SEOUL, Aug. 23 (Korea Bizwire) — South Korean automaker Hyundai Motor Co.’s electric vehicle (EV) sales increased in the first half of the year compared with a year ago, but its global market share fell in the face of toughening competitions with Chinese rivals, industry data showed Monday. Hyundai Motor was in sixth place in [...]
SEOUL, July 30 (Korea Bizwire) — South Korea will begin notifying electric vehicle (EV) drivers of the availability of charging stations in late August. The Ministry of Environment (ME) signed an agreement with mobility companies Kakao Mobility and T Map Mobility on Thursday to introduce relevant features in Kakao Navigation and T map, the two’s [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s financial regulator said Wednesday that all of the nation’s insurance companies will start selling riders from early next month to offset the entire cost of replacing electric vehicle (EV) batteries. When EV batteries are damaged, partial repair is almost impossible. In most cases, accordingly, batteries need to [...]
SEOUL, July 12 (Korea Bizwire) — Imported electric vehicle sales jumped 65 percent in the first half compared with a year earlier despite an extended COVID-19 pandemic, industry data showed Monday. From January to June, the number of imported EV registrations jumped to 14,295 units from 8,681 in the year-ago period, according to the Korea [...]
SEOUL, May 24 (Korea Bizwire) — With U.S. electric vehicle (EV) maker Tesla Inc.’s sales in South Korea dwindling, Mercedes-Benz, Porsche and other foreign carmakers are surging amidst growing competitiveness in the market for EVs. The Korea Automobile Importers and Distributors Association and Carisyou Data Lab reported a 2 percent increase in EV imports, reaching [...]
SEOUL, May 18 (Korea Bizwire) — State-run utility Korea Electric Power Corp. (KEPCO) has teamed up with Kakao Mobility Corp., the country’s top taxi-hailing company, to provide a new electric vehicle (EV) charging service. The two parties recently signed a memorandum of understanding (MOU) to promote cooperation for the service development needed for the establishment [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. has launched a new service in which the company will pick up, charge and wash a customer’s electric vehicle (EV). The South Korea’s largest automaker said Monday that it launched the ‘pickup & charging’ service for owners of the IONIQ 5, Kona Electric and IONIQ Electric [...]
SEOUL, May 7 (Korea Bizwire) — As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle. Lithium-ion batteries, a key component that determines an EV’s driving range and performance, inevitably degrade with time [...]
SEOUL, May 3 (Korea Bizwire) — With the introduction of dedicated electric vehicles, Hyundai Motor Co.’s all-electric SUV Kona and other EVs derived from combustion engine-based vehicles are expected to be discontinued in line with slowing sales. The Korea Automobile Manufacturers Association reported that Hyundai produced only 7,731 Kona EVs for the first quarter this [...]
SEOUL, May 3 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said Monday. The trio — LG Energy Solution [...]