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 [...]
SEOUL, Aug. 1 (Korea Bizwire) — The most important factor that consumers consider when buying an electric vehicle (EV) is the distance one can drive on a fully charged battery, also known as the vehicle’s range. According to a survey of 4,000 consumers conducted by SK Encar, a used car platform, 49.5 percent of the [...]
YEONGGWANG, Jul. 29 (Korea Bizwire) — South Korea’s first electric vehicle (EV) battery recycling firm will be established in Yeonggwang Country, South Jeolla Province. County officials announced on Saturday that the construction project for the new recycling center recently began in the Daema Industrial Complex, a regulation-free zone for the e-mobility industry. The center will [...]
JEJU, Jun. 25 (Korea Bizwire) — A new facility recently established on Jeju Island will recycle used batteries from electric vehicles (EVs). Jeju provincial government announced that an opening ceremony for the ‘Industrial Center for Electric Car Batteries’ will be held on Wednesday at Jeju Science Park. The center will be equipped with various facilities [...]