BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > AUTOMOTIVE > article

S. Korea eases regulations to expedite EV battery recycling industry

Park Sae-jin Reporter(swatchsjp@ajunews.com) | Posted : October 19, 2020, 16:32 | Updated : October 19, 2020, 16:32
  • 트위터
  • 페이스북
  • 웨이보

[Gettyimages Bank]


SEOUL -- South Korea eased regulations to expedite the recycling of discarded electric vehicle batteries as it undergoes a major change to gradually reduce the registration of internal combustion engine vehicles and promote the adoption of clean energy vehicles. The Seoul government has revealed a roadmap to increase the number of electric vehicles to 433,000 by 2021.

State data showed that the number of discarded EV batteries is expected to reach about 80,000 in 2029. Currently, all EV owners who received government subsidies upon their purchase must return car batteries to local governments when their cars are scrapped. However, there are no guidelines on how to use discarded batteries that still have up to 80 percent capacity.

The Ministry of Trade, Industry and Energy said in a statement on October 19 that nine companies including Hyundai Glovis, the logistics wing of Hyundai's auto group, LG Chem, a petrochemical and battery-making wing of LG Group, Hyundai Motor, the country's top carmaker, and GoodByeCar, a domestic car scrapping service operator, to start recycling businesses using discarded EV batteries.

"Discarded EV batteries could bring negative effect to the environment but new business models could be created when they are reused," the ministry said, adding the companies involved would share data after a two-year test period. The project using discarded EV batteries is designed to check the potential of future green energy businesses. The ministry said energy storage systems (ESSs) can be deployed in urban areas to provide fast-charging for EVs. 

ESSs collect electricity from power generating facilities such as solar power generators and wind generators. Normally, battery-packed facilities are used to provide electricity to nearby areas as well as to sell stored electricity to state power companies. Because ESSs are about the size of a freight container box, they can be set up in any place including urban areas.

Hyundai Glovis will partner with KST Mobility, a taxi service company, to start a battery rental service for electric taxis. Seoul has revealed its plan to adopt 40,000 electric taxis by 2025. When taxi batteries are discarded, LG Chem will collect used batteries to build ESSs. Hyundai Motor will demonstrate the reproduction of batteries for ESSs connected to solar power generators. Discarded EV batteries will be broken down to reproduce batteries with larger capacities that are ideal for ESSs.

South Korea is encouraging people to build solar power generators on the roof of buildings or idle spaces to reduce greenhouse gas emissions. There are more than 53,000 solar power generating facilities as of 2019. The total output of solar power generating facilities is 11,391 gigawatt per hour, which is enough to power 4.3 million households.

GoodByeCar will produce portable battery packs, also known as power banks, using discarded EV batteries. The demand for portable battery systems is high in South Korea thanks to the increasing popularity of camping and outdoor activities. Power banks provide electricity to portable refrigerators, lights, heaters and other smart devices in outdoor environments. Currently, lithium iron phosphate power banks are widely used.

 

  • Park Sae-jin Reporter
  • email : swatchsjp@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Hyundai unveils new utility vehicle IONIQ 5 with dedicated BEV platform.
    Hyundai unveils new utility vehicle 'IONIQ 5' with dedicated…
  • .Hyundai Glovis develops dedicated container to transport different types of spent batteries.
    Hyundai Glovis develops dedicated container to transport dif…
  • .S. Korea to develop technologies for efficient recycling of discarded batteries.
    S. Korea to develop technologies for efficient recycling of …
  • .GS Caltex takes new approach to turn gas stations into integrated commercial lifestyle complex.
    GS Caltex takes new approach to turn gas stations into integ…
  • .GS retail and KT co-develop digital logistics business models using AI and big data.
    GS retail and KT co-develop digital logistics business model…

Real Time Photo News

  • .S. Korea to build state-run K-pop concert hall for unaffordable online performances .

    S. Korea to build state-run K-pop concert hall for unaffordable online performances

  • .BLACKPINK member Rosé to release solo album in March.

    BLACKPINK member Rosé to release solo album in March

  • .BTS agency posts record earnings in 2020 on brisk online activities and album sales .

    BTS agency posts record earnings in 2020 on brisk online activities and album sales

  • .[FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene.

    [FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene

  • .CJ ENM aims to become major visual content producer thru partnership with Epic Games .

    CJ ENM aims to become major visual content producer thru partnership with Epic Games

Latest News

more+

  • Aviation industry wants government push to make early preparations for use of biofuels
  • Dongkuk Steel develops antiviral metal plates capable of killing COVID-19 virus in 30 minutes
  • Hyundai Glovis strengthens logistics partnership with China's Changjiu Group
  • Aramco partners with Hyundai shipbuilder to develop business model using hydrogen and ammonia
  • Hancom acquires drone technology startup Awesome Tech
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view