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S Korean EV producers pushed to reveal battery details

  • Market: Battery materials
  • 13/08/24

South Korea's government has advised domestic electric vehicle (EV) manufacturers to disclose their battery information and to allow inspections after multiple fires have raised safety concerns.

It comes as authorities seek to ease EV owners' safety concerns after an EV earlier this month caught fire at an apartment complex in Incheon city and destroyed nearby cars. A fire at a lithium battery manufacturing plant at Hwaseong in June led to a chain explosion, killing 23 workers and injuring eight, according to South Korea's National Fire Agency.

South Korea's government formed a task force that carried out safety inspections at battery industrial sites, following the lithium battery manufacturing plant fire. The task force, led by its environment ministry, also inspected safety conditions of underground electric chargers and related facilities from July to early August, according to government agency the Office for Government Policy Co-ordination.

Multiple South Korean auto manufactures including Hyundai and Kia, as well as the South Korean units of global producers such as BMW and Mercedes-Benz, have released information about the installed batteries in their EVs. This has often been confidential and included their suppliers.

Hyundai and BMW Korea were among the first to disclose the information, with BMW Korea disclosing that the majority of its models use batteries from South Korean battery maker Samsung SDI, with the rest from Chinese battery manufacturer CATL. LG Energy Solution (LGES) and SK On are supplying most of Hyundai's EV batteries, with only the batteries for its Kona SX2 model from CATL. Kia also disclosed that the battery cells used in its EVs come from domestic producers LGES, SK On, as well as CATL. South Korea's Mercedes-Benz revealed that a number of its EV models use batteries from LGES, SK On, CATL, as well as fellow Chinese battery producer Farasis Energy.

South Korea's domestic sales of battery EVs (BEVs) in this year's first half fell by 15pc from a year earlier to 66,930 units despite firm domestic demand for BEVs in June. BEV sales in June rose to around 17,000 units, which was up by 16pc on the previous year and by 29pc against a month earlier.


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Japan’s domestic EV sales fall further in October


08/11/24
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08/11/24

Japan’s domestic EV sales fall further in October

Tokyo, 8 November (Argus) — Sales of passenger electric vehicles (EVs) in Japan fell for a 12th straight month in October, mostly because of a drop in demand for domestic brands. Sales totalled 4,325 units in October, down by 35.1pc from a year earlier, according to data from three industry groups — the Automobile Dealers Association, the Japan Light Motor Vehicle and Motorcycle Association and the Japan Automobile Importers Association (JAIA). Sales were down by 32.7pc on the previous month. EVs accounted for just 1.3pc of Japan's total domestic passenger car sales last month, down by 0.7 percentage points from a year earlier. The fall in EV sales was mostly the result of lower sales of Nissan's Sakura, one of the domestic producer's top selling EV models. Sakura sales slumped by 51.6pc on the year to 1,448 units. Sales of foreign brand passenger EVs fell to 1,900 units, down by 4pc on the year. The decline largely reflected reduced supply by Germany's Volkswagen, a JAA representative told Argus . It remains unclear if the downtrend will continue given demand for imported EVs remains high in the Japanese market, the representative added. Imported EVs accounted for around 44pc of the country's total passenger EV sales in October. Japan's largest car producer Toyota on 6 November revised its global EV sales outlook downwards to 160,000 units for the current fiscal year that ends 31 March 2025. This is 11,000 units lower from the initial plan announced in May, the company said. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Finland's Terrafame to cut battery jobs on EVs slowdown


30/10/24
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30/10/24

Finland's Terrafame to cut battery jobs on EVs slowdown

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Korea's LGES sees battery market uncertainties in 2025


29/10/24
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29/10/24

Korea's LGES sees battery market uncertainties in 2025

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Atlas Lithium granted permit for Brazil plant


28/10/24
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28/10/24

Atlas Lithium granted permit for Brazil plant

London, 28 October (Argus) — US lithium producer Atlas Lithium has been granted permits from the state of Minas Gerais in Brazil to build and operate its lithium refinery. The refinery, which will process mined ore from one of Atlas' deposits, is set to scale up to 300,000 t/yr of lithium concentrate production by mid-2025, the firm said last December. The permitting encompasses 85 mineral rights across approximately 468sq km, including regions Neves, Coronel Murta, Eastern Properties, Itinga, Salinas, Santa Clara and Tesouras. "We are thrilled with today's announcement, as permitting is widely considered the most critical risk in any mining project," said chief executive Marc Fogassa. The firm has signed offtake agreements with Japanese trading house Mitsui as well as Chinese firms Chengxin Lithium Group and Yahua Industrial Group . By Chris Welch Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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