WASHINGTON, March 31 (Korea Bizwire) — Siemens AG CEO Joe Kaeser and other key speakers, sponsors and exhibitors from the entire electric drive supply chain, including R&D experts, leading manufacturers, top industry executives and government partners, are slated to participate in the 33rd Electric Vehicle Symposium and Exposition (EVS33), scheduled for June 14 thru 17, [...]
SEOUL, March 10 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its researchers have developed an advanced battery technology that can boost performance of electric vehicles (EVs). Samsung’s study on new all-solid-state battery technology was presented to Nature Energy, one of the world’s leading scientific journals, the South Korean tech giant said. Compared with lithium-ion [...]
SEOUL, March 5 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. is speeding up expansion in the South Korean market for electric vehicles (EVs) with its Model 3. The Ministry of Land, Infrastructure and Transport reported that Tesla sold 1,433 cars last month, setting a new monthly sales record in South Korea since it joined [...]
SEOUL, March 3 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries. LG Chem signed the deal with Turkish electronics and appliance maker Vestel last month, a company official [...]
SEOUL, March 2 (Korea Bizwire) — The market share of South Korea’s major electric vehicle (EV) battery producers reached a record high last month, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery makers — LG Chem Ltd., Samsung SDI Co. [...]
SEOUL, Feb. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it will supply batteries to American electric carmaker Lucid Motors by 2023. LG Chem said it has signed a deal to supply cylindrical batteries for the Lucid Air luxury sedan, which will be launched for mass production in the [...]
LEBANON, Beirut, Feb. 21 (Korea Bizwire) — Electra looking to outperform, out price and out class the current EV market by building an ecofriendly supercar fit for the mid-range consumer. The ultimate symbol of strength and renewal, Electra is built with the finest EV technology available. The priority for Electra is to replace the current [...]
SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Wednesday it has signed a deal with U.S. electric vehicle startup Canoo to develop an electric vehicle (EV) platform for its upcoming models. Hyundai said it expects the new platform using Canoo’s scalable skateboard architecture to allow for a simplified and [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday their combined electric vehicle (EV) sales exceeded Volkswagen’s EV sales in global markets last year. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, sold a total of 126,406 electric vehicles in 2019, higher than [...]