Hyundai to launch pilot EV battery leasing business | Automotive Industry News
Hyundai Motor has mentioned it has agreed to start a pilot battery leasing business specific at fleets of electric taxis, with the collaboration of the South Korean authorities and top local corporations.
The memorandum of knowledge (MOU) was signed this week with the Ministry of Trade, Marketplace and Electricity, the automaker’s logistics affiliate Hyundai Glovis, top EV battery manufacturer LG Electricity Alternative and local taxi business KST Mobility, with the intention of creating a rental business for electric taxi batteries and also for the sustainable reuse of these batteries in power storage programs (ESS).
With this undertaking, Hyundai is wanting