SEOUL, Aug. 23 (Korea Bizwire) — Police and the labor ministry on Friday requested an arrest warrant for the chief executive of lithium battery maker Aricell and three others in connection with June’s deadly fire that claimed 23 lives. The request was announced in a joint news conference by the Gyeonggi Nambu Provincial Police Agency [...]
SEOUL, Aug. 21 (Korea Bizwire) – In the wake of electric vehicle (EV) fire controversies, lithium iron phosphate (LFP) batteries are gaining attention in the global market. Known for their stability and cost-effectiveness, LFP batteries are seeing steady demand compared to their premium counterparts, nickel-cobalt-manganese (NCM) batteries. However, South Korean battery manufacturers find themselves in a [...]
SEOUL, Aug. 16 (Korea Bizwire) – In a bid to allay consumer concerns about electric vehicle (EV) safety, Hyundai Motor Company and Kia Corporation have unveiled their latest Battery Management System (BMS) technology, a crucial development in their ongoing efforts to improve EV reliability and performance. The South Korean automakers announced on August 15 that the [...]
DAEJEON, Aug. 14 (Korea Bizwire) – In a significant breakthrough for energy storage technology, researchers at the Korea Institute of Energy Research have developed a new battery material capable of functioning in temperatures as low as -20 degrees Celsius, the institute announced on August 13. Traditionally, graphite has been the go-to material for anodes in lithium-ion [...]
SEOUL, Aug. 14 (Korea Bizwire) — Mercedes-Benz Korea Ltd. is faced with criticism from industry watchers and consumers over its belated disclosure of battery suppliers for the company’s electric vehicles amid an EV safety scare. Concerns surrounding EV safety flared up in the country after a spontaneous fire that started in a parked Mercedes-Benz EV on Aug. [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean battery manufacturers are experiencing a collective boost in stock prices as automakers, led by Hyundai Motor Company, begin to disclose their electric vehicle (EV) battery suppliers. This trend reflects growing investor confidence that South Korean firms, with their superior technology compared to Chinese competitors, could increase market share [...]
SEOUL, Aug. 12 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires that have sparked debates about battery safety, South Korea’s battery industry is doubling down on efforts to improve safety measures from the design and production stages. EV battery fires can rapidly spread through thermal runaway, where a single battery issue can [...]
SEOUL, Aug. 12 (Korea Bizwire) — Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries. Public concerns over EV safety have mounted in the country after a spontaneous fire that began in a parked Mercedes-Benz EV on [...]
SEOUL, Aug. 8 (Korea Bizwire) — Consumer calls for mandatory disclosure of electric vehicle battery information are growing in South Korea, as an EV scare over possible fire accidents grips the nation following a massive fire caused by a Mercedes-Benz vehicle. The latest fear surrounding electric cars started last Thursday, when a spontaneous fire that began in [...]
SEOUL, Aug. 8 (Korea Bizwire) — The government is considering requiring electric vehicle manufacturers to disclose information on car batteries amid an EV scare following a massive fire caused by a Mercedes-Benz vehicle last week, according to sources Thursday. According to the sources, the Ministry of Land, Infrastructure and Transport is reviewing the measures for [...]