Hyundai, Kia ink MoU with Exide Energy to source LFP batteries for EVs in India financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hyundai Motor Co
and Kia Corp on Monday signed a memorandum of
understanding with India s Exide Energy Solutions Ltd on battery
production for their electric vehicles in India. The.
Hyundai Motor Company and Kia Corporation have teamed up with Exide Energy Solutions Ltd, an Indian battery manufacturer, to localize electric vehicle (EV) battery production in India. They aim to focus on lithium-iron-phosphate (LFP) cells, aligning with their EV expansion plans for the Indian market.
Hyundai Motor and Kia aim to localise their EV battery production, specifically focusing on lithium-iron-phosphate (LFP) cells in line with the expansion of their EV plans for the Indian market.