Hyundai recently announced its new plans across various areas, from electric vehicles and autonomous driving technologies to production capacity and cloud-based systems. The company is preparing to launch over 100 new models by 2030 while significantly increasing its global production capacity. Among the announcements, battery technologies particularly stood out.
The company aims to reduce battery costs and offer higher energy density with new cells to be used in its next-generation electric vehicles. This will both lower raw material costs and increase range.
New Batteries Will Reduce Costs
Hyundai announced that its newly developed battery cells can provide more than double the power output and reduce charging time by 40 percent compared to previously used high-nickel content cells.
These cells are expected to be first used in one of the new Santa Fe or Genesis-branded extended-range electric vehicles (EREV).
The company's main cost advantage will come from mid-nickel content NCM cells, which will begin to be used in electric vehicles starting next year. These cells will reduce battery costs by approximately 30 percent while maintaining performance under real-world driving conditions. Hyundai also states that the new NCM cells will offer 30 percent more energy compared to LFP batteries of the same size.
Furthermore, Hyundai will develop its cloud-based battery management system. Through improvements to be made by 2028, the company aims to increase battery lifespan by an average of 20 percent.
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