Lithium Drive: Hyundai unveils electric car TNR.v, CZX.v, RM.v, TSLA, LIT, LIT.v, WLC.v, CLQ.v, ORE.ax, AVL.to, RES.v, LUN.to, FCX, RTP, SQM, FMC, ROC, BHP, NSANY, AAPL, GOOG, BYDDY, F

 

  Hyundai has weathered the financial storm much better than a lot of other automakers. Low cost production and raised standard of quality have put this company in direct competition with Toyota and company steady is rising its market share. For our Lithium bull market story this move by Korean automaker is very significant as Hyundai goes directly into Lithium ion technology for the batteries. South Korean companies were very active lately in making deals to secure lithium supply.

The Straits Times:

Hyundai unveils electric car

South Korean President Lee Myung-Bak drives Hyundai's first full-speed electric vehicle, BlueOn, during an unveiling ceremony at the presidential Blue House in Seoul on Thursday. -- PHOTO: AFP

SEOUL - HYUNDAI Motor, South Korea's No.1 carmaker, unveiled its first pure electric car on Thursday, with a goal of commencing mass production of the vehicles in 2012.

The 'BlueOn,' based on its i10 hatchback, will be powered by batteries made by SK Energy with a capacity of 16.4 kilowatts per hour, Hyundai said in a statement, without disclosing prices for the vehicle. The BlueOn can run 140 kilometres on a single charge and features a maximum speed of 130kmh, it said.

Hyundai will produce and supply a small number of electric vehicles to government agencies this year and next before commencing sales to the general public in 2012, by which it plans to manufacture 2,500 units, Hyundai said.

Hyundai said it was early too say in which markets the BlueOn would be launched first. 'We are taking a baby step. There is no infrastructure such as charging stations in Korea and many other countries,' a spokesperson said.

There are a number of electric vehicles in the works by other automakers, but their high cost and the limited range are cited as the biggest hurdles for their widespread adoption. Japan's Mitsubishi Motors Corp was the first major carmaker to roll out pure electric cars. Its i-MiEV electric car was introduced in Japan in August.

Nissan Motor Co plans to introduce a mass-market electric car in the United States in December. Ford will have an all-electric version of its Focus available in late 2011. The government said on Thursday that South Korea plans replace 20 per cent of the country's passenger cars with electric vehicles by 2020 with a goal to lead the emerging market. -- REUTERS"

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Powered by Lithium: SK Energy to Supply Li-ion Batteries to Hyundai, Kia for EVs TNR.v, CZX.v, TSLA, LIT.v, RM.v, LI.v, WLC.v, CLQ.v, LAT.v, AVL.to, F

KIA EV

"Now it is time for Lithium Supply - China already controls 97% of Rare Earths market. Lithium output will be increased fivefold in Chinese Lithium province, but the real news is below from Reuters - it is only half of previously expected output and now Chinese companies are on the shopping spree among lithium developers. Who will be at the boardroom table next - only a few lithium brines plays are left without J/V partners and we are following here two of them: International Lithium and Rodinia Lithium. We expect M&A activity in lithium space to be continued during this summer months."

Hyundai i10

Korean automakers are on offencive and challenge Japanese companies around the world. Hyundai is the new tiger from Asia and could be considered an economic miracle: it managed to raise its market share during recent financial crisis very substantially.

"Hyundai's move into the hybrid space is very important - it is one of the very few companies which gained market share during the recent crisis. Their move directly to lithium based batteries even in Hybrid application shows forward thinking and additional demand for lithium.

Image by Getty Images via @daylife

Toyota and other Japanese automakers feel the competition from upcoming Korean automakers like Hyundai and Kia now. Recent deal between Korean Kores and Lithium One shows that they are seriously betting on electrification of our transportation system."

SK Energy to Supply Li-ion Batteries to Hyundai, Kia for EVs
By Green Car Congress on 07/23/2010

South Korea-based SK Energy Co. will provide Li-ion batteries to Hyundai Motor and Kia Motors for electric vehicles (EVs), beginning with the i10.

The i10 will have a single charge range of 160 km (99 miles) and a top speed of 130 km/h (81 mph). The i10 is due to be in full scale production in 2011, according to SK.

SK Energy uses a lithium manganese oxide cathode material, mixing in NMC material for stabilization; a surface-modified graphite on the anode; a gel polymer electrolyte; and a ceramic-coated proprietary SK separator featuring low shrinkage and high heat resistance. SK cells have a specific energy density of around 140 Wh/kg.

In October 2009, SK Energy was chosen as a supplier of lithium-ion batteries for a hybrid electric vehicle project for Daimler commercial vehicle subsidiary Mitsubishi Fuso; Daimler holds 85% of Fuso. (Earlier post.)

SK Energy is also participating in a one-year technology assessment program of its batteries for electric vehicles with the US Advanced Battery Consortium (USABC). USABC will provide 50% of the funding for the project. (Earlier post.)"

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