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S. Korea’s Rechargeable Battery Exports Gain for 5th Year in 2020

S. Korea’s Rechargeable Battery Exports Gain for 5th Year in 2020

SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won (US$6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry [...]

Hyundai Motor Expands ‘Visiting Charging Service’ for EV Customers

Hyundai Motor Expands ‘Visiting Charging Service’ for EV Customers

SEOUL, Jan. 14 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand the operation of the ‘visiting charging service’ for its electric vehicle (EV) customers. This service is available when EV batteries are discharged during driving-on status or when customers have difficulty going to charging stations. Hyundai staff visit the location at the [...]

High-end EVs Priced Over 90 mln Won Excluded from Subsidies

High-end EVs Priced Over 90 mln Won Excluded from Subsidies

SEOUL, Jan. 5 (Korea Bizwire) — Starting this year, high-end electric vehicles (EVs) that cost more than 90 million won (US$82,800) will be excluded from government subsidies. The Ministry of Environment announced Monday a new subsidy policy that will soon come into effect. The government has provided new criteria for electric vehicle subsidies based on [...]

KAIST Develops Hybrid Lithium Ion Battery that Enables Rapid Charging

KAIST Develops Hybrid Lithium Ion Battery that Enables Rapid Charging

DAEJEON, Dec. 4 (Korea Bizwire) — A research team affiliated with the Korea Advanced Institute of Science & Technology (KAIST) announced on Thursday that it had developed a new hybrid lithium-ion battery that enables rapid charging within seconds. Despite having a high energy density, existing lithium-ion batteries have shortcomings such as bulky size and long [...]