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S. Korea EV Sales Soar in Q1 on Prices, Infrastructure

S. Korea EV Sales Soar in Q1 on Prices, Infrastructure

SEOUL, May 15 (Korea Bizwire) – All-electric vehicle sales in South Korea posted a nearly nine-fold jump in the first quarter on improving infrastructure and reasonable prices, industry associations said Monday.  Carmakers sold a combined 1,729 electric vehicles in the January-March period, soaring from 193 a year earlier, according to data offered by the Korea [...]

SK Innovation Aims to Develop Powerful EV Battery by 2020

SK Innovation Aims to Develop Powerful EV Battery by 2020

SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020. The energy and chemical business arm of SK Group said it will cope with current business trouble in China through [...]

Surging Interest in EVs Bodes Well for Korean Green Car Market

Surging Interest in EVs Bodes Well for Korean Green Car Market

SEOUL, South Korea, March 22 (Korea Bizwire) – South Korean TV shopping network Lotte Home Shopping recently experienced firsthand the surge in the popularity of electric cars when it aired a special program last Friday featuring electric cars for lease. During the hour-long broadcast, the network saw more than five thousand customers call in to [...]

Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

SEOUL, Feb. 23 (Korea Bizwire) – U.S. electric carmaker Tesla Motors has begun receiving orders for its luxury Model S electric vehicle that is expected to be officially launched in South Korea in May, market sources said Thursday.  According to the sources, Tesla Korea, the local distributor of the car, recently informed local customers who [...]

Rental Firms to Help EV Distribution through Long-Term Rentals

SEOUL, Nov. 17 (Korea Bizwire) – Electric vehicles (EVs) are expected to get wider distribution through rental and car sharing services, bolstered by a government-industry agreement, auto business officials said Thursday.  The Environment Ministry and car rental companies struck a pact Wednesday to promote the use of eco-friendly vehicles. The rental firms will provide contracts [...]