SEOUL, Nov. 23 (Korea Bizwire) — President Yoon Suk-yeol asked Tesla CEO Elon Musk to build an electric vehicle plant in South Korea during a virtual meeting with the billionaire entrepreneur on Wednesday, his office said. Yoon made the request after Musk explained Tesla’s plans to build a gigafactory in Asia to produce finished EVs, [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will supply eco-friendly cars to FIFA for a successful 2022 Qatar World Cup. The South Korean carmake will send 446 passenger vehicles and 170 commercial vehicles, 236 of which are eco-friendly models, in promotion of a zero-carbon football championship. It will the [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do not produce the green vehicles in America, company data showed [...]
SEOUL, Oct. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Tuesday launched the pure electric high-performance model EV6 GT in the domestic market in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 kilometers on a single [...]
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 [...]
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 [...]
SEOUL, Sept. 28 (Korea Bizwire) — The EV-only powertrain on Hyundai Motor Co.’s all-electric IONIQ 5 was named one of the Wards 10 Best Engines & Propulsion systems, the company said Wednesday. The IONIQ 5 was selected for its performance, charging capability, range and price, Hyundai Motor said in a statement. The South Korean carmaker [...]