The collaboration focuses on the production and supply of lithium-iron-phosphate (LFP) battery cells specifically designed for Hyundai’s EVs in the Indian market. Hyundai Motor India Limited (HMIL) has signed a binding term sheet with Exide Industries' subsidiary Exide Energy Solutions for the pr...
While most of the components, apart from battery are sourced from China, plans are afoot to increase indigenisation. The company is targeting 10,000 unit sales in the first year of operations. The company will also explore the possibility of having e-rickshaws with lithium-ion batteries. The c...
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 ap...
Oct. 2021Completed acquisition of ATEPS Nederland BV, a company that develops and manufactures energy storage systems, focusing on lithium-ion based energy storage systems. >>>Business report FY ended Mar. 31, 2008 >>>Business report FY ended Mar. 31, 2009 ...
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