Monday, July 7, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Hyundai to launch pilot EV battery leasing business | Automotive Industry News

Hyundai to launch pilot EV battery leasing business | Automotive Industry News

by admin
February 21, 2021
in Auto News
0 0
0
Share on FacebookShare on Twitter


Hyundai Motor has stated it has agreed to launch a pilot battery leasing enterprise focused at fleets of electrical taxis, with the collaboration of the South Korean authorities and main native corporations.

The memorandum of understanding (MOU) was signed this week with the Ministry of Commerce, Business and Vitality, the automaker’s logistics affiliate Hyundai Glovis, main EV battery producer LG Vitality Answer and native taxi agency KST Mobility, with the intention of building a rental enterprise for electrical taxi batteries and likewise for the sustainable reuse of those batteries in power storage programs (ESS).

With this challenge, Hyundai is seeking to develop an EV battery ecosystem which would scale back the preliminary value burden of EV purchases, in addition to growing new companies that allow the reuse of the batteries.

Below the settlement KST will promote the possession of the batteries in its newly bought EVs to Hyundai Glovis, which is able to then lease them again to KST. This can cut back the preliminary EV buy value, with KST paying a month-to-month rental as soon as the automobiles begin producing revenue.

After intensive utilization, the batteries shall be swapped and the previous ones utilized in ESS to energy fast-charging stations for the taxi fleet. To save lots of prices the ESS batteries may be charged at off-peak occasions equivalent to in the midst of the evening when electrical energy charges are lowest.

Below the settlement Hyundai will handle the general enterprise, promote EVs to KST and likewise present warranties for the batteries. An preliminary 20 Kona EVswill be provided for the challenge.

Hyundai Glovis will function the battery rental service and get well batteries after their preliminary use. The corporate lately acquired a patent for container know-how that enables for the environment friendly transport of enormous numbers of used batteries.

LG Vitality Answer will monitor the battery security and repurchase the batteries after their first use. It should promote them to KST Mobility and set up them in ESS-powered fast-charging stations. Information generated from EV and battery utilization shall be shared with all events.





Source link

Tags: AutomotivebatteryBusinessHyundaiIndustryLaunchLeasingNewsPilot

Related Posts

SMMT: Van market down every month in first half of 2025
Auto News

SMMT: Van market down every month in first half of 2025

July 7, 2025
Andy Palmer: India’s Auto Industry at a Crossroads
Auto News

Andy Palmer: India’s Auto Industry at a Crossroads

July 4, 2025
Ferrari to Manual Gearbox Fans: Just Buy Used
Auto News

Ferrari to Manual Gearbox Fans: Just Buy Used

July 5, 2025
Slovakian production confirmed for Polestar 7
Auto News

Slovakian production confirmed for Polestar 7

July 4, 2025
Nissan Z Quietly Outsells the Supra Three to One in 2025 Sales Surge : Automotive Addicts
Auto News

Nissan Z Quietly Outsells the Supra Three to One in 2025 Sales Surge : Automotive Addicts

July 6, 2025
2025 Hyundai Tucson facelift launched in Malaysia – 2.0L NA, 1.6T, 1.6T hybrid, RM143,888 to RM197,888
Auto News

2025 Hyundai Tucson facelift launched in Malaysia – 2.0L NA, 1.6T, 1.6T hybrid, RM143,888 to RM197,888

July 2, 2025
Load More
Next Post
2021 Porsche Taycan Review | Range, 0-60, specs, photos

2021 Porsche Taycan Review | Range, 0-60, specs, photos

Inspector Gullu Hyderabadi Full Movie | Aziz Naser, Adnan Sajid Khan | #SillyMonksDeccan

Inspector Gullu Hyderabadi Full Movie | Aziz Naser, Adnan Sajid Khan | #SillyMonksDeccan

Categories

  • Auto News (3,398)
  • Automative Reviews (1,921)
  • Car Brands (2,047)
  • Insurance (3,417)
  • Market (1,599)
  • New Cars (2,142)
  • Technology (2,012)
  • Videos (2,124)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Mahindra says ute, one new SUV per year coming
  • 2025 New Mahindra Scorpio Classic S Base🔥नई ऑन रोड किमत के साथ
  • A Few Unlucky Ford F-150 Lightning Owners Could Face Braking Problems
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In