SEOUL, Aug. 25 (Korea Bizwire) – The government and the ruling People Power Party (PPP) agreed Sunday to introduce a system mandating automakers to disclose the battery brand information of all electric vehicles (EVs). During a meeting between senior government officials and PPP officials, the two sides also agreed to launch at an early date [...]
SEOUL, May 27 (Korea Bizwire) – SK Innovation Co., South Korea’s top oil refiner, said Monday it will expand its electric vehicle (EV) battery production capacity 20 times more than the current level by 2025 to meet growing demand and expand its presence in the promising market. SK Innovation CEO Kim Jun said the company aims to [...]
SEOUL, Nov. 30 (Korea Bizwire) — SK Innovation Co. said Thursday it has decided to invest more than 1 trillion won (US$925 million) to boost electric vehicle battery production capacity to meet growing demand. The South Korean EV battery maker said it is set to break ground on a 840 million-won plant in Hungary in [...]