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EV Buyers Get the Jitters amid Heightened Possibility of Reduction in Subsidies

EV Buyers Get the Jitters amid Heightened Possibility of Reduction in Subsidies

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 [...]

Kia to Sell Only EVs in Europe from 2035

Kia to Sell Only EVs in Europe from 2035

SEOUL, Nov. 11 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will sell only electric vehicles in Europe from 2035 and in other major markets from 2040 as it seeks to gradually phase out internal combustion-engine cars in global markets. Kia announced the 2045 carbon neutrality strategy as governments around the [...]

SES Unveils New Hybrid Lithium-metal Battery for EVs

SES Unveils New Hybrid Lithium-metal Battery for EVs

SEOUL, Nov. 4 (Korea Bizwire) — SES, a Singapore-based battery developer with investments from big South Korean companies, like SK Inc. and Hyundai Motor Co., unveiled Thursday its next-generation hybrid lithium-metal battery large enough to power a sedan or SUV with the aim of commercialization by 2025. The 107 amp-hour “Apollo,” showcased at a virtual [...]

Jeju Eyes Compensation System to Encourage Use of Residual Electricity for EV Charging

Jeju Eyes Compensation System to Encourage Use of Residual Electricity for EV Charging

JEJU, Oct. 1 (Korea Bizwire) — The municipality of the southern resort island of Jeju will introduce a compensation system to promote the use of overproduced and wasted renewable energy for electric vehicle (EV) charging. The the Jeju provincial government on Thursday signed a business agreement with the state-run energy firm Korea Electric Power Corp. [...]