SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Dec 21 (Korea Bizwire) – Beginning next year, the government will increase its level of subsidies given to electric vehicle buyers while extending the time limit for tax benefits by 2017. It will also support the auto industry to improve its EV capabilities so that the electric cars can drive up to 300 kilometers [...]
SEOUL, Aug. 8 (Korea Bizwire) – A light-weight electric pick-up truck will be provided to Jeju residents as the first-ever electric truck model for the commercial use in the volcanic island in Korea’s south. Power Plaza, the provider of the electric truck called Peace, announced on August 6 that the provincial government included the electric truck [...]
SEOUL, Korea, Mar 27 (Korea Bizwire) – The age of electric cars is on its way. More EV (Electric Vehicle) choices have become available; government subsidies have been increased; and more charging stations are being established. Last year, about 715 EVs are sold in Korea. In 2014, more than 1,200 EVs are estimated to be [...]
SEOUL, Korea, Mar 23 (Korea Bizwire) — In a situation where it is still hard to find recharging stations for electric vehicles, car makers are rushing to introduce electric cars that can be recharged at home with 220-volt plugs. The Soul EV launched on March 11 offers a plug-in cable for home recharging. The Nissan [...]