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S. Korea to Overhaul Subsidy Scheme for EV Cars

S. Korea to Overhaul Subsidy Scheme for EV Cars

SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s environment ministry said Sunday that it will revamp a subsidy scheme for electric vehicles (EVs), with the current proposal centering on excluding high-priced EVs from the subsidy recipients. The country’s fat subsidies for EVs have been a major contributor to the popularity of eco-friendly cars. The overhaul [...]

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

SEOUL, Aug. 5 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Wednesday it will expand production capacity of cathodes, a key component for electric vehicle (EV) batteries. POSCO Chemical said the move will boost its annual production capacity of cathodes to 70,000 tons by 2022, which is [...]