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08-04-2024 10:56 AM | Source: Reuters
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries
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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 (EVs) in India.
The South Korean auto duo said in a statement that their partnership with Exide Energy aims to localise their EV battery production in India, specifically focusing on lithium-iron-phosphate (LFP) cells.
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