NEW DELHI: Hyundai Motor and group agency Kia Company on Monday introduced a partnership with Exide Vitality for electrical automobile battery localisation in India.
Hyundai Motor and Kia Company have signed a Memorandum of Understanding with Exide Vitality Options as a part of their electrical automobile enlargement plans, Hyundai Motor stated in a press release. Hyundai Motor and Kia purpose to localise their EV battery manufacturing, particularly specializing in lithium-iron-phosphate cells according to enlargement of EV plans for Indian market, it added.
“This strategic transfer will place them as pioneers in making use of domestically produced batteries of their upcoming EV fashions in Indian market,” it stated.
Hyundai Motor and Kia Company have signed a Memorandum of Understanding with Exide Vitality Options as a part of their electrical automobile enlargement plans, Hyundai Motor stated in a press release. Hyundai Motor and Kia purpose to localise their EV battery manufacturing, particularly specializing in lithium-iron-phosphate cells according to enlargement of EV plans for Indian market, it added.
“This strategic transfer will place them as pioneers in making use of domestically produced batteries of their upcoming EV fashions in Indian market,” it stated.
