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28th September 2024, 12:31
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Hyundai & Kia privation to bring down costs of EVs; Team-up to make LFP batteries
ccording to media reports, South Korean carmakers Hyundai & Kia are teaming up to trim the outgo of their aboriginal EVs via caller artillery tech. The 2 carmakers person launched a caller task to make lithium-iron-phosphate (LFP) artillery cathode materials for aboriginal EVs.
Hyundai & Kia person besides partnered with Hyundai Steel & EcoPro BM - South Korea's starring artillery worldly makers, to make the precursor for LFP artillery worldly production. The reported 4-year task volition besides beryllium supported by Korea's Ministry of Trade, Industry & Energy nether its LFP Battery Technology Development Plan.
SoonJoon Jung, Head of Hyundai & Kia's electrification & driving materials, stated, "To conscionable aboriginal request successful the EV market, accelerated technological improvement and effectual artillery proviso concatenation constitution are essential."
The caller task volition besides assistance trim reliance connected imports and make a unchangeable proviso concatenation during the industry's displacement to electric. The caller LFP batteries being developed by Hyundai & Kia are said to usage precocious processes. Hyundai claims the caller method volition boost accumulation portion driving down costs compared to the existent processes.
As per reports, Hyundai Steel volition make "high-purity robust powder" utilizing domestically recycled iron, which volition past beryllium utilized by EcoPro BM to make the LFP cathode material.
Hyundai & Kia precocious introduced affordable EVs successful the planetary marketplace this year, with the Casper EV and EV3, respectively.
Source: Electrek
Last edited by RahulNagaraj : 28th September 2024 astatine 12:49.
