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Hyundai Motor Group is expected to develop its own price-competitive lithium iron phosphate, or LFP, batteries for electric vehicles late next year to reduce dependence on China-made batteries, industry sources said Monday. According to media reports, under the two-year joint project with Korea-based battery makers that started this year, Hyundai will complete development of LFP batteries in 2024. The batteries will ...
South Korean carmakers need to speed up developing all-solid-state lithium batteries and securing electric vehicle-related software capabilities to gain a bigger share in the era of electric vehicles (EVs), an auto industry expert has said.All ...
Seoul, Aug 21 (IANS) South Korean carmakers need to speed up developing all-solid-state lithium batteries and securing electric vehicle-related software
Ev Battery Manufacturing: All current EVs are powered by lithium-ion batteries, which can catch fire once they enter an uncontrolled, self-heating state known as "thermal runaway" in which the fires burn so hot and quickly that it can be extremely difficult to extinguish it or escape in time.
This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. The opening ceremony of the Joint Battery Research Center took place at Seoul National University’s main campus and was attended by esteemed guests, including Euisun Chung, Executive Chair of Hyundai Motor Group; Yong Wha Kim, President and Chief Technology Officer of Hyundai Motor Group; Heung Soo Kim, Executive Vice President and Head of Global Strategy Office of Hyundai Motor Group; and Chang Hwan Kim, Se...