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Mercedes-Benz and BMW have reportedly disclosed the names of their electric vehicle battery suppliers in South Korea, following a recent EV explosion that triggered widespread revolt against electric vehicles.that the South Korean units of Mercedes-Benz Group AG and BMW AG have taken a significant step towards transparency by revealing the names of their electric vehicle battery suppliers on their websites.
Although Mercedes did not specify which company manufactured the battery in the car involved in the fire, local media identified it as China’s Farasis Energy. The transport ministry has advised Mercedes to conduct a special inspection of the vehicle in question. In response, Mercedes-Benz Korea announced that it will offer free inspections for all of its EV models starting from Wednesday. Additionally, the company plans to donate approximately 4.
Yoon Joonwon, a fund manager at DS Asset Management Co. in Seoul, commented on the situation, stating, “It’s difficult to tell at this point whether Farasis batteries are the problem, but there’s a general sentiment that the risk is higher with smaller battery makers than major producers like CATL or Korean makers. Until the issue is resolved, consumer sentiment toward EVs is expected to remain deteriorated for some time.
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