New Delhi, Sept. 8 -- EV stock Servotech Renewable Power System rose almost 8 percent in intra-day deals on Monday, September 8 after the company announced that it has signed an exclusive strategic partnership with Zhuhai Piwin New Energy.

"Servotech Renewable Power System Limited has entered into an exclusive strategic partnership with Zhuhai Piwin New Energy Co., Ltd. (Pilot Group), China. The collaboration will focus on technology support and local manufacturing of advanced Battery Energy Storage Systems (BESS) in India, fully aligned with the Government's 'Make in India' mission," it said in a press release.

This partnership marks a major milestone in India's clean energy transition. The collaboration combines Piwin's global experti...