of Chandrasekaran, who served as the president of Tata Sons.
These include Air India, assembly of iPhones for apples and semiconductors (TATA electronics) building, fast trade and online sales (TATA Digital) and mobility and energy sectors (agrarat) high quality batteries.
Tata Sons, dividends, share reproach and the group’s most profitable company TATA Consulting Services (TCS) LTD’nin to sell these new businesses to the sale of shares.
Tata Sons’ efforts to get an external investor in Tata Digital remained a pipe dream when the company is still in the first stage of building its semiconductor business. Singapore Airlines had a 49% shares in Vistara, which had a 25.1% ownership of Singapore Airlines after merging with Air India.
Tata Electronics, Tata Digital and Air India, Agratas, which ends together, has no income. LaIn the last financial year, 1,77,425 CRORE or $ 20 billion or income. However, three businesses together La15,539 Crore ($ 1.8 billion).
