Hyundai Motor Group's Innovation Partnership with IITs: Advancing Battery & Electrification Research in India
Key Ideas
- Hyundai Motor Group collaborates with Indian Institutes of Technology (IITs) to invest USD 7 million over five years for battery and electrification research.
- The partnership aims to establish the Hyundai Center of Excellence within IIT Delhi to drive advancements tailored for the Indian market.
- The collaboration includes focus areas beyond batteries and electrification, such as software and hydrogen fuel cells, to contribute to India's electric vehicle ecosystem.
- Efforts will also be made to foster talent and enable technical exchanges between experts from Korea and India, enhancing innovation and long-term employment prospects.
Hyundai Motor Group has announced a strategic partnership with the Indian Institutes of Technology (IITs) to advance research in batteries and electrification. The Group plans to invest USD 7 million over five years, starting in 2025, for joint research activities with IIT Delhi, IIT Bombay, and IIT Madras. The establishment of the Hyundai Center of Excellence (CoE) within IIT Delhi aims to drive innovations tailored for the Indian market. This collaboration extends beyond batteries and electrification to areas like software and hydrogen fuel cells, aligning with India's electric vehicle (EV) ecosystem development. Additionally, efforts will focus on facilitating talent exchanges and technical collaborations between experts from Korea and India to promote innovation and long-term employment. The initiative reflects Hyundai Motor Group's commitment to expanding its presence in India and strengthening research capabilities for developing India-specific products.
Topics
Fuel Cells
Talent Development
Investment
Electric Vehicles
Research Collaboration
Technology Exchange
Academic-industry Partnership
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