Hyundai Motor recalls 81,000 EVs for battery defect, may prove to be the costliest recall
Hyundai Motor’s Q4 2020 results are going to suffer due to the costs of the recall. PUBLISHED BY TAGS:
Hyundai Motors to recall 81,701 vehicles globally. The recalled vehicles include
Kona EV, Elec City bus built between November 2017 and March 2020.
Hyundai Motor says the vehicle recalls are expected to cost the company about 1 trillion won or an estimated $900 million.
In South Korea, 26,699 electric vehicles have been recalled due to potential fire risks, according to the South Korean transport ministry.
The South Korean authorities are planning a thorough probe as Hyundai’s Kona EV is facing a second recall.
Hyundai To Recall 76,000 Electric Vehicles Over Battery Fire Risks forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Competition heating up for hydrogen vehicles
Posted : 2021-01-28 17:50
By Kim Bo-eun
The market for hydrogen-powered vehicles is gaining momentum amid global interest in the fuel as a means of meeting carbon targets.
Major economies have announced plans to achieve carbon neutrality by 2050 and have unveiled national roadmaps for building a hydrogen economy. These efforts are placing an increased focus on eco-friendly vehicles such as electric vehicles (EVs) and hydrogen fuel cell electric vehicles (FCEVs).
The market for FCEVs remains a niche segment of the global car market but is seeing growth. According to energy market tracker SNE Research, 2,594 hydrogen-powered vehicles were sold worldwide in the third quarter of 2020, up 27.3 percent from the same quarter of 2019.
South Korea’s first hydrogen-powered garbage truck entered service a few days ago in Changwon. The 5-ton truck with fuel cell will initially be tested for one year as part of a project of the South Korean Ministry of Trade, Industry and Energy with Hyundai Motor and the Korea Automotive Technology Institute.Weiterlesen
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