SEOUL, June 12 (Korea Bizwire) — The top executive of Renault Korea Motors Co. has said that his company will roll out its first electric vehicle in South Korea in 2026. During a meeting with reporters on Friday, CEO Stephane Deblaise stressed that 2026 would be the perfect timing for his firm to release an [...]
SEOUL, June 9 (Korea Bizwire) — As China and Germany advanced in the electric vehicle (EV) and battery industry last year, the South Korean share of the global EV and battery export market dropped. The Federation of Korean Industries reported that China and Germany raised their share of the world’s battery-based electric vehicle (BEV) export [...]
SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Group has developed an electric vehicle (EV) charging service platform that will be installed in the company’s future super-speed charging stations. The South Korean automaking titan announced on Monday the development of E-pit Charging Service Platform (E-CSP), a charging platform for EVs. E-CSP consists of a control [...]
SEOUL, March 24 (Korea Bizwire) — President Moon Jae-in will ride an electric vehicle (EV) after he leaves office. According to the Ministry of the Interior and Safety’s tender notice for the purchase (lease) of a vehicle for the use of the soon-to-be former president that was posted on the Public Procurement Service’s Government e-Procurement [...]
SEOUL, March 18 (Korea Bizwire) — Electric vehicle (EV) drivers are increasingly concerned that the lack of liability insurance at charging stations may prevent them from receiving any compensation in case of a fire or explosion. There were 112 EV charging stations in South Korea as of June last year, with approximately 104,000 charging stands. [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea announced plans on Wednesday to reduce the amount of subsidies provided to electric vehicle (EV) purchases in exchange for offering subsidies to a wider line-up. The government said that subsidies will be provided to 207,500 EVs this year, up from 101,000 cars last year. The maximum amount [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea will increase the number of electric vehicle chargers at highway service areas nationwide to over 1,000 by the end of 2022, the transport ministry said Sunday. Currently, there are 435 EV chargers at the country’s highway rest stops. The government plans to increase the number to 730 [...]
PUNE, India, Nov. 24 (Korea Bizwire) – Growth Market Reports, a leading market research company, has published a new study on the Electric Vehicle Market by Vehicle Types (Passenger Cars, Commercial Vehicles, and Two Wheelers), Vehicle Class (Mid-Priced and Luxury), Types (Battery Electric Vehicles [BEV], Hybrid Electric Vehicles [HEV], and Plug-In Hybrid Electric Vehicles [PHEV]), and Regions (Asia Pacific, North [...]
SEOUL, Sept. 29 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for about a third of the global market in the first eight months of the year, but they are facing toughening competition with Chinese rivals, a market research firm said Thursday. The trio — LG Energy Solution Ltd., Samsung SDI [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korean automaker Hyundai Motor Co.’s electric vehicle (EV) sales increased in the first half of the year compared with a year ago, but its global market share fell in the face of toughening competitions with Chinese rivals, industry data showed Monday. Hyundai Motor was in sixth place in [...]