Seoul/New Delhi, April 24
Hyundai Motor Group said on Thursday it has partnered with the Indian Institute of Technology (IIT) Delhi to establish a new research centre in India aimed at advancing future mobility technologies, with a focus on electrification and battery systems.
Under their partnership agreement signed Wednesday, the two sides will establish the Hyundai Center of Excellence, which will serve as a hub for joint research projects under a long-term academic-industry cooperation framework.
Hyundai Motor and Kia together plan to invest around 5 billion won ($3.5 million) over two years to pursue research in future mobility technologies at the centre, reports news agency.
The group has identified nine collaborative projects with IIT Delhi, covering areas such as battery cells and systems, battery management systems, safety, durability and diagnostic technologies.
The centre will also explore new materials and components to further enhance battery design and performance.
An official partnership agreement signing ceremony was held in New Delhi, attended by Yang Heui-won, president and head of Hyundai's research and development division, and IIT Delhi Director Rangan Banerjee, among others.