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EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

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 [...]

30 pct of Eco-friendly Vehicles are Second Cars: Lawmaker

30 pct of Eco-friendly Vehicles are Second Cars: Lawmaker

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 [...]

Hyundai Motor Invests in Europe’s Largest Fast EV Charging Service Provider

Hyundai Motor Invests in Europe’s Largest Fast EV Charging Service Provider

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 [...]

Gov’t to Conduct Interoperability Tests on EVs to Prevent Data Error During Recharging

Gov’t to Conduct Interoperability Tests on EVs to Prevent Data Error During Recharging

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 [...]

Hyundai Mobis to Build New EV Parts Plant in Ulsan in ‘U-turn’ Investment

Hyundai Mobis to Build New EV Parts Plant in Ulsan in ‘U-turn’ Investment

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 [...]

POSCO Completes Cathode Plant in China

POSCO Completes Cathode Plant in China

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 [...]

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

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 [...]