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Hyundai partners with Amara Raja for AGM battery technology

Dec 20, 2024•over 1 year ago

Contract Type

partnership

Fountain ValleyAutomotive

Description

Hyundai Motor India Limited (HMIL) has partnered with Amara Raja Energy & Mobility Limited (ARE&M) to introduce Made-in-India Absorbent Glass Mat (AGM) battery technology for its domestic vehicle lineup. The collaboration aims to enhance the durability and lifespan of the vehicles' batteries and aligns with HMIL’s goal to utilize localized technology.

Company Information

Company

Hyundai Motor America

Location

Fountain Valley, California, United States

About

Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months