FLEETDRIVE
LOWERING LFP BATTERY COSTS
EMISSIONS-FREE LOGISTICS
MINI CAR BOOM
Hyundai and Kia are developing cheaper cathode materials for lithium iron phosphate ( LFP ) batteries to reduce their dependence on Chinese suppliers . The new production process would combine iron powder , phosphate , and lithium , bypassing the traditional precursor step . This innovative method is expected to cut costs and lower the environmental impact of battery production .
This move aligns with Hyundai ’ s goal of increasing LFP battery cell manufacturing in South Korea . The automaker previously announced a two-year joint venture to develop LFP batteries domestically , aiming to make them more affordable while reducing reliance on Chinese-made cells .
LFP batteries are gaining popularity due to their lower cost , lack of nickel and cobalt , and improved safety features . Major companies like Ford and GM are also adopting LFP technology for their future electric vehicles , as China continues to innovate with higher energy density and faster charging capabilities .
Two electric trucks have begun transporting components at BMW Group Plant Leipzig , saving about nine tonnes of CO2 annually compared to diesel vehicles . Covering an eightkilometre route up to 12 times daily , these trucks support the plant ’ s production of high-voltage batteries for electric vehicles , including the BMW iX1 and MINI Countryman Electric .
Equipped with lithium iron phosphate batteries , the trucks are three times more efficient than their diesel counterparts and produce zero emissions . Their introduction is part of BMW ’ s Green Transport Logistics Project , which aims to cut transportation emissions and achieve a 40 % reduction in CO2 across the vehicle lifecycle by 2030 .
As part of its commitment to sustainability , BMW is exploring various technologies to further decrease emissions in its logistics operations . This includes increasing the use of biofuels and participating in research projects focused on hydrogen fuel for trucks . By integrating these measures , BMW aims to enhance its supply chain ’ s sustainability while supporting the global transition to electromobility .
The mini car market in Việt Nam is set to grow as more consumers seek affordable and efficient vehicles . Experts note that these compact cars are easier to drive and park in crowded urban areas . With rising fuel prices and environmental concerns , buyers are increasingly turning to fuel-efficient options , including electric and hybrid models .
VinFast ’ s new two-seater has attracted attention , reflecting the rising interest in this segment . Supported by government policies and personalised features , the future of mini cars in Việt Nam looks promising .
As the economy grows and more people join the middle class , the demand for mini cars is expected to rise . Manufacturers are responding with a variety of customisation options , allowing buyers to choose colours and features that match their preferences .
ISSUE 49 OCTOBER 2024 / WWW . AFMA . ORG . AU 33