Hyundai is taking inspiration from Tesla as it plans to model a new EV production procedure after its Giga Casting. The newly acquired process, ”hypercasting,” can substantially help to minimize the cost by boosting output. Believing in an exclusive report that comes from the Korean newspaper Hankyung. Hyundai’s new EV production method is influenced by Tesla’s Giga Casting.
Whereby, the process comprises injecting molten aluminum alloy into casting molds that ultimately harden to take the vehicle frame shape. This method introducing at Tesla’s Fremont Factory in 2020. While the EV maker implements the technique at their China and Germany plants.
The massive machines were able to make the parts much bigger than what the auto industry was used to produce. Also, the automakers can utilize their time as well as resources without the need to affix multiple parts that substantially help to reduce vehicle weight. It is worth noting that it is estimated that Tesla effectively minimizes the costs by approx 30% by using casting. The traditional approach comprises drilling thousands of holes in around 70 steel plates and welding them together.
Hyundai seeking growth by following Tesla to boost EV production
Hyundai arrived at a tentative wage agreement with its South Korean labor union. The automaker agreed to a “special agreement for future growth.” which aims to increase domestic investment. This is intended to be achieved by converting existing ICE manufacturing plants into “core manufacturing bases for future vehicles.”
Meanwhile, the company already filed for the “hypercasting” trademark with the United States Patent and Trademark Office on August 21, 2023. Also, they planned production for 2026.
In addition to this, Hyundai isn’t the only one seeking growth by following Tesla to boost EV production. Whereas, several other automakers, including Toyota, Volkswagen, and Volvo, are also looking to come up with similar processes. Alternatively, China’s Geely has already launched the method to build ZEEKR models.
Korea’s biggest automaker has already had success so far in transforming into the electric era with EV models. This includes the IONIQ 5, IONIQ 6, and Kona Electric. At the same time, in order to keep up with EV leaders like Tesla and BYD. Hyundai expects an opportunity to transform its production network.
