Hyundai-Kia’s Strategic Move: Localizing EV Battery Production in India

Hyundai Motor Company and Kia Corporation on Monday decided to partner with the inland manufacturer Exide Energy Solutions Ltd to localize electric vehicle (EV) battery production in India. Hyundai and Kia are set to concentrate on the production of lithium iron phosphate cells (LFP) as part of their electric vehicle (EV) strategies for the Indian market.
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