SEOUL, Mar. 2 (Korea Bizwire) — Local battery makers are rushing to secure a steady supply of cobalt through import diversification and company mergers as the price of the raw material keeps rising, industry sources said Thursday. The international price of cobalt, a core component of batteries used in smartphones and electric vehicles, jumped to [...]
SEOUL, Nov. 20 (Korea Bizwire) — Chinese rechargeable battery and electric vehicle (EV) manufacturers are offering high wages to South Korean engineers, causing concerns among local companies that could face a shortage of skilled workers, industry watchers said Sunday. Sources said that Chinese companies are promising three to four times more pay for skilled engineers [...]
SEOUL, Nov. 15 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Wednesday that it has tied up with French tiremaker Michelin to develop next-generation tires for electric vehicles. The tie-up agreement on technological cooperation was signed between Yang Woong-cheol, a Hyundai Motor vice chairman, and his Michelin counterpart Florent Menegaux at Michelin’s [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea is speeding up its efforts to expand charging infrastructure for electric vehicles (EVs), as global carmakers’ unveiled road maps for electrification at this year’s Frankfurt Motor Show, industry watchers said Friday. The government is planning to increase the number of fast-charging stations to 3,000 across the country [...]
SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]
SEOUL, Jul. 11 (Korea Bizwire) — The highway toll charges for electric and hydrogen fuel-cell vehicles will halve from September, the transport ministry said Tuesday. The government plans to temporarily operate the discount program for environment-friendly vehicles by 2020, the Ministry of Land, Infrastructure and Transportation said in a statement. Depending on the operation results, [...]
SEOUL, Jun. 28 (Korea Bizwire) — A range of ultra-small electric vehicles (EVs) are poised to hit the South Korean market amid growing consumer interest in eco-friendly cars that can be bought cheap with state subsidies, industry sources said Wednesday. Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., and local [...]
SEOUL, June 27 (Korea Bizwire) — State-run electricity provider Korea Electric Power Corp. said Tuesday that it will run some 1,500 charging stations for electric vehicles (EVs) across the country starting on July 3. The 1,560 charging stations will be available at KEPCO’s operations center, public parking lots and some apartment complexes, it added. The [...]
SEOUL, Jun. 15 (Korea Bizwire) — Sales of electric cars in South Korea have grown sevenfold in the past year, as growing public interest is seeing more consumers trade in their gas-guzzlers to instead opt for more eco-friendly and energy-saving alternatives. According to data from the Ministry of Land, Infrastructure and Transport and the Korea Automobile [...]
SEOUL, May 15 (Korea Bizwire) — Sales of plug-in hybrid electric vehicles (PHEVs) have yet to pick up in South Korea, mostly due to high prices and lack of consumer recognition, industry officials said Sunday. Hyundai Motor sold 37 units of its Ioniq plug-ins in April, the best monthly sales since the model’s launch in [...]