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Indian state enters $2.5bn partnership for EV battery-swapping stations

Deployment of smart energy infrastructure in Maharashtra to begin this year

A battery-swapping station of Taiwanese electric-scooter maker Gogoro in Taipei.   © Reuters

(Reuters) -- India's Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro and a local automotive systems supplier to build electric-vehicle battery-swapping and charging stations in the state, the parties said on Tuesday.

The Indian company, Belrise Industries, and Gogoro will form an equal-stakes joint venture and invest the amount over eight years with the Maharashtra government.

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