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, Nov. 11 (Korea Bizwire) — South Korean exports of electric vehicles (EVs) more than doubled in the first 10 months of this year on brisk demand from advanced markets, data showed Monday. The country’s overseas shipments of EVs were valued at US$2.57 billion in the January-October period, up a whopping 103.3 percent from a [...]
SEOUL, Oct. 24 (Korea Bizwire) — Renault S.A on Thursday began to export the Twizy electric car produced in South Korea to help revive sales of its Korean unit. In October, Renault Samsung Motors Corp. started the Twizy’s production at its sole plant in Busan, and the first batch of 142 Twizys will be shipped [...]
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. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest automotive group, said Monday it has invested in Europe’s largest fast electric vehicle (EV) charging service provider to further push up sales of its battery-powered cars in the continent. The group, which owns Hyundai Motor Co. and Kia Motors Corp., signed a deal [...]
SEOUL, Sept. 2 (Korea Bizwire) — The government plans to develop standards to prevent data error between an electric vehicle (EV) and a recharging station as new technology has enabled a single charger to recharge two EVs simultaneously. The Korean Agency for Technology and Standards (KATS) will hold the 2019 Electric Vehicle Interoperability Testival, a [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will develop 17 commercial electric vehicles by 2025 in the latest move to meet growing demand for environmentally friendly cars. Hyundai Motor plans to add seven all-electric and 10 hydrogen fuel-cell electric models to its commercial car lineup, the company said in a [...]
ULSAN/SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis Co. kicked off construction of a major electric vehicle parts plant in Ulsan on Wednesday, which President Moon Jae-in hailed as a significant move in South Korea’s drive to prod local conglomerates to expand facility investment at home. The country’s biggest auto parts maker plans to invest [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Thursday it has completed the construction of a facility in China to produce cathode material, a key component for electric vehicle (EV) batteries. POSCO said its joint venture with Huayou Cobalt, China’s largest cobalt producer, in Tongxiang, Zhejiang Province of China, will begin [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) battery makers are expected to face fierce competition in Europe in the upcoming years as European companies are ramping up efforts to expand their clout in the fast-growing sector, a trade organization here said Wednesday. LG Chem Ltd., Samsung SDI Co., and SK Innovation [...]