SEOUL, Apr. 4 (Korea Bizwire) — SK Innovation Co., a latecomer to the electric vehicle battery market, joined the ranks of the world’s top 10 players in terms of sales, industry data showed Thursday. According to the data by SNE Research, a market researcher on renewable energy, SK Innovation, also the country’s leading oil refiner, [...]
SEOUL, Mar. 27 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Wednesday that it will invest 430 billion won (US$380 million) to build a lithium-ion battery separator (LiBS) plant in Poland, in a bid to meet growing demand for electric vehicle batteries. The company, also a major EV battery maker, [...]
SEOUL, Mar. 18 (Korea Bizwire) — The British Embassy in Seoul said Monday that it will help carmaker Jaguar Land Rover’s promotion of its all-electric vehicle (EV) in South Korea amid rising demand for environmentally friendly cars. The British Embassy here kicked off a five-day “Green is Great” campaign in order to highlight areas of [...]
SEOUL, Mar. 8 (Korea Bizwire) — E-Mart Inc. announced its plans on Thursday to sell Twizy, an electric vehicle designed by Renault Samsung Motors Corp., at 25 of its stores across the country. Twizy is an urban compact two-seater that accounts for almost 80 percent of the market for small-sized electric vehicles in South Korea. [...]
SEOUL, Jan. 25 (Korea Bizwire) — Samsung SDI Co. said Friday that its fourth-quarter net earnings increased 10.8 percent from a year earlier on strong demand for its lithium-ion batteries used in cordless devices and electric vehicles (EVs). In a regulatory briefing, the battery-making unit of Samsung Electronics Co. said its income stood at 266 [...]
SEOUL, Jan. 22 (Korea Bizwire) — Owners of electric vehicles (EVs) will be able to charge their cars and get repair services at select gas stations operated by GS Caltex Corp., under an agreement with LG Electronics Inc., the companies said Tuesday. GS Caltex, South Korea’s No. 2 gas station operator, signed a memorandum of [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle (EV) battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge [...]
SEOUL, Dec. 13 (Korea Bizwire) — A simple method to allow for the sale of electricity stored in electric car batteries is coming to South Korea. The Ministry of Trade, Industry and Energy announced on December 12 that it had completed a revision enforcement decree to electric utility legislation and was introducing the so-called ‘Small-scale [...]
SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Motor Group and its suppliers will collectively invest 7.6 trillion won (US$6.7 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030, the company said Tuesday. Under the so-called hydrogen road map, the business group and 124 partner companies will invest in a plant [...]
SEOUL, Nov. 28 (Korea Bizwire) — Renault Samsung Motors Corp. said Wednesday it will provide more Twizy ultracompact electric cars to a local car sharing service, a move to strengthen its leading stance as an electric vehicle maker. Renault Samsung will gradually supply another 45 Twizy models to the LH Happiness car-sharing service available at [...]