[Hyundai Steel Concall] "Only a Part of Aluminum Applied to Electric Vehicles... Developing Steel Sheets for EVs"
[Asia Economy Reporter Hwang Yoon-joo] Hyundai Steel announced on the 28th that it has plans to develop automotive steel sheets for electric vehicles to secure competitiveness in the electric vehicle market.
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During the Q2 earnings conference call, Hyundai Steel explained, "The number of electric vehicles is expected to increase to 1 million units by 2025," adding, "Although aluminum is partially applied in high-end car models for weight reduction due to battery weight, its overall impact on the vehicle body will not be significant."
This content was produced with the assistance of AI translation services.
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