SEOUL, Feb. 25 (Korea Bizwire) — Seoul’s Seongdong District announced Monday that it has introduced new charging stations for electric vehicles (EVs) which can be installed at one-seventh of the typical cost. The new charging stations were set up at 64 parking spots in a local public parking lot on February 19. The charging stations [...]
SEOUL, Jan. 25 (Korea Bizwire) — Hyundai Motor Co. said Saturday it will produce hydrogen fuel-cell electric commercial vehicles in its Chinese plant to make inroads into the local electric vehicle market. In the China EV100 Forum held in Beijing from Jan. 10-12, Executive Vice President Lee In-cheon, head of Hyundai’s Commercial Vehicle Business Division, [...]
SEOUL, Jan. 14 (Korea Bizwire) — Subsidies offered by different levels of government to prompt the sales and expand the supply of electric vehicles (EVs) are being abused. This is because the subsidy provided per EV paid by local governments is different, and the number of vehicles supported is different. Therefore, a growing number of [...]
SEOUL, Dec. 9 (Korea Bizwire) — Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.’s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea on Thursday announced a plan to cut the production costs of hydrogen to about a third of current costs by 2040 in a move to make it a viable alternative to the fossil fuels blamed for global warming. The road map — outlined at the latest science-technology [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s exports of eco-friendly cars have soared by more than 40 percent on-year in 2019, mainly on the back of the popularity of subcompact SUVs, data showed Sunday. Local carmakers exported a combined 180,933 eco-friendly autos, such as electric vehicles (EVs), during the January-September period, up 41.8 percent [...]
SEJONG, Oct. 4 (Korea Bizwire) — The government offers subsidies when citizens decide to buy eco-friendly vehicles. However, 3 out of every 10 government-supported vehicles are second cars. In an annual parliamentary audit conducted by the Ministry of Environment Wednesday, Rep. Jeon Hyun-hee of the ruling Democratic Party said that the public tends to have [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK Siltron Co., a semiconductor material producer under SK Group, said Tuesday it will acquire DuPont’s wafer business as part of efforts to beef up its advanced material business. SK Siltron said its board members approved a plan to purchase DuPont’s silicon carbide (SiC) wafer business for US$450 million. [...]
SEOUL, Aug. 13 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. on Tuesday launched the Model 3 in South Korea as it strives to absorb a growing appetite for all-electric vehicles (EVs) here. The Model 3 sells at the starting price of 52 million won (US$43,000) without the central government’s subsidy worth 9 million won. [...]
SEOUL, Jul. 21 (Korea Bizwire) — Sales of environment-friendly cars in South Korea jumped 30 percent in the first six months of the year on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environmentally friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, sold [...]