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Hyundai Motor Company has unveiled a new model of an electric vehicle.
Competition in the domestic electric vehicle market, where Tesla dominated about 40%, is heating up.
This is Han Sang-woo.
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Hyundai Motor Company unveiled'Ioniq 5', the first model produced on an electric vehicle platform.
When fully charged, the mileage is 430km, which is more than 100km longer than the Tesla Model Y.
The price is set in the early and mid-50 million won range, so if you receive a subsidy, you can buy it for 30 million won.
In our electric car market, Tesla was the lead, and expensive imported cars such as Mercedes EQC400 and Audi e-tron were the main trend.
Let us support the full subsidy only for products under 60 million won. When Tesla launched Model Y this year, it lowered the price of single motor models to 59.99 million won.
There is also a competition for technology development to reduce the price of batteries, which is nearly 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 centering on eco-friendly vehicles, safety issues such as electric vehicle fires are a challenge to be solved.