Hyundai and Kia partner with Exide Energy for local EV battery production in India, using LFP cells.

Hyundai Motor and Kia have partnered with Indian battery company Exide Energy for local EV battery production in India, focusing on lithium-iron-phosphate (LFP) cells. The automakers aim to localise their EV battery production as part of their electric vehicle expansion plans in India. The strategic move positions them as pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market.