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 [...]
SEOUL, Sept. 2 (Korea Bizwire) — The government plans to develop standards to prevent data error between an electric vehicle (EV) and a recharging station as new technology has enabled a single charger to recharge two EVs simultaneously. The Korean Agency for Technology and Standards (KATS) will hold the 2019 Electric Vehicle Interoperability Testival, a [...]
SEOUL, Aug. 30 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Friday it will file lawsuits against its local rival LG Chem Ltd. and LG Electronics Inc. in the United States for patent infringement over EV battery technology. SK Innovation said it plans to file lawsuits [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will develop 17 commercial electric vehicles by 2025 in the latest move to meet growing demand for environmentally friendly cars. Hyundai Motor plans to add seven all-electric and 10 hydrogen fuel-cell electric models to its commercial car lineup, the company said in a [...]
ULSAN/SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis Co. kicked off construction of a major electric vehicle parts plant in Ulsan on Wednesday, which President Moon Jae-in hailed as a significant move in South Korea’s drive to prod local conglomerates to expand facility investment at home. The country’s biggest auto parts maker plans to invest [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major battery makers are striving to secure key materials for electric vehicle (EV) batteries, with demand for cathode metals spiking in line with the EV battery sector’s sharp growth, industry watchers said Monday. According to market tracker SNE Research, 112,000 tons of cathode materials were used in [...]
SEOUL, Aug. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top electric vehicle (EV) battery maker, has signed a deal with an affiliate of China’s largest lithium producer to secure a key material used for EV batteries, industry sources said Friday. According to the sources, LG Chem inked the deal to secure lithium hydroxide [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Thursday it has completed the construction of a facility in China to produce cathode material, a key component for electric vehicle (EV) batteries. POSCO said its joint venture with Huayou Cobalt, China’s largest cobalt producer, in Tongxiang, Zhejiang Province of China, will begin [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Tuesday it plans complete the development of a battery recycling technology by the end of this year to beef up its competitiveness in the industry. SK Innovation said it is working to find solutions to [...]