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Plugged in: Redefining Mobility - The powertrain perspective of South Korea
In this episode of the Automotive Podcast Series by S&P Global Mobility, our program host, Gaurav Vangaal, will be joined by Ryan Sangmin Lee our South Korean expert on Light Vehicle Powertrain forecasts. With South Korea being the sixth largest light vehicle producer, the discussion focuses on the evolving powertrain landscape, particularly the shift towards electric vehicles (EVs) and hybrids. Ryan highlights the anticipated production mix by 2031, predicting 36% battery electric vehicles (BEVs) and 37% full hybrids, reflecting a balanced approach to electrification. The conversation also delves into Hyundai's strategic flexibility in adapting to market demands amid rising competition from Chinese automakers. Key challenges, such as safety concerns over EV-related fires, are addressed, emphasizing the need for reliable battery technologies to restore consumer confidence.
If you have questions for the hosts, please email AskMobility@spglobal.com.
Tune in to find out the answers, and much more!
Speakers:
Gaurav Vangaal, Associate Director, Light Vehicle Production Forecast, Indian Subcontinent, S&P Global Mobility
Ryan Sangmin Lee, Principal Research Analyst, South Korea Powertrain Forecast, S&P Global Mobility
We’d love to hear your thoughts on this episode at our AskMobility@spglobal.com email, and you can find out much more across the website.
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