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Hyundai Motor With Kia: With the expansion of their EV plans for the Indian market, Hyundai Motor and Kia aim to localize their EV battery production, specifically focusing on lithium-iron-phosphate (LFP) cells. This strategic move will position them as the pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market, the companies said.

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With this announcement, the Hyundai Group has effectively confirmed it intends to use LFP chemistry for its future electric vehicles for the Indian market.

Hyundai and Kia signed a Memorandum of Understanding (MOU) for strategic cooperation with Exide Energy, a leading Indian battery company, as part of their e

Hyundai, Kia and Exide form partnership for EV batteries in India.