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Hyundai Motor Company unveiled a new electric vehicle model today (23rd).
So far, 40% of the electric cars sold in Korea have been Tesla, but with the launch of a new Hyundai car, competition in the electric car market is getting hotter.
This is Han Sang-woo.
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Hyundai Motor Company unveiled the first model'Ioniq 5'produced on an electric vehicle platform.
When fully charged, the mileage is 430 kilometers, which is more than 100 kilometers longer than the Tesla Model Y.
[Kim Heung-su/Hyundai Motor Executive Vice President: 80% of the battery capacity can be charged in 18 minutes, and with only 5 minutes of charging, you can drive about 100 kilometers...
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price is set in the early-mid 50 million won range, so if you get a subsidy, you can buy it for 30 million won.
In our electric car market, expensive imported cars such as Mercedes EQC400 and Audi e-tron were the main trend, led by Tesla, but the government's subsidy policy change sparked price competition.
Let's try to support the full subsidy only for products less than KRW 60 million, Tesla lowered the price of the single motor model to KRW 59.99 million when launching the Model Y this year.
There is also a competition for technology development to reduce the price of batteries, which is almost half the price of electric vehicle parts.
In addition, a method was introduced to reduce purchase costs by leasing only batteries, and to recycle the used batteries into ESS that can store a large amount of electricity by returning them.
In the future, other electric car models, such as GM's Volt and Renault Samsung's Joe, are also expected to be released in Korea, so the choice of consumers is widening.
With the paradigm shifting in the automotive industry with a focus on eco-friendliness, safety issues such as electric vehicle fires are a challenge to be solved.
(Video editing: Park Jeong-sam)