SEOUL, March 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s biggest carmakers, have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said Sunday. The two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric [...]
SEOUL, Mar. 14 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Korea and Tesla [...]
SEOUL, Mar. 12 (Korea Bizwire) – In a race against time, the battery sector is making strides towards developing technology that could dramatically speed up the charging process for electric vehicle (EV) batteries. The current benchmark to charge an EV battery to 80% capacity takes anywhere from 30 minutes to an hour, but the goal now [...]
SEOUL, Mar. 8 (Korea Bizwire) –Hyundai Motor has announced the introduction of a trade-in program for electric vehicles (EVs) in the South Korean market, aimed at increasing EV sales by offering competitive incentives to customers. Starting from March 1, purchasers of Hyundai EVs, including models like the Ioniq 5 and 6, and the Kona Electric, [...]
SEOUL, Mar. 7 (Korea Bizwire) – The highly anticipated EV Trend Korea 2024 exhibition opened its doors on March 6 in Seoul’s Gangnam district, at the COEX Convention and Exhibition Center, presenting a forward-looking vista into the electric vehicle (EV) and charging infrastructure sector. Organized by the Ministry of Environment, in partnership with COEX and the [...]
SEOUL, Mar. 6 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to [...]
SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]
SEOUL, Mar. 4 (Korea Bizwire) — The number of eco-friendly car registrations in South Korea surpassed that of liquefied petroleum gas (LPG) models for the first time last year, according to data Monday. According to data from the Ministry of Land, Infrastructure and Transport, cumulative registration of domestic eco-friendly cars, such as hybrids, electric and [...]
SEOUL, March 3 (Korea Bizwire) – South Korea’s demand for key minerals is expected to jump up to nineteenfold from 2021 by 2040 due to expansion in the electric car and wind power industries, a report showed Sunday. The demand for lithium, nickel, manganese and cobalt, essential for electric car batteries, will be up by [...]
SEOUL, Feb. 29 (Korea Bizwire) — Imported car purchases among those in their 20s and 30s fell nearly 18 percent on-year in 2023 amid a slowdown of the economy and high interest rates, industry data showed Thursday. According to data from the Korea Automobile Importers & Distributors Association, the number of newly imported cars registered [...]