Amara Raja shares surge 18% on battery tech deal with Gotion High-Tech

Amara Raja Energy and Mobility’s stock price soared by 18 percent in early trading on Tuesday, June 25, reaching Rs 1,625 on the NSE. This spike followed the announcement of a technical licensing agreement with China’s Gotion High-Tech.

The deal allows Amara Raja Advanced Cell Technologies Pvt Ltd (ARACT) to license Gotion High-Tech’s LFP technology for lithium-ion cells through Gotion’s unit, GIB EnergyX.

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By 10:02 AM, the shares were trading 15.58% higher at ₹1,595.00 on the NSE.