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Kia Joins Hands with Local Startup to Verify V2V Charging Technology

Kia Joins Hands with Local Startup to Verify V2V Charging Technology

SEOUL, Nov. 22 (Korea Bizwire) — South Korean automaker Kia Corp. said Monday it had signed a business agreement with domestic startup TBU to verify vehicle-to-vehicle (V2V) charging technology. Under the terms of the agreement, the two parties will promote cooperation to reduce the charging time of electric vehicle (EV) users, secure an income model [...]

Wireless EV Charging to be Available Next Month

Wireless EV Charging to be Available Next Month

SEOUL, Nov. 9 (Korea Bizwire) — Wireless charging for electric vehicles will be available in South Korea next month as part of the country’s deregulation plans in the information technology sector, the ICT ministry said Wednesday. The Ministry of Science and ICT said in a report submitted to a government meeting on regulatory reforms presided [...]

Compact, Eco-friendly Cars Increasingly Popular as Oil Prices Remain High

Compact, Eco-friendly Cars Increasingly Popular as Oil Prices Remain High

SEOUL, Oct. 31 (Korea Bizwire) — In the midst of a slight increase in the nation’s cumulative car registrations in the third quarter of this year, the number of new registrations of compact cars and eco-friendly cars took an upturn, data showed Sunday. The nation’s cumulative car registrations stood at 25,356,000 in the third quarter [...]

Eco-friendly Vehicles Gain Popularity Even in Used Car Market

Eco-friendly Vehicles Gain Popularity Even in Used Car Market

SEOUL, Oct. 4 (Korea Bizwire) — Eco-friendly vehicles such as hybrid cars and electric vehicles (EVs) are enjoying rising popularity not only in the South Korean passenger vehicle market, but also in the used car market this year, data showed Monday. According to Transport Ministry data analyzed by the Carisyou Data Lab, the number of [...]

S. Korea Aims to Take Up 12 pct of World’s EV Market by 2030

S. Korea Aims to Take Up 12 pct of World’s EV Market by 2030

SEOUL, Sept. 28 (Korea Bizwire) — South Korea seeks to significantly boost production of electric vehicles to more than double domestic carmakers’ global market share to 12 percent by 2030 and to be a global car industry powerhouse, the industry ministry said Wednesday. For the goal, the government vowed to provide tax incentives and various [...]