JEJU, Sept. 17 (Korea Bizwire) – Jeju has set a concrete roadmap to be world’s first electric vehicle (EV)-only island by 2030 with the announcement of a long-term comprehensive plan. The island off the southern tip of the Korean peninsula is seeking to become carbon-free by 2030, and to achieve this vision, it will replace all of [...]
YEOJU, Jun. 25 (Korea Bizwire) — Yeoju has established four EV charging stations in Yeoheung-dong, Jungang-dong, Ohak-dong and at the city hall, as part of its plan to create an EV friendly environment in the city. Anyone can use the stations for free, and the full charging time is 4 to 5 hours. The city has [...]
SEOUL, Jun. 15 (Korea Bizwire) — The Korean government will spend 5 billion won (US$ 4.48 million) on Korean SMEs to develop three-wheeled mini EVs until 2016, according to an announcement on June 14. The Ministry of Trade, Industry and Energy (MOTIE) already initiated a 7 billion won (US$ 6.28 million) project last year to develop [...]
SEOUL, May 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical and battery maker, said Sunday that it has signed a deal to supply electric vehicle batteries to a major SUV company in China. Under the deal signed with Great Wall Motor, LG Chem will supply batteries for plug-in electric SUV models that [...]
SEOUL, May 6 (Korea Bizwire) — While there are now 665,000 EVs in operation around the world, Korea is only home to about 3,000, representing a miniscule 0.45 percent of the global total in 2014, according to a report by IEA and the Ministry of Trade, Industry and Energy. Although the Korean government is planning [...]
SEOUL, May 4 (Korea Bizwire) – LG Electronics presents its main EV components at the 28th International Electric Vehicle Symposium & Exhibition (EVS28) from May 3 to 6. The company exhibits its e-PT (electric PowerTrain), drive units and compressors, including its B-ISG, a 48V Belt-Integrated Starter and Generator that is a leap forward from the company’s [...]
ILSAN, South Korea, May 4 (Korea Bizwire) – An international conference on electric cars and the related technology kicked off on Monday with experts and officials of major carmakers gathering to discuss how the electric car market will be shaping up in the future, organizers said. The International Electric Vehicle Symposium (EVS), first held in 1969, [...]
JEJU, April 7 (Korea Bizwire) – A special call center dedicated to electric vehicle drivers was set up in Jeju to help solve EV-related complaints in the province. On April 6, Jeju Self-governing Province opened the EV Call Center to offer EV-related information such as road side service, and reports related to charging station malfunctions. EV drivers [...]
JEJU, March 18 (Korea Bizwire) — It isn’t too far fetched to say that Jeju Island‘s attempt at promoting itself as a test bed for the newly-rising electric vehicle (EV) industry has caught on, at least in terms of demonstrating the zeal to realize its ambitious plans. The second International Electric Vehicle Expo (IEVE) on the [...]
SEOUL, March 13 (Korea Bizwire) – In the near future, it will be possible to resell electricity stored in an electric vehicle’s battery to the grid. As EV users can charge their vehicles at a lower cost at night, they can make money by reselling the stored electricity at a higher cost during the day. [...]