SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp.’s electric vehicle (EV) sales rose 5.9 percent in the United States during the January-June period from a year earlier amid accelerating electrification, an industry association said Sunday. Hyundai and Kia sold a combined 46,826 EV models in the first half [...]
SEOUL, July 20 (Korea Bizwire) — Chinese electric vehicles (EVs) are expanding their presence in South Korea, particularly in the commercial vehicle market. The number of imported commercial vehicles registered in the first half of this year totaled 4,563 units, with Chinese vehicles accounting for 1,451 units, according to local market tracker CarIsYou. Shineray’s electric [...]
SEOUL, June 30 (Korea Bizwire) — Despite a number of highly-publicized electric vehicle (EV) fires, the actual number of incidents involving fires and explosions in EVs is actually lower than that among non-EVs, data showed Thursday. According to a data analysis conducted by the Korea Insurance Development Institute (KIDI), the number of accidents caused by [...]
SEOUL, June 29 (Korea Bizwire) — The National Fire Agency has announced that the revised enforcement regulations of the Hazardous Material Safety Management Act, with a focus on relaxing standards for the installation of electric vehicle (EV) charging facilities at gas stations, will take effect on Thursday. The existing enforcement regulations stipulated that EV chargers [...]
SEOUL, June 22 (Korea Bizwire) — Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it is in talks with the South Korean government to manufacture electric vehicles (EVs) at its sole Busan plant amid carmakers’ accelerating electrification push. Busan Mayor Park Heong-joon met with Renault Executive Vice President Guido Haak in [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it will invest 109.4 trillion won (US$85.4 billion) by 2032 to secure a leading position in the global future mobility market, while aiming to sell 2 million all-electric models by 2030. Hyundai Motor’s investment plans and EV sales target are up from [...]
SEOUL, June 20 (Korea Bizwire) — The share of imported cars in South Korea’s electric vehicle (EV) market has far exceeded that in the market for internal combustion engine (ICE) cars. The number of electric cars sold in the domestic market until last month reached a total of 450,731 units and of this total, domestically [...]
SEOUL, June 16 (Korea Bizwire) — Rolls-Royce Motor Cars on Friday unveiled the brand’s first all-electric Spectre model in South Korea as it sees further room to grow in Asia’s fourth-biggest economy. South Korea is the first country for the British carmaker to introduce the battery-powered model among Asia-Pacific countries, Rolls-Royce said in a statement. [...]
SEOUL, May 30 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16 percent of Kia’s sales target of 578,000 vehicles in Europe this year, the [...]
SEOUL, May 16 (Korea Bizwire) — Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. “More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an investment to expand its plant and produce two KIA car models,” Samuel [...]