According to foreign media reports, India's Tata Group is considering spinning off its battery business, and the spin-off of Agratas may be independently listed on the Mumbai ** Exchange at a later dateAgratas is expected to be valued at US$5 billion to US$10 billion (about 36 billion yuan to 72 billion yuan) at the time of listing, depending on the company's growth rate and market expectations.
However, the person also said that the plans were in the early stages of consideration, and Tata Group declined to comment.
The Tata Group is India's largest group of companies, India's "first consortium", founded in 1868 by Jamsetji Tata, with business covering ten fields such as steel, automobiles, and finance, with 29 publicly listed companies under the group, operating in more than 100 countries, and employing more than 1 million people in total.
Agratas, which designs and manufactures batteries for the electric vehicle and energy industries, has announced the deployment of factories in India and the United Kingdom. In June last year, the Tata Group signed a preliminary agreement to build a lithium-ion battery plant, with a proposed investment of about 15US$800 million (about 11.3 billion yuan) to build the country's first lithium battery gigafactory in Gujarat, India, with an initial production capacity of 20 GWh.
In July last year, Agratas announced an investment of 4 billion pounds (about 36.3 billion yuan) in the United Kingdom to build the company's first lithium battery gigafactory outside India. It has an annual production capacity of 40 GWh and is scheduled to start production in 2026.
It is worth mentioning that at a time when the involution of the new energy industry is becoming more and more serious, many companies have put the spin-off of the battery business on the agenda, in order to gain a glimmer of life in the highly competitive market.
Just in July 2023,Sunwoda announced that the company intends to spin off its Sunwoda Power Technology to be listed on the GEM.
Sunwoda's intention is very clear, after the independent listing, it not only raises the valuation of the power battery business, but also provides more chips for listing and financing, and enhances its profitability and comprehensive competitiveness.
According to incomplete statistics,More than 10 listed companies are planning to spin off lithium battery-related businesses and go public. Among them, Xiamen Tungsten New Energy, Ruitai New Materials, Tongguan Copper Foil, etc. have completed the spin-off and listing, and BYD's Fodi Battery, Ganfeng Lithium's Ganfeng Lithium Battery, Lishen Battery Plate, and Polyfluorine Multi-battery Plate have also expressed their intention to spin off, and are in preparation or in the process of listing.
It is expected that with the continuous development of the new energy industry, spin-off and listing may become a new driving force for the expansion of the company's industry.
*: New materials for lithium batteries.
Disclaimer:All works marked with "**or"** in this number are**network**, and the copyright belongs to the original author and the original source. The content shared is the author's personal opinion, which is only for readers' learning and reference, and does not represent the views of this number.