Hyundai Group Partners Three IITs for Battery-Tech, Electrification Research, Investing $7 Mn

• Hyundai Motor Group partners with the Indian Institutes of Technology (IITs) to establish a collaborative research system in batteries and electrification
• Group plans to invest around USD 7 million over five years, starting in 2025, to jointly conduct battery and electrification-related research with the IIT universities
• The Hyundai CoE to facilitate technical and human exchanges between battery and electrification experts from Korea and India, fostering talent and promoting long-term employment

Hyundai Motor Group, on Tuesday, announced partnerships with the Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes include IIT Delhi, IIT Bombay and IIT Madras.

Hyundai Motor Group Partners with Indian Institutes of Technology to Advance Battery and Electrification Research

Investment:

USD 7 million over five years (2025-2029) to support various research activities.

Hyundai Center of Excellence (COE):

• Location: IIT Delhi
• Objective: To drive advancements in batteries and electrification, specifically tailored to meet the unique requirements of the Indian market.
• Activities: Conducting joint research, facilitating technical and human exchanges between Korean and Indian experts, and fostering talent development.

Collaboration Areas:

• Battery Technology: Researching and developing advanced battery solutions.
• Electrification: Innovating in electrification technologies.
• Software Development: Enhancing software for electric vehicles (EVs)
• Hydrogen Fuel Cells: Exploring hydrogen fuel cell technologies.

Impact:

• EV Ecosystem: Contributing to the establishment of an EV ecosystem in India, in line with government policies for expanding EV distribution.
• Academic-Industrial Cooperation: Promoting collaboration between academia and industry to drive innovation and growth.

Hyundai Motor Group plans to contribute to the establishment of an electric vehicle (EV) ecosystem in India. This will be done in conjunction with various policies for expanding EV distribution, implemented by the Indian government. The collaboration will involve the Centre for Automotive Research and Tribology (CART), the only EV-related research institute in India, located within IIT Delhi.

The Hyundai CoE will not only conduct joint research on academic-industrial cooperation tasks but also facilitate technical and human exchanges between battery and electrification experts from Korea and India. This will involve technical exchange meetings, special IIT lectures by Group battery and electrification experts, and operation of Korean visit training programs. The Group plans to continue efforts for, fostering talent and mid- to long-term employment.

This partnership aligns with Hyundai Motor Group's efforts to expand its presence in India and support the country's transition to sustainable mobility solutions.

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