Hyundai and Kia to Produce EV Batteries in India

Hyundai and Kia have partnered with Exide Energy Solutions to produce lithium-iron-phosphate (LFP) batteries for electric vehicles (EVs) in India. This move is part of their efforts to expand in the Indian EV market. India has protectionist policies that have hindered Tesla's entry into the country. Despite its goal of becoming a 100% electric vehicle nation, India's EV adoption is still relatively low.

However, Hyundai and Kia are preparing for the future electrification of the Indian automotive market

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