Announced Thu, 9 Jul · 08:48 IST
Associate EIM inks 500 MWh battery pack deal with CATL
Business Updates View source PDF
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹179.20
prior close
₹181.20
base price
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AI summary
Associate company EIM signed a Letter of Agreement with CATL, the world's largest battery maker, for 0.5 GWh of LFP cells and battery pack kits. EIM will be CATL's launch customer in India for the new generation CB7T0 cells and L324D06 packs, configured into 400.6 kWh systems for EIM's Ashwa e-tractor. EIM currently runs 6 swap stations and targets 40 by March 2027.
Likely market impact
Positive for Ravindra Energy as associate secures partnership with global battery leader CATL, boosting growth prospects in EV heavy commercial segment.