Tata’s Agratas shells out £40 m to Chinese‑owned AESC, deepening EV battery tie‑up
Agratas, Tata’s UK battery unit, has paid over £40 million to Chinese‑owned AESC Apollo Holding in milestone‑linked instalments, securing technical know‑how and a 12% equity stake in its parent. The deal shows Tata’s growing dependence on Chinese EV battery expertise as it scales its Indian EV ambitions.