Amperex Technology Limited (ATL), Hong Kong, a manufacturer of rechargeable lithium ion polymer (LIP) batteries, has acquired a 180 acre land at Rs 550 crore near Gurugram, Haryana in one of the largest land deals of the year.
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 has two cell manufacturing facilities in China but because of India-China border tension, it has decided to invest in an Indian manufacturing unit by the name of ATL India technology private ltd.
The reserve price of Rs 3.05 crore per acre was fixed for allotment of the site lies about 46.6 km away from International Airport, New Delhi.
The company plans to invest Rs 7000 crore in next few years to supply batteries to industries including smart phones, two and three wheeler e-vehicles.
Headquartered in Hong Kong, ATL operates factories in Dongguan and Ningde, in the People’s Republic of China.
