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Kakao Mobility to Subsidize Cost of Electric Taxis

Kakao Mobility to Subsidize Cost of Electric Taxis

SEOUL, March 5 (Korea Bizwire) — Kakao Mobility, the mobility business unit of Kakao Corp. is spurring efforts to promote the introduction of electric taxis. The company recently launched an ‘Electric Taxi Support Program’ for privately owned taxi drivers who want to join the company’s affiliated taxi service, Kakao T Blue. The existing members of [...]

Hyundai IONIQ 5 Set to Log Solid Sales

Hyundai IONIQ 5 Set to Log Solid Sales

SEOUL, Feb. 26 (Korea Bizwire) — Hyundai Motor Co.’s IONIQ 5 all-electric model is receiving strong responses in the domestic market, with its first-day preorders exceeding 23,000 units, the country’s top automaker said Friday. Hyundai started receiving orders for the IONIQ 5 midsize crossover utility vehicle Thursday well ahead of the model’s launch in the [...]

Hyundai to Replace Batteries in Some 82,000 Kona, Other EVs over Fire Risks

Hyundai to Replace Batteries in Some 82,000 Kona, Other EVs over Fire Risks

SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will replace batteries in some 82,000 Kona EV and two other electric vehicles sold globally due to potential fire risks, which could cost about 1 trillion won (US$899.7 million). Hyundai will begin the replacement of the battery management system (BMS) in 75,680 Kona [...]

Majority of S. Koreans Consumers Support Popularizing EVs for Environmental Protection

Majority of S. Koreans Consumers Support Popularizing EVs for Environmental Protection

SEOUL, Feb. 16 (Korea Bizwire) — With a string of new electric vehicles (EVs) being rolled out this year by major carmakers, a consensus is building up among South Korean consumers that the popularization of EVs should be promoted in order to protect the environment. Market research firm M-Brain Trend Monitor recently conducted a survey [...]