HONGCHEON, July 17 (Korea Bizwire) — Audi Korea said it plans to launch more all-electric vehicles to fill 35 percent of its lineup with the emission-free models by 2030 amid rising demand for environment friendly cars. Early this month, the German carmaker launched the e-tron 55 quattro sport utility vehicle, its first fully electric model, [...]
SEOUL, July 15 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their standings sharply rise in global electric vehicle sales in the January-May period, a market research firm said Wednesday. Hyundai Motor ranked sixth in EV sales in the first five months from ninth in the year-ago period, while Kia’s [...]
SEOUL, July 14 (Korea Bizwire) — Hyundai Motor Group said Tuesday it aims to achieve a market share of over 10 percent in the global electric vehicle (EV) market in 2025 by investing more in future mobility and introducing more EV models. In his televised briefing on the carmaker’s EV road map to President Moon [...]
SEOUL, July 14 (Korea Bizwire) — Is it an attempt to evade car acquisition taxes, or to offer more choices to customers? U.S. electric carmaker Tesla Motors Inc. allows customers to purchase Full Self-Driving (FSD) systems priced at 9 million won (US$7,500) even after the customers buy a non-FSD model. Purchasing a separate option after [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced on Tuesday that it has developed Plug and Charge technology that enables automatic user certification and payment once a charging plug is inserted into an electric vehicle (EV). This technology ensures simple and automatic charging for EVs without the [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Group’s heir apparent met with the head of LG Group in the latest move to discuss cooperation in the electric vehicle (EV) battery business, Hyundai Motor said Monday. Hyundai Motor Group Executive Vice Chairman Chung Euisun and LG Group Chairman Koo Gwang-mo discussed how to cooperate on [...]
SEOUL, June 19 (Korea Bizwire) — The heads of Hyundai Motor Group and LG Group, South Korea’s two major conglomerates, will meet next week to discuss expanded cooperation in the electric vehicle business, a person familiar with the matter said Friday. Hyundai Motor Group Executive Vice Chairman Chung Euisun is set to discuss an expanded [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Tuesday their combined electric vehicle sales jumped 58 percent in the January-May period from a year earlier on demand from Europe. Hyundai and Kia sold 40,182 all-electric vehicles in the first five months, up from 25,454 units in the [...]
SEOUL, May 13 (Korea Bizwire) — The heirs apparent of South Korea’s top two family-run conglomerates had a rare meeting Wednesday to discuss possible cooperation in the electric vehicle (EV) business. Samsung Group Vice Chairman Lee Jae-yong exchanged views on Samsung’s development of new all-solid-state battery technology and its future with Hyundai Motor Group Executive [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it plans to launch a new large-size electric vehicle next year to absorb rising demand for environment-friendly vehicles. Hyundai Motor recently explained the planned launch of the electrified model, with the project name of NE, and its production [...]