BUZZ-India's Amara Raja soars to record high on EV battery deal with China's Gotion

Reuters06-25

** Shares of Amara Raja Energy & Mobility Ltd rise as much as 19.5% to record 1,648.70 rupees

** Battery maker signs licensing agreement with China's Gotion for Li-ion batteries used in EVs

** AMAR to get access to cell technology IP, support for establishing gigafactory; be integrated into Gotion's global supply chain network

** Stock set for best day since Jan 2008, if gains hold

** Around 4 mln shares traded, 1.3x the 30-day avg volume

** Analysts on avg rate both AMAR and rival Exide Energy Solutions as "hold" - LSEG data

** AMAR has risen two-fold this year vs EXID's ~89% YTD rise

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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