On April 8, Hyundai and Kia signed an MOU with Exide Energy Solutions, the EV (electric vehicle) subsidiary of Exide industries, which will enable the OEMs to equip their EVs in the Indian market with locally produced Lithium Iron Phosphate (LFP) batteries. Consequently, the Exide Industries stock has rallied nearly 45 per cent since the announcement.As per the company, Lithium-ion demand in India is expected to grow by nearly 3x-4x during 2025-30 (from 40-50 GWh in 2025 to 150-160 GWh by…
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Reality Check: EV Supply Prospects Energise Exide Industries
