Hyundai Motor, Kia sign pact with India's Exide Energy on EV batteries

Hyundai Motor, Kia sign pact with India's Exide Energy on EV batteries

A Hyundai logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo

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.