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Three South Korean Electric Car Suppliers
Three South Korean Electric Car Suppliers EVs have fewer mechanical parts than traditional vehicles, but they contain sophisticated technology that can be difficult to source and mass-produce. Legislation like the IRA can help, but the key is investing in a more diverse supply chain and strengthening transparency along the way. The best EV suppliers will have traceable, ethical supply chains. This will help them mitigate risks and meet their new product introduction goals (NPI) while reducing environmental impact. 1. BYD BYD produces rechargeable batteries, electric motors, and semiconductor chips. It also operates the world’s largest EV manufacturing plant and offers energy storage systems for homes, businesses, and utility companies. It…