SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s Samsung SDI Co. will supply its electric-vehicle batteries to Volkswagen’s new 2017 e-Golf, an industry source said Wednesday. “The new e-Golf equipped with a Samsung battery will go on sale in global markets this spring,” the source told Yonhap News Agency. Samsung SDI and LG Chem Ltd. [...]
SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s SK Innovation Co. halted operation of its battery packing plant in China in January as its business suffered in the face of Beijing’s move to stop a subsidy to electric vehicle makers that use parts from non-Chinese manufacturers, sources said Wednesday. Orders for the joint venture between [...]
SEOUL, March 17 (Korea Bizwire) – Renault Samsung Motors is launching its two-seat (or single-seat) electric vehicle Twizy in June, pledging to sell 1,000 units by the end of the year. First unveiled as a concept car in 2009, the vehicle has a single-charge travel distance of 100 kilometers and a maximum speed of 80 [...]
GOYANG, South Korea, Feb. 27 (Korea Bizwire) – Hyundai Motor Company unveiled its Ioniq plug-in hybrid electric vehicle (PHEV) Monday, completing its trio of Ioniq vehicles. The Ioniq Hybrid was introduced in January of last year, and the Ioniq Electric followed two months later. The new PHEV model uses both an internal combustion engine and [...]
MENLO PARK, Calif., Feb. 23 (Korea Bizwire) — Dubuc Motors, the company behind the Tomahawk – the world’s first 2+2 electric sports car, announced today the launch of the live offering phase of its equity crowdfunding campaign after the qualification of its filing with the Securities and Exchange Commission (SEC). The company revealed its electric [...]
SEJONG, Feb. 13 Korea Bizwire) – The Ministry of Land, Infrastructure and Transport announced Monday a set of plans for the local automotive industry from 2017 to 2021 to better prepare South Korea for the imminent era of autonomous vehicles. According to the ministry, demand for safer vehicles will only increase given Korea’s rapidly aging [...]
SEOUL, Nov. 22 (Korea Bizwire) – Chinese electric vehicle maker BYD Co. has set up a corporate body in South Korea, according to a court document Tuesday, heralding its full-fledged operation in the country in the near future. BYD Co. set up BYD Korea Co. Ltd. on Oct. 25, with the office headquartered on the [...]
SEOUL, Nov. 17 (Korea Bizwire) – Electric vehicles (EVs) are expected to get wider distribution through rental and car sharing services, bolstered by a government-industry agreement, auto business officials said Thursday. The Environment Ministry and car rental companies struck a pact Wednesday to promote the use of eco-friendly vehicles. The rental firms will provide contracts [...]
BUSAN, Oct. 10 (Korea Bizwire) – Renault Samsung Motors, a local subsidiary of Groupe Renault, announced Monday that it will host the 2016 Busan Eco-Rally. During the race, participants will drive around the city in SM3 Z.E. vehicles, the automaker’s full-electric sedan, engaging in various environmentally-friendly missions such as doing dishes using as little water [...]
JEJU, South Korea, Oct. 5 (Korea Bizwire) – The Jeju provincial government announced Tuesday the coming of ‘EV Generation 2.0’ that will now focus on culture, tourism, infrastructure, and the environment, as part of its efforts to nurture the island’s EV industry. According to the government, EVs on Jeju now account for more than 1 [...]