Hyundai to Source Locally Manufactured EV Battery Cells through Exide Partnership
Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure locally manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles. This marks a significant shift towards domestic sourcing of critical…
Auto Battery Makers Shine on EV Prospects
Shares of automobile battery makers such as Exide Industries and Amara Raja Energy and Mobility surged to their one-year highs on Tuesday, sparked by hopes that the push for localised electric vehicle (EV) manufacturing could drive demand for their products….
Hyundai Motor, Kia to Partner with India’s Exide Energy on EV Batteries
HYUNDAI Motor and Kia on Monday (Apr 8) signed a memorandum of understanding with India’s Exide Energy Solutions to supply batteries for their electric vehicles in a bid to boost competitiveness in the world’s No 3 auto market. The South…
