Hyundai Partners With IITs for Advancements in Batteries and Electrification
Key Ideas
- Hyundai Motor Group forms key partnerships with IITs to establish a collaborative research system focusing on batteries and electrification in India.
- The Hyundai Center of Excellence will be set up within IIT Delhi, aiming to drive advancements specific to the Indian market with an investment of USD 7 million over five years.
- The collaboration will extend to software and hydrogen fuel cells, facilitating exchanges between experts from Korea and India to enhance the EV ecosystem in the country.
- These partnerships mark Hyundai's commitment to growth in India following the successful IPO of Hyundai Motor India Limited.
Hyundai Motor Group has announced significant partnerships with three Indian Institutes of Technology (IITs) – IIT Delhi, IIT Bombay, and IIT Madras – to establish a research system focusing on batteries and electrification. The Hyundai Center of Excellence (CoE) will be based at IIT Delhi and aims to lead advancements in these areas specifically tailored to meet Indian market requirements. With an investment of USD 7 million planned over five years, starting from 2025, Hyundai aims to conduct joint research on batteries and electrification with the IIT universities.
The collaboration is not limited to batteries but will also expand into software and hydrogen fuel cells. This initiative is expected to contribute to the growth of the electric vehicle (EV) ecosystem in India, aligning with government policies. Hyundai also intends to work with the Centre for Automotive Research and Tribology (CART) at IIT Delhi, the only EV-related research institute in India.
Hyundai's Head of Research and Development Planning and Coordination Center, Naksup Sung, expressed enthusiasm about the partnership, emphasizing the potential to drive innovation and future growth by leveraging the academic excellence of the IITs. The collaboration will involve technical and human exchanges between experts from Korea and India, fostering a strong network of talent for mutual benefit.
These partnerships come as part of Hyundai's strategy to expand its presence in India, following the successful IPO of Hyundai Motor India Limited (HMIL) to solidify its position in the country's automotive industry and support the establishment of a robust EV ecosystem.
Topics
Fuel Cells
Innovation
Investment
Automotive Industry
Research Collaboration
Technology Transfer
Academic Excellence
EV Ecosystem
Academic-industrial Partnership
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