Ministry of Industry Provides 442.5 Billion Won Support for Automobiles... Focus on Electric, Hydrogen, and Autonomous Vehicles
The Ministry of Trade, Industry and Energy announced on the 31st that it plans to support the automobile industry with a total of 442.5 billion KRW this year, of which 392.5 billion KRW will be invested in the development of future car super-gap technologies. The development of future car super-gap technologies focuses intensively on challenging tasks necessary for market leadership with cutting-edge technologies in the fields of electric vehicles and autonomous driving.
In the electric vehicle sector, support will be provided for challenging tasks such as integrated body parts, 6000-ton (t) class or larger giant casting body process innovation technology, next-generation power semiconductor GaN power module applied inverter technology with over 98.5% efficiency, and battery system technology to prevent thermal runaway.
In the hydrogen vehicle sector, innovative technology development will be focused on liquid hydrogen technology to achieve a driving range of 1000 km and large-capacity single modules dedicated to commercial vehicles.
In the autonomous driving sector, efforts will concentrate on the development of autonomous driving system design technologies based on open source such as AUTOSAR, Linux, which are vehicle software standard specifications, as well as technologies to counter security and component defects.
Additionally, 50 billion KRW will be provided to support commercialization and overseas market development through joint equipment construction and prototype production to enhance the innovation capabilities of regional parts companies. To closely support regional parts companies, ten new base infrastructure projects will be organized by region.
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The application period for new tasks in the first announcement this year is until March 4. Applications will be accepted online through the integrated research support system of all ministries.
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