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autoevolution 14 May 2021, 14:16 UTC ·
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The global chip shortage is far from over, and what’s even worse is that nobody knows for sure when things would come back to normal, and carmakers would no longer have to turn to painful decisions like suspending the production at some of their facilities. 1 photo
But one thing is for sure, though. The global chip shortage teaches everybody in the industry a few important lessons, and Hyundai and Samsung have apparently received the right message.
The two companies have joined forces for a partnership whose purpose is to help deal with the chip shortage and work together on a series of tech products to be used on cars.
Samsung and Hyundai join forces to develop semiconductors for cars
Amid the ongoing semiconductor shortage, the Korean government is apparently aiming for the nation to become more self-reliant in the automotive semiconductor space. In recent news, Samsung Electronics has partnered with Hyundai Motor Co. and both companies have signed an agreement with the Korean Electronics Technology Institute, the Korea Automotive Technology Institute, as well as the Ministry of Trade, Industry and Energy.
The two tech giants together with the aforementioned institutions share the same goal of tackling the semiconductor shortage across the automotive segment and establishing a stronger local supply chain. Samsung and Hyundai will reportedly cooperate on developing next-gen semiconductors, battery management chips, image sensors, and application processors for car infotainment systems.
Korean EV industry embraces second life for used batteries
Posted : 2021-05-07 09:13
Updated : 2021-05-07 13:16
This Hyundai EV Station in Seoul s Gangdong District is capable of charging 80 percent of the IONIQ 5 s battery in 18 minutes. Courtesy of Hyundai Motor
As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle.
Lithium-ion batteries, a key component that determines an EV s driving range and performance, inevitably degrade with time and use, and they are recommended for replacement within 5-10 years due to slowing charging speeds and shorter driving range.
Chip constraints create domino effect in Korea s auto industry
Posted : 2021-04-18 16:37
Updated : 2021-04-18 21:23
By Kim Hyun-bin
The global chip shortage has impacted major automakers worldwide and Korea is also seeing a domino-like effect with consecutive shutdowns of plants at major local powerhouses such as Hyundai, Kia and GM Korea.
The shutdowns have impacted best-selling lineups ― Hyundai will halt production of its Grandeur and Sonata sedans, Monday, as will GM Korea with its Chevy Trailblazer.
The Grandeur has been Hyundai s bestselling model for four consecutive years with over 145,000 sold locally last year, and there are worries the suspension could drastically affect its profitability, as the move comes after the company halted production at its Ulsan plant of the IONIQ 5 electric vehicle and Kona SUV from April 7 to 14, due to parts shortages.