SEOUL, Feb. 14 (Korea Bizwire) – Hyundai Motor Co. said Friday it will accept preorders for a custom-built high-performance edition of the company’s Ioniq 5 electric vehicle (EV), of which only 50 units will be sold globally. Preorders for the Ioniq 5 N DK edition are available via the automaker’s N Performance Shop, an online [...]
SEOUL, Feb. 11 (Korea Bizwire) – With the recent entry by China’s BYD Co. into South Korea’s passenger electric vehicle (EV) market, concerns have been raised over potential personal data leaks to China through the vehicles manufactured by the company, industry observers said Tuesday. The security risks of private data leaks to China emerged following [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. said Monday it plans to release an off-road themed variant of the Casper Electric, the company’s entry-level electric vehicle (EV), in South Korea this week. The Casper Electric Cross retains the core design identity of the original model, known as Inster Electric overseas, introduced last year, [...]
SEOUL, Feb. 7 (Korea Bizwire) – Hyundai Motor Co. will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday. According to the sources, Hyundai Motor will halt operations of Line 12 at its Ulsan Plant 1 in South [...]
SEOUL, Feb. 3 (Korea Bizwire) - Hyundai Motor Co. said Monday it has started accepting preorders for the Ioniq 9, the automaker’s first large electric sport utility vehicle (SUV), in South Korea. The Ioniq 9 is equipped with a 110.3 kilowatt-hours (kWh) battery, offering a maximum driving range of 532 kilometers per charge for the [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s three major battery makers likely made all-time-high investments in research and development (R&D) activities last year despite a slowdown in electric vehicle sales, industry sources said Wednesday. LG Energy Solution Ltd. (LGES), Samsung SDI Co. and SK On are estimated to have invested more than 2.5 trillion [...]
CHANGWON, Jan. 15 (Korea Bizwire) — Korea Electrotechnology Research Institute (KERI) has announced the development of a high-efficiency, flexible metal fiber fabric heating element, potentially revolutionizing electric vehicle (EV) interior heating systems. The research team, led by Dr. Dong-Yoon Lee, unveiled this innovation on January 14, 2025. This technology aligns with Hyundai Motor Group’s 2022 [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s industry ministry said Wednesday the government will spend 1.5 trillion won (US$1.02 billion) this year to induce consumers to purchase electric vehicles (EVs). The move is aimed at revitalizing domestic demand for EVs amid sluggish sales driven by safety concerns and a lack of access to charging [...]
SEOUL, Jan. 13 (Korea Bizwire) — Chinese electric vehicle (EV) manufacturers, led by BYD, are intensifying efforts to enter the South Korean market in 2025, raising questions about their strategic motivations. Analysts suggest this move addresses China’s domestic overproduction while positioning South Korea as a testing ground for expansion into advanced markets. Industry insiders speculate [...]
SEOUL, Jan. 13 (Korea Bizwire) — Chinese electric vehicle (EV) manufacturers, led by global EV sales leader BYD, are preparing to enter the South Korean market in 2025, raising questions about their potential impact on the domestic auto industry. Experts remain divided on whether Chinese brands will struggle to gain traction or disrupt the market with [...]