Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea

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Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea - Business Standard

Quick Summary:

The full disclosure of EV battery manufacturers is a rare move by carmakers as the information is typically kept confidential around the globe.

Separately, the company announced plans to donate about 4.5 billion won ($3.3 million) to help residents affected by the explosion, even though the investigation into the fire is still underway.

The Office for Government Policy Coordination will come up with comprehensive measures in September to address the safety risks of EVs, after having discussions with related ministries and industry experts, it said in a statement.