electric vehicle Archives | Be Korea-savvy
Foreign EV Brands See Sales Boost as Tesla Struggles

Foreign EV Brands See Sales Boost as Tesla Struggles

SEOUL, May 24 (Korea Bizwire) — With U.S. electric vehicle (EV) maker Tesla Inc.’s sales in South Korea dwindling, Mercedes-Benz, Porsche and other foreign carmakers are surging amidst growing competitiveness in the market for EVs. The Korea Automobile Importers and Distributors Association and Carisyou Data Lab reported a 2 percent increase in EV imports, reaching [...]

KEPCO Teams Up with Kakao Mobility to Launch New EV Charging Service

KEPCO Teams Up with Kakao Mobility to Launch New EV Charging Service

SEOUL, May 18 (Korea Bizwire) — State-run utility Korea Electric Power Corp. (KEPCO) has teamed up with Kakao Mobility Corp., the country’s top taxi-hailing company, to provide a new electric vehicle (EV) charging service. The two parties recently signed a memorandum of understanding (MOU) to promote cooperation for the service development needed for the establishment [...]

S. Korean EV Industry Embraces Second Life for Used Batteries

S. Korean EV Industry Embraces Second Life for Used Batteries

SEOUL, May 7 (Korea Bizwire) — As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle. Lithium-ion batteries, a key component that determines an EV’s driving range and performance, inevitably degrade with time [...]

Kona and Niro’s Days Numbered with Introduction of Dedicated EVs

Kona and Niro’s Days Numbered with Introduction of Dedicated EVs

SEOUL, May 3 (Korea Bizwire) — With the introduction of dedicated electric vehicles, Hyundai Motor Co.’s all-electric SUV Kona and other EVs derived from combustion engine-based vehicles are expected to be discontinued in line with slowing sales. The Korea Automobile Manufacturers Association reported that Hyundai produced only 7,731 Kona EVs for the first quarter this [...]