The Hyundai Motor Group plans to build its own LFP batteries to support cheaper EV prices. Industry sources said the automaker is expected to introduce LFP batteries in Hyundai and Kia electric cars from 2025.
At its 2023 investor day in June, Hyundai revealed a $7.3 billion investment ( KRW 9.5 trillion) to develop EV batteries over the next ten years.
Hyundai said it was leveraging its position “amidst a seismic change in the industry.” The plans include co-developing NCM, LFP, and solid-state batteries to improve range while lowering costs.
The automaker said it had formed a dedicated unit for each component of battery development. The first Hyundai EVs with competitively priced LFP batteries will arrive in 2025.
Hyundai said its new LFP battery-powered electric models will feature increased energy density and improved low-temp efficiency.
According to local media reports (via The Korea Herald), Hyundai will complete the development of its LFP batteries in 2024. The move is expected to reduce Hyundai’s reliance on China while promoting cheaper EV prices.
Hyundai to build cheaper EV batteries
Hyundai teamed up with other South Korean industry leaders this year, including battery giants SK On and LG Energy Solutions, to advance EV sales in the region.
The first Hyundai-made NCM battery was featured in the Sante Fe hybrid, launched in August. The company’s new battery (developed with SK) improved battery efficiency by about 10% compared to the previous model.
Hyundai looks to maximize battery cell capacity to its highest level of over 60 amps. Meanwhile, its energy density is expected to be around 300 watts per kg. The automaker aims to boost capacity to that of premium NCM batteries.
Currently, the Hyundai Kona EV and the new Kia Ray EV are powered by LFP batteries from China’s CATL.
The move comes as Hyundai aims to detach from China by producing cheaper LFP batteries in-house.
“Like the world’s top EV makers Tesla and BYD, if Hyundai develops more EV batteries, it can boost production and cut the overall costs,” explained Lee Ho-geun, a car engineering professor at Daeduk University.
The cheaper LFP batteries will be installed in Hyundai and Kia entry-level and mid-priced EV models from 2025.
Electrek’s Take
Demand for affordable EVs continues rising across the top auto markets globally. China’s largest EV maker, BYD, is seeing record growth with low-priced EV models like the Dolphin electric hatchback and Yuan Plus (Atto 3), which start at around $20,000 in many markets.
BYD also makes its own batteries and outsources to other companies, including Kia, Tesla, Toyota, and others. The auto giant posted a record $1.4 billion in Q3 profits despite the intensifying EV price war in China and overseas.
By producing batteries (especially cheaper ones), Hyundai will set itself up for success as the industry transitions to EVs.
Hyundai aims to be a top three EV producer by the end of the decade. Building cheaper batteries in-house will be a good start.
FTC: We use income earning auto affiliate links.More.
The all-electric Cadillac LYRIQ was an Electrek favorite when it first made its debut two years ago. Now, LYRIQ buyers who have been waiting for a deal can score more than $10,500 in discounts on the Ultium-based Caddy.
Our own Seth Weintraub said that GM had come in, “a year early and dollar long at $60K” when he first drove the Ultium-based Cadillac LYRIQ back in 2022. He called the SUV “a stunner,” too, heaping praise on the LYRIQ’s styling inside and out before adding that the EV’s ride quality really impressed on long journeys.
Well, if the first mainstream electric Cadillac was a winner at its original, $57,195 starting price (rounded up to $60K for easy math), what could we call it at $10,500 less?
That’s a question that’s suddenly worth asking, thanks to huge GM discounts on the LYRIQ that prompted the automotive pricing analysts at CarsDirect to name the 2024 LYRIQ one of the industry’s “Best New Car Deals” this month:
A slew of incentives can enable you to save big on a 2024 Cadillac LYRIQ. First, EVs eligible for the federal tax credit qualify for $7,500 in Ultium Promise Bonus Cash from GM. Additionally, competing EV owners can score $3,000 in conquest cash.
With more than 100 kWh of battery capacity and 300-plus miles of real-world driving range (plus available 190 kW charging capability) the Cadillac LYRIQ ticks all the boxes – but you don’t have to take just my word for that.
A global shortage of qualified operators is impacting job sites everywhere, precisely at a time when demand for housing, mineral mining, and renewable energy construction is going from peak to peak. That’s why companies from Caterpillar to Tesla to Einride are pushing to advance autonomy the way they are.
