STAFFORD, Texas, Dec. 6 (Korea Bizwire) — Microvast, Inc., a technology innovator of Li-ion battery solutions, took home a marquee award for developing disruptive battery technologies essential to the electric vehicle industry. For the past 56 years, R&D 100, coined the “Oscars of Innovation,” recognizes revolutionary technologies recently introduced to the market. On Dec 5, [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean exports of electric vehicles (EVs) more than doubled in the first 10 months of this year on brisk demand from advanced markets, data showed Monday. The country’s overseas shipments of EVs were valued at US$2.57 billion in the January-October period, up a whopping 103.3 percent from a [...]
SEOUL, Oct. 29 (Korea Bizwire) — Kia Motors Corp. and GS Caltex Corp. said Tuesday they have joined hands to offer better electric vehicle (EV) charging services. Under a bilateral memorandum of understanding, Kia and GS Caltex will collaborate on developing EV charging technologies and services. Kia, South Korea’s No. 2 carmaker and part of [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea is aiming to more than double its share of the world’s all-electric and hydrogen-powered vehicle market to 10 percent by 2030 as it strives to foster future mobility as its new growth driver, government officials said Tuesday. Seoul currently accounts for four percent of the pure electric [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s cathode material producers are likely to see solid earnings in the fourth quarter of the year on a surge in nickel and cobalt prices, analysts here said Saturday, amid growing demand for electric vehicle (EV) batteries. Nickel and cobalt are key raw materials for cathodes, one of [...]
SEOUL, Sept. 17 (Korea Bizwire) — Global competition for electric vehicle (EV) batteries has countries and companies battling to attract top talent. In particular, concerns over technology leaks are growing as battery manufacturers in China, Europe and other countries have been attempting to woo Korean workers. Companies are offering high salaries targeting skilled Korean talent. [...]
SEOUL, Sept. 16 (Korea Bizwire) — The chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle (EV) battery makers — met Monday to make a breakthrough in their legal battles over EV battery patents but apparently failed to find common ground. LG Chem CEO Shin Hak-cheol met with [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest automotive group, said Monday it has invested in Europe’s largest fast electric vehicle (EV) charging service provider to further push up sales of its battery-powered cars in the continent. The group, which owns Hyundai Motor Co. and Kia Motors Corp., signed a deal [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they’ve sold more than 44,000 electric vehicles (EVs) in the first half of the year, becoming the fifth-largest EV sellers in the world. South Korea’s two largest carmakers under Hyundai Motor Group sold a combined 44,838 EVs in [...]
SEOUL, Sept. 8 (Korea Bizwire) — Chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle battery makers — are expected to meet later this month to make a breakthrough in their legal standoff over EV battery patents, industry sources said Saturday. LG Chem CEO Shin Hak-cheol and SK [...]