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 [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s major electric vehicle (EV) battery producers increased their market share in 2019 from a year earlier in line with increased global EV battery use, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery [...]
SEOUL, Feb. 4 (Korea Bizwire) — The market for electric vehicle (EV) charging stations has been feared by many as an unyielding, unpredictable business, but not for long. The government recently vowed to make the market more accessible for business, and sales and exports of electric vehicles have been on the rise in recent months. [...]
SEJONG, Jan. 20 (Korea Bizwire) — South Korea’s finance and environment ministries said Monday that they have changed a state subsidy scheme for eco-friendly vehicles to allow buyers of efficient cars to get larger subsidies from this year. Currently, the state subsidy is calculated on an electric car’s battery capability. Under the revised subsidy program, [...]
SEOUL, Jan. 17 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will soon begin mass production of electric vehicle (EV) batteries that will offer a range of 500 kilometers on a single charge. The company is currently building a new EV battery plant in Georgia, the United States, with the [...]
SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they have invested US$110 million in the U.K.-based electric vehicle startup Arrival as part of their future mobility strategy. Hyundai and Kia have made the investment to jointly develop electric commercial vehicles, such as vans and buses, for [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — South Korea’s No. 1 telecom company SK Telecom Co. on Tuesday signed a partnership with China-based electric vehicle (EV) maker Byton to develop an in-vehicle infotainment (IVI) system as South Korea’s leading mobile carrier taps deeper into the mobility sector. Under the deal signed at the Consumer Electronics [...]
SEJONG, Jan. 3 (Korea Bizwire) — South Korea said Friday it will allocate more money to foster the eco-friendly automobile market this year in a long-term plan to have such cars take up a quarter of all car exports by 2030. To further foster the segment, South Korea said it will allocate 950 billion won [...]