How Hyundai And Kia Are Dealing With EV Fire Concerns In Korea

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How Hyundai And Kia Are Dealing With EV Fire Concerns In Korea
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The Korean automaking giant is launching free inspections, disclosing its battery sourcing and adding software updates after a fire.

A fire with a Mercedes-Benz EQE and then a Kia EV6 has sent South Korea into a panic over EVs. EV fires are statically few and far between, but if they do happen, lithium-ion battery fires are particularly nasty and hard to extinguish. The involved car companies are making a number of changes in an attempt to restore customer trust.

Across the industry, it's often very hard to tell what batteries are in what EVs and where they come from. The batteries from the Mercedes fire in Korea are believed to be sourced from China’s Farasis Energy, which are unlikely to be used in any U.S.-model EVs. Yoon Joonwon, a fund manager at DS Asset Management Co.

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