Lithium-ion Battery Maker Amperex Technology Limited Acquires 180-Acre Of Land At Rs 550 Crore in Haryana

Published On 2020-08-14 12:32:43By BatteryDekho Team 188 views

ATL is planning to invest Rs 7,000 crore in India over the next few years to supply batteries for smartphones, two and three-wheeler electric vehicles.

Lithium-ion Battery Maker Amperex Technology Limited Acquires 180-Acre Of Land At Rs 550 Crore in Haryana

Amperex Technology Limited (ATL), a manufacturer of rechargeable lithium ion polymer (LIP) batteries, has acquired a 180 acre land at Rs 550 crore near Gurugram, Haryana.

Owned by TDK Corporation, a Japanese multinational technology company, ATL has acquired the land from Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) through a bidding process.

“We had invited online applications for allotment of a plot of about 180 acres of industrial land in IMT Sohna. ATL was the only company, which participated in the auction. The land has been allotted to them last week and they have 90 days to make the full payment,” said a HSIIDC official.

A global leader in supplying LIP batteries across the world, ATL operates factories in Dongguan and Ningde, in China. The company is headquartered in Hong Kong.

ATL is planning to invest Rs 7,000 crore in India over the next few years to supply batteries for smartphones, two and three-wheeler electric vehicles.

Source: Economic Times

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