SEJONG, June 29 (Korea Bizwire) – Starting in the latter half of the year, the government will provide a tax rebate of up to 1 million won ($862) for new car purchases when car owners scrap their old diesel vehicles. It will also expand its investment in the eco-friendly sector, taking on projects such as [...]
SEOUL, June 14 (Korea Bizwire) – The Seoul Metropolitan Government will pursue plans to designate three percent of the city’s major public parking lots to electric vehicles (EVs). The plan was brought forth after rising demand for institutional support such as the expansion of charging facilities and other EV-related incentives, amid the increasing prevalence of [...]
ULSAN, June 2 (Korea Bizwire) – The Ulsan National Institute of Science and Technology (UNIST) revealed its ‘Smart Urban Vehicle Project’ Thursday, part of efforts to develop an electric vehicle (EV) better suited for urban environments. The project, in coordination with Power Plaza – an EV manufacturer, aims to create a smaller and a lighter [...]
SEOUL, June 1 (Korea Bizwire) – Hybrid or electric-powered cars could be much more dangerous to pedestrians than traditional vehicles because of their silence, a report said Wednesday. According to the report by Hyundai Marine & Fire Insurance Co., walkers are 1.6 times more likely to be run over by a quiet hybrid or electric car than [...]
SEOUL, May 25 (Korea Bizwire) – Hyundai plans to develop a new EV that can travel over 400km on a single charge. According to an industry official, Hyundai is currently developing EVs that can travel over 320km (by 2018) and 400km (by 2020) on a single charge. The current Hyundai Ioniq is expected to be [...]
SEOUL, May 10 (Korea Bizwire) – Silence is golden, a wise man once said. Mini electric vehicles (EV) that are both free from noise and air pollution will soon be delivering midnight snacks to your doorstep. According to the Seoul Metropolitan Government, the city will put the Twizy, an ultra-mini EV from Renault Samsung, to [...]
SEOUL, April 14 (Korea Bizwire) – Samsung SDI Co., a major chemical unit under the country’s top conglomerate Samsung, said Thursday that it plans to spend around 1 trillion won (US$875 million) this year on beefing up its electric vehicle (EV) battery business. Samsung SDI said it plans to spend 975 billion won this year [...]
SEOUL, March 21 (Korea Bizwire) – Consumers are taking an increasing interest in electric vehicles after the International Electric Vehicle Expo (IEVE) was recently held on Jeju Island. While more Koreans are looking into purchasing an electric vehicle, the amount of financial support provided by local governments differs greatly, making the purchasing process somewhat unfair. [...]
JEJU, March 18 (Korea Bizwire) – An international expo for electric vehicles kicked off in South Korea on Friday with major automakers showcasing their latest EV models and holding a series of meetings to share their views on the current and future technologies for eco-friendly vehicles. The 3rd International Electric Vehicle Expo (IEVE) began on [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s leading chemicals and electric vehicle battery maker LG Chem Co. and its local rival Samsung SDI Co. have outpaced global players in terms of strategy and execution in the electric vehicle (EV) battery industry, a report showed Monday. In a survey on eight EV battery manufacturers, LG [...]