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Fire-hit Mercedes uses Chinese cells for most EVs in Korea

Korea Economic Daily LogoKorea Economic Daily2h ago

Fire-hit Mercedes uses Chinese cells for most EVs in Korea - Korea Economic Daily

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Mercedes-Benz AG, a German luxury carmaker hit by an electric vehicle fire in South Korea, said most of its EV models in the Asian country are equipped with Chinese cells.Mercedes-Benz Korea Ltd.on Tuesday disclosed battery cell manufacturers of its EV batteries amid the mounting pressures from the government and customers after its EQE electric sedan with cells reportedly produced by Chinese company Farasis Energy Inc.caught fire in the underground garage of an apartment building in Incheon, a port city bordering Seoul, earlier this month.“All Mercedes-Benz EV batteries are manufactured by Mercedes-Benz’s 100%-owned subsidiaries, while various manufacturers supply battery cells,” the South Korean unit of the German carmaker said on its website.

The discontinued EQC 400 4MATIC was equipped with cells by LG Energy Solution Ltd.“We are cooperating with (South Korean) authorities’ investigations to figure out the exact cause of the incident,” Mercedes-Benz Korea said, referring to the fire on Aug.1.“We are doing our utmost to identify the root cause and take follow-up measures.” VOLKSWAGEN EVS EQUIPPED WITH KOREAN BATTERIESVolkswagen AG, the world’s second-largest automaker, said its EV models are equipped with batteries by South Korean manufacturers, on the other hand.

The blaze took over eight hours to extinguish and damaged about 16 vehicles in the parking lot, boosting EV phobia in South Korea and putting further pressure on automakers, which have been struggling against the sustained weakness in the clean vehicle industry.Hyundai Motor Co.and Kia Corp., the country’s two largest carmakers, as well as foreign brands such as BMW and Volvo, unveiled their EV battery and cell suppliers.


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Category: Economy

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 14:32:43 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22072864

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Official Website: kedglobal.com

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News Last Updated: 1 hours ago

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