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 [...]
SEOUL, April 11 (Korea Bizwire) — Two Korean battery makers reached a long-awaited settlement on Sunday to resolve their bitter battery battle, clearing prolonged uncertainty in the face of toughening competition on multiple fronts amid the growing electric vehicle market. LG Energy Solution Ltd. and SK Innovation Co. said they have agreed to settle in [...]
SEOUL, April 9 (Korea Bizwire) — The government plans to install 32 350-kilowatt (kW) ultra-rapid electric vehicle (EV) chargers at rest areas along major highways where the demand for EV charging is high. After conducting field investigations for major highways, the Ministry of Environment selected 16 rest areas on eight highways including the Gyeongbu Expressway [...]
SEOUL, March 30 (Korea Bizwire) — Kia Corp. on Tuesday unveiled the EV6, its first all-electric model built on a dedicated platform that can travel over 500 kilometers on a single charge. In an online world premier event, South Korea’s No. 2 automaker showcased its crossover EV6 based on its parent Hyundai Motor Group’s electric [...]
SEOUL, March 23 (Korea Bizwire) — When starting an electric vehicle (EV) or driving it at a low speed, an audible engine sound is not generated, unlike for a typical internal combustion engine. This is regarded as one of the strengths of EVs, but poses a new challenge threatening the safety of pedestrians since they [...]
SEOUL, March 9 (Korea Bizwire) — Kia Corp. on Tuesday released a teaser for the EV6, its first dedicated all-electric model built on Hyundai Motor Group’s EV platform, ahead of its global unveiling later this month. Kia plans to launch seven all-electric models by 2027, and the EV6 is the first model of the planned [...]
SEOUL, March 8 (Korea Bizwire) — How long do you think three treadmills could operate if they were powered by Hyundai Motor Co.’s newest electric vehicle, the IONIQ 5? The South Korean auto giant recently unveiled a video in which Atletico Madrid, a Spanish football club that is officially sponsored by the company, carried out [...]
SEOUL, March 2 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the No. 2 supplier of electric vehicle (EV) batteries in the world in January after China’s CATL, a market research firm said Tuesday. LG Energy Solution, which spun off from LG Chem Ltd. in December last year, shipped 2.5 gigawatt-hour [...]