Half of imported EVs in Korea run on Chinese batteries as EV fires rise

Q: How long will it take to read this news story?

The story "Half of imported EVs in Korea run on Chinese batteries as EV fires rise" has 740 words across 37 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Half of imported EVs in Korea run on Chinese batteries as EV fires rise" was covered 5 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 15 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21996111</li><li>URL: https://beamstart.com/news/half-of-imported-evs-in-17231844382813</li></ul>

Korea Economic Daily Logo Korea Economic Daily 5h ago

Half of imported EVs in Korea run on Chinese batteries as EV fires rise - Korea Economic Daily

Quick Summary:

Korean automakers disclose the brand of batteries for all their EVs.“China’s leading battery makers such as CATL have shown advanced battery technology, but there are many small and medium-sized companies in China that have not been verified,” said an industry official.

CATL and another Chinese battery maker BYD Co.are strong in low-cost lithium iron phosphate (LFP) batteries, however, their nickel-cobalt-manganese (NCM) battery technology, over which Korean battery makers have a competitive edge, still needs to be verified, he said.

BATTERY TRACKING SYSTEMS IN US, EUROPEAccording to EV Volumes, eight out of 15 Mercedes-Benz EV models, or 53.3% of them, sold in Europe, are equipped with batteries made by Korean and Japanese companies.