SEOUL, Feb. 26 (Korea Bizwire) — Global automakers are rolling out lower-priced electric vehicles this year despite facing a temporary plateau in demand, known in the industry as a “chasm.” The strategy aims to attract cost-conscious consumers while securing market share ahead of widespread EV adoption. According to industry sources on February 24, Kia plans to unveil [...]
SEOUL, Feb. 21 (Korea Bizwire) — The Kia EV3, a compact electric SUV, has been awarded the title of ‘2025 Car of the Year’ by the Korea Automobile Journalists Association (KAJA), marking a significant milestone for Kia’s push toward the mass adoption of electric vehicles. KAJA, comprising 59 media outlets across newspapers, television, radio, and [...]
SEOUL, Feb. 19 (Korea Bizwire) — Samsung SDI has completed the development of a breakthrough technology designed to prevent thermal propagation, a key cause of electric vehicle (EV) battery fires, and is now preparing for commercialization. According to Samsung SDI’s newsroom announcement on February 18, the company has finalized the commercialization review for its ‘No-Thermal Propagation’ [...]
SEOUL, Feb. 14 (Korea Bizwire) – Hyundai Motor Co. said Friday it will accept preorders for a custom-built high-performance edition of the company’s Ioniq 5 electric vehicle (EV), of which only 50 units will be sold globally. Preorders for the Ioniq 5 N DK edition are available via the automaker’s N Performance Shop, an online [...]
SEOUL, Feb. 13 (Korea Bizwire) — Kia has lifted the curtain on its latest electric vehicle lineup, aiming to redefine the EV market with a bold new vision. Ahead of its annual “Kia EV Day,” set to take place later this month in Tarragona, Spain, the automaker released teaser images and videos of three upcoming models: [...]
SEOUL, Feb. 11 (Korea Bizwire) – With the recent entry by China’s BYD Co. into South Korea’s passenger electric vehicle (EV) market, concerns have been raised over potential personal data leaks to China through the vehicles manufactured by the company, industry observers said Tuesday. The security risks of private data leaks to China emerged following [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Company is set to launch the Casper Electric Cross, a compact electric SUV, on February 11, 2025. The new model builds upon the existing Casper Electric, incorporating design elements that enhance its outdoor appeal. The front fascia features a cross radiator grille and a semi-gloss gray metallic skid [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. said Monday it plans to release an off-road themed variant of the Casper Electric, the company’s entry-level electric vehicle (EV), in South Korea this week. The Casper Electric Cross retains the core design identity of the original model, known as Inster Electric overseas, introduced last year, [...]
SEOUL, Feb. 7 (Korea Bizwire) — BMW has introduced the latest iteration of its all-electric Sports Activity Vehicle (SAV), the ‘New iX,’ marking its global debut. The automaker announced the unveiling on February 7, highlighting significant advancements in power, design, and battery efficiency. The New iX, part of the BMW i sub-brand, incorporates the company’s latest [...]
SEOUL, Feb. 7 (Korea Bizwire) – Hyundai Motor Co. will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday. According to the sources, Hyundai Motor will halt operations of Line 12 at its Ulsan Plant 1 in South [...]