SEOUL, Jan. 20 (Korea Bizwire) — Diesel-powered vehicles, which once led the imported cars market in South Korea, are now being increasingly replaced by electric vehicles (EVs) or other eco-friendly vehicles. Carisyou Data Lab reported that among 286,722 imported cars sold last year, 52,318 (18 percent) were diesel cars. It is the first time in [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea plans to double the number of electric and hydrogen vehicles on its roads next year as part of efforts to achieve its goal of net zero carbon emission by 2050. The government will seek to bring up the number of electric and hydrogen cars in use to [...]
SEOUL, Nov. 30 (Korea Bizwire) — Buyers of electric vehicles (EVs) who are waiting for delivery after signing purchase contracts are on edge due to delayed delivery amid the possibility of a reduction in EV subsidies. The Ministry of Environment set next year’s EV distribution target at 235,000 units, twice as high as this year’s [...]
SEOUL, Nov. 23 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Tuesday it and a smaller domestic partner will supply half shafts for electric vehicles (EV) to Rivian Automotive Inc. POSCO International and Erae AMS have won the 145 billion won (US$122 million) order to supply the [...]
SEOUL, Nov. 15 (Korea Bizwire) — Sales of electric vehicles (EVs) in South Korea almost doubled in the first three quarters of this year from a year earlier, ranking seventh in the world, data showed Monday. A total of 71,006 EVs were sold in Asia’s fourth-largest economy in the January-September period, up 96 percent from [...]
SEOUL, Nov. 4 (Korea Bizwire) — While overall sales in the global automotive industry have plummeted, demand for imported electric vehicles (EVs) among South Korean consumers continues to grow, with no signs of the market cooling down. One-third of electric cars sold through the third quarter this year were imported cars, with Tesla Inc. leading [...]
SEOUL, Oct. 25 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will help Indonesia establish the infrastructure for electric vehicles as part of its expansion strategy. Hyundai Motor Group Chairman Euisun Chung said the company will help Indonesia in activating the EV ecosystem and make the EV industry a future growth driver. [...]
SEOUL, Sept. 27 (Korea Bizwire) — As more electric vehicles (EVs), both new and old, are being sold locally, South Korea is seeing a higher number of EV recalls caused by various defects. Rep. Park Sang-hyuk of the ruling Democratic Party said that 90,746 EVs were recalled last year, according to a report from the [...]
SEOUL, June 16 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it has partnered with U.S. ride-hailing company Uber Technologies Inc. to supply its electric vehicles in Europe. The strategic partnership is aimed at promoting the adoption of EVs and the expansion of the EV charging infrastructure in major European cities, Kia [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Electric & Energy Systems Co.(HE) said Wednesday that it has signed initial deals with local operators of charging stations for electric vehicles (EV) to provide electricity. Under the deals, HE will provide electricity collected from operators of renewable energies, such as solar energy, to EV charging station operators, [...]