First revealed as a concept in 2021, Volvo CE’s CX01 autonomous “single drum” asphalt roller concept has seen continuous development in the years since. Making its Volvo Days debut, the CX01 has shed the original single drum design for a “split drum,” with each half being controlled by an internalized, independent electric motor.
The CX01’s electric motors not only help to propel and steer the roller, they also vibrate the drums individually, using some trick software calibration to effectively “cancel each other out,” delivering all the benefits of vibrating drum rollers without the noise.
It’s so smart, you guys
It’s also worth noting that the CX01 is something of an “extended range” EV, instead of a “pure” BEV. That’s because it uses a small, 1.4L diesel engine to spin a generator that powers not batteries, but capacitors (those blue things, above right). Those capacitors can be charged on grid power (or from an accompanying TC13 trench compactor), but they’re much better than batteries at releasing energy really quickly, enabling the diesel to operate at its maximum efficiency while maintaining extremely precise, high-torque movement from the motors.
Volvo CE engineers envision a team CX01 rollers units deployed on larger job sites that could work together and communicate with other pieces of equipment on the site. The connected equipment could help survey the job site, report on the conditions of the mat (density, temperature, and passes), and leverage AI to determine when and where to compact without the need for human operators.
All of which is great, sure – but they had me at “giant OneWheel.”
Volvo TA15 autonomous electric haul truck
Volvo TA15 autonomous haul truck; photo by the author.
Part of Volvo CE’ “TARA” line of autonomous products, the “production ready” TA15 autonomous electric haul trucks are already part of a number of pilot programs on Volvo customer job sites. Being autonomous, they’re ideally suited to performing repetitive routes, dozens of times per day, without exposing human operators to fatigue or injury.
“TARA enables you to downsize and replace larger diesel-powered vehicles with a fleet of autonomous electric Volvo TA15s capable of running 24/7,” reads the official TARA release. “This not only helps you cut emissions and increase productivity, it will also help you rightsize your machinery and optimize your hauling routes.”
And that brings us to the real topic at hand: sustainability.
Electrek’s Take
Volvo SD110 single drum roller, via Volvo CE.
As we’ve often discussed on The Heavy Equipment Podcast, there are two types of sustainability, and both are important. The first is the “classic” version of sustainability, in that our choices need to sustain the planet and environment we live in. The second is sustainability of the business – the ability to keep doing business in a way that ensures the survival of the business, itself.
Looking at the conventional Volvo SD110 conventional roller, above, you can see the incredible amount of materials – of steel, rubber, plastic, glass, etc. – that simply isn’t needed to produce the CX01 roller we started this article with.
All that added mass has a massive hidden carbon cost. The cost of getting those materials out of the ground, the need for bigger, heavier roads to support the weight of the machine, and the bigger, burlier trucks and trailers needed to transport it. Heck, even the operator’s commute to and from the job site adds to the carbon cost of the SD110, over and above the harmful emissions from its diesel engine’s exhaust stack.
The CX01? It’s objectively more sustainable than the SD110 roller in every way, and does pretty much the same job.
Following successful inbound implementations in the Pacific Northwest, North Carolina, and Mexico, Daimler Trucks North America (DTNA) is expanding the reach of its electric semi fleet into Arizona with long-time associate JB Hunt.
JB Hunt will add the new Freightliner eCascadia electric semi to its Arizona fleet immediately, and put it to work delivering aftermarket truck parts from DTNA’s parts distribution center (PDC) in Phoenix to multiple DTNA dealers along a dedicated route.
The electric Freightliner truck is expected to cover approximately 100 miles in a given day before heading “home” to a Detroit eFill charger installed at Daimler’s Phoenix facility.
“This solution with DTNA is a great example of our commitment to supporting customers’ efforts to reduce their carbon footprint and work towards energy transition,” explains Greer Woodruff, executive vice president of safety, sustainability and maintenance at JB Hunt. “JB Hunt owns and operates several eCascadias on behalf of customers, and our drivers have really enjoyed their in-cab experience. As customer interest continues to grow, we are here to enable their pursuit for a more sustainable supply chain in the most economic means possible.”
Daimler is analyzing future expansion opportunities throughout its internal parts distribution and logistics with an eye on electrifing additional routes and further reducing the carbon footprint of its logistics operations.