Hyderabad, April 8 -- Hyundai Motor company and Kia Corporation (Kia) signed a Memorandum
of Understanding (MOU) for strategic cooperation with Exide Energy Solutions, a leading Indian battery company, as part of their electric vehicle (EV) expansion plans in India.
The signing ceremony took place at Hyundai Motor Group's Namyang Research and Development Center in South Korea, attended by Heui Won Yang, President and Head of Hyundai Motor and Kia's R&D Division, Chang Hwan Kim, Head of Electrification Energy Solutions Tech Unit, Duk Gyo Jeong, Head of Electric Vehicle Parts Purchasing Sub-Division and Dr. Mandar V Deo, Managing Director, and CEO of Exide Energy, a release said in Monday.
With the expansion of their EV plans for the Indi...