When in use, electric tractors are efficient and offer superb precision. The diesel tractor is less efficient than an electric motor in transforming heat energy into mechanical energy. An electric motor is still more efficient than a diesel engine.
Electric tractors operate for longer periods of time and require less maintenance and repair since they have fewer moving components. Quick charging, battery swapping, regenerative braking, and power inversion will all be available on the e-tractor (tractor charging UPS).
Consumer attitudes about electric vehicles are changing as a result of worries about environmental pollution, which is causing the electric vehicle industry to expand. The expansion of the electric vehicle battery market in this area is mostly due to rising customer demand and expenditures on battery technology.
The South Korea Electric tractor battery market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Daedong, a manufacturer of tractors, was looking to buy a company that packaged lithium iron phosphate (LFP) batteries in order to enter the smart mobility market. The business is investigating a startup that offers an AI-based battery protection solution after assessing possible options.
This company previously provided Daedong with LFP batteries and has over ten years of experience in LFP battery packing. Other corporations besides Daedong had made offers to buy the company, but it has declined because it thinks Daedong is the greatest match for it. Tractors are the company’s major product. Daedong started producing agricultural machinery in the 50s.
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