The Ministry of Trade, Industry and Energy announced on the 3rd that it will begin the 2nd round of new project announcements for supporting the development of core future vehicle technologies starting from the 4th.

The announcement targets a total of 14 items and 31 detailed projects, including securing advanced technologies for electric, hydrogen, and autonomous vehicles, and responding to international safety regulations. A total of 34.1 billion won is being invested in this initiative.

The appearance of the Ministry of Trade, Industry and Energy at the Government Sejong Center. /Courtesy of News1

The second round of new projects will be conducted in two main categories: eco-friendly vehicles and autonomous vehicles. The new support scale for eco-friendly vehicles is 12.5 billion won, with investments in ▲ developing a hydrogen and electric low-floor bus sharing platform ▲ developing global electrification railway core electrical components ▲ developing battery control technology for ultra-fast charging of electric vehicles ▲ developing electronic brakes that meet European safety regulations.

In the autonomous vehicle sector, 21.6 billion won will be invested. Key projects include the development of high-performance semiconductors for software-defined vehicles (SDV), vehicle unit integrated electrical systems, and autonomous driving artificial intelligence (AI) models.

Detailed information on new projects in the future vehicle sector and application forms can be found in the inter-ministerial integrated research support system.

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