Popular carmakers continue to update their fleets with the next generation of electric vehicles. It's no surprise as they continue to surge in popularity. Some optimistic estimates suggest that electric vehicles will account for half of all car sales in the United States by 2030.
With that in mind, The EV Report wrote that Hyundai has announced plans to unveil its Future Mobility Battery Campus in Anseong, South Korea. The massive facility will work to innovate and advance battery technology to achieve even higher performance in Hyundai electric vehicles.
The goal is for the campus to replicate factory environments so innovations can be quickly adopted for mass production. Hyundai is also partnering with the local government to attract more businesses that can support and propel battery development in the area. The hope is that the campus is ready for operation by the end of the year.
Hyundai's investment in battery technology like this is a tremendous boon for the environment. First and foremost, it will make electric vehicles more attractive to potential drivers. Longer range and more efficient batteries will help produce even better driving experiences at lower prices. The campus will also be an economic driver, attracting new businesses and driving significant job growth.
Incredibly, this is only the latest in a string of good news on the electric battery front. For instance, the chemical company Chemours recently opened up a next-generation battery development hub in Delaware. Engineers in Germany are developing improved power-pack housings for batteries that will help lower costs and increase efficiency.
The leaders behind the campus in Korea were understandably excited about the potential for innovation.
"Through the Future Mobility Battery Campus, we aim to seamlessly connect the entire battery ecosystem to foster cross-industry collaboration and accelerate technological advancement," said Heui Won Yang, head of the research and development division of Hyundai Motor Group.
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