Hyundai, Kia To Source Made-In-India Exide LFP Batteries For Upcoming EVs

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

By car&bike Team


1 mins read


Published on April 8, 2024

Follow us on



  • Hyundai and Kia have signed an MOU with Exide.
  • The agreement was formalised at Hyundai’s Namyang Research and Development Centre in South Korea.
  • The car manufacturers will source made-in-India LFP batteries.

Taking an important step towards building electric vehicles (EV) in India, Hyundai Motor Company and Kia Corporation have partnered with Exide Energy Solutions to source locally-produced EV batteries. The Memorandum of Understanding (MOU) signed between the companies is centred around the sourcing of made-in-India lithium-ferro-phosphate (LFP) batteries, which will be at the heart of future Hyundai and Kia EVs, in the coming years.


With this announcement, the Hyundai Group has effectively confirmed that LFP chemistry will be central to its future electric vehicle strategy for the Indian market. So far, the two battery electric vehicles Hyundai has launched so far, the Kona Electric as well as the Ioniq 5, both use nickel-manganese-cobalt (NMC) batteries, as does the Kia EV6.


Also Read: Hyundai Creta EV Spotted Charging In South Korea


Hyundai Kia Exide 1


The agreement was formalised at Hyundai Motor Group’s Namyang Research and Development Centre in South Korea, with key figures from both parties in attendance. Heui Won Yang, President of Hyundai Motor and Kia’s R&D Division, along with other senior executives, joined Mandar V. Deo, the Managing Director and CEO of Exide Energy, in closing the partnership.


Exide Industries Ltd. subsidiary Exide Energy Solutions Ltd., established in 2022, is spearheading the company's foray into manufacturing of lithium-ion cells, modules, and packs. 


Also Read: Kia EV9 Adjudged 2024 World Car Of The Year; EVs Dominate Annual Awards


LFP batteries have grown in prominence in the last few years, with enhanced thermal stability, safety, a longer life [than comparable chemistries], and high charging tolerance making them a preferred choice for EV manufacturers worldwide, including Chinese electric vehicle giant BYD.

Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

Related Articles

Latest News