SEOUL, Aug 8 (Reuters) - South Korea plans to require
electric vehicle (EV) makers to disclose the brand of batteries
in cars due to safety concerns after a vehicle in an underground
parking lot caught fire, causing extensive damage, a newspaper
reported on Thursday.
The transport ministry intended to amend laws to require car
companies to identify battery manufacturers, the Chosun Ilbo
reported, citing an unnamed transport ministry official.
Automakers in South Korea currently need to disclose certain
information about vehicles, including size and fuel efficiency,
but only limited details on batteries, such as power capacity,
and do not have to cite the manufacturers, the newspaper said.
The transport ministry declined to give an immediate comment
on the report.
Last week, a Mercedes-Benz electric sedan with batteries
made by Chinese company Farasis Energy caught fire
in the underground garage of an apartment in the South Korean
city of Incheon, according to media reports.
The blaze took more than eight hours to extinguish and
damaged about 140 cars and 23 people were hospitalised due to
smoke inhalation, Yonhap news agency said.
Mercedes-Benz Korea said in a statement it took the incident
very seriously and planned to cooperate with authorities to
determine the cause.
Farasis did not immediately respond to a request for
comment.
The Seoul Metropolitan Fire & Disaster Headquarters in a
report published in February said 1,399 fires occurred in
underground parking lots in South Korea between 2013 and 2022
with 43.7% attributed to vehicles. It said electrical sources
accounted for 53% of car fires in underground garages.
"A series of EV fires occurring in underground parking lots
have been linked to growing consumer distrust of EVs, which
could prolong the current EV downturn," said Esther Yim, an
analyst at Samsung Securities, adding that car and battery
makers needed to come up with measures to reassure consumers.
Last month, Hyundai Motor ( HYMTF ) said it would expand
hybrid line-ups as demand for EVs eases globally.
Meanwhile, battery maker LG Energy Solution,
whose customers include Tesla, General Motors ( GM )
and Hyundai Motor ( HYMTF ) among others, cut its annual sales target on a
slowdown in global EV demand.