SEOUL, Nov. 14 (Korea Bizwire) — General Motors Co. said Saturday it has decided to recall electric vehicles equipped with batteries made by South Korean producer LG Chem Ltd. due to safety concerns. The recall covers the Bolt EV produced from 2017 to 2019, installed with LG Chem’s batteries made from Ochang, 120 kilometers south [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will work with Singapore’s national utility SP Group to promote electric vehicles and establish charging infrastructure in the Southeast Asian country. Hyundai Motor has signed a business cooperation agreement with SP Group to supply its electric vehicles to Singapore and seek [...]
SEOUL, Nov. 9 (Korea Bizwire) — In line with the increasing prevalence of eco-friendly cars, the South Korean government has decided to strengthen inspection standards for electric vehicles (EVs). The Ministry of Land, Infrastructure and Transport will make an advance legislation notice about the revision of the Enforcement Regulation of the Automobile Management Act by [...]
SEOUL, Oct. 30 (Korea Bizwire) – South Korea on Friday unveiled its master plan to further the electric vehicles (EV) and hydrogen fuel cell automobile sector by expanding the number of charging stations while making such cars more affordable for the people. Under the blueprint, the country will increase the number of accumulated sales of [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea on Monday eased regulations to allow for environment friendly ways to utilize used batteries from electric vehicles. The approval came as the number of scrapped EV batteries is anticipated to increase sharply down the road with the country’s green energy drive, which centers on promoting EVs and [...]
SEOUL, Oct. 18 (Korea Bizwire) — Tesla Motors Inc. posted explosive sales growth in South Korea this year on the back of growing appetite for electric vehicles and fat subsidies, industry data showed on Sunday. Tesla sold a total of 10,518 vehicles here from January to September, accounting for a whopping 79.6 percent of the [...]
SEOUL, Oct. 13 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Tuesday that it has signed a deal to supply half shafts to Vietnamese startup VinFast next year for its first electric vehicles. The auto parts to be built by Erae Automotive Systems Co., a small South Korean auto parts [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Group emerged to become the world’s fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea’s top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over [...]
SEOUL, Sept. 28 (Korea Bizwire) — Prices of domestic electric vehicles (EVs) are gaining attention following Tesla Motors Inc.’s recent announcement that it will come up with a new EV model that costs as little as US$25,000 within the next three years. Experts expect that domestic EV manufacturers will need at least four or five [...]
SEOUL, Sept. 16 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker, said Wednesday it will raise the sales ratio of electric vehicles to 25 percent by 2029 by launching dozens of new models in global markets. Kia has sold more than 100,000 units of the Ray, Soul and Niro EV since 2011. “The [...]