Napino Partners With US Firm Farasis Energy To Make EV Battery Packs In India
Published On 2019-09-04 10:59:050
Gurgaon based Napino Auto & Electronics has signed a Memorandum of Understanding (MoU) with the US-based Farasis Energy Inc. to provide lithium-ion battery pack for 2W and 3W for the Indian market. Farasis is a market leader when it comes to offering high energy density lithium-ion battery cells and pack to automotive OEMs globally with end to end capability and expertise from cell to application.
As per the MoU, Napino and Farasis will jointly develop the business in India. Napino with its established rich automotive experience in mass production and strong supply chain with provide an optimal solution for the Indian market.
Commenting on the alliance, Naveen Kumar, CEO, Napino Auto & Electronics Ltd. Said, “our partnership with Farasis Energy comes in at the right time with the government push to promote faster adoption of EVs. The manufacturing of battery pack is an integral part of our e-mobility strategy. It is our aim to be a leading provider of safe, reliable and high energy battery pack for the India market and we are very optimistic about the success of our collaboration with Farasis Energy which will support us to localize cutting edge Lithium-ion battery pack technology for our customers.”
Thanh Nguyen, Farasis Energy Vice President sales and Marketing said, “We are excited about the partnership with Napino for providing battery pack for electric vehicles. Given the huge potential offered by the Indian market, we foresee that India will become one of the largest e-mobility markets in the world. This strategic collaboration will enable us to access this fast-growing market.”
Farasis Energy is determined to provide its customers optimal energy density and performance with the lithium-ion battery, followed by maximum safety. Napino, being an early mover in the electric mobility segment is already a established name and is supplying various electronic products to EV manufacturer in India.