SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]
SEOUL, May 26 (Korea Bizwire) — While sales of imported cars, led by U.S. electric carmaker Tesla Motors Inc.’s Model 3, have jumped, Korean-made electric vehicles (EVs) are being sidelined. The Korea Automobile Manufacturers Association and Korea Automobile Importers & Distributors Association reported a 40.1 percent increase in EV sales between January and April compared [...]
SEOUL, May 13 (Korea Bizwire) — The heirs apparent of South Korea’s top two family-run conglomerates had a rare meeting Wednesday to discuss possible cooperation in the electric vehicle (EV) business. Samsung Group Vice Chairman Lee Jae-yong exchanged views on Samsung’s development of new all-solid-state battery technology and its future with Hyundai Motor Group Executive [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it plans to launch a new large-size electric vehicle next year to absorb rising demand for environment-friendly vehicles. Hyundai Motor recently explained the planned launch of the electrified model, with the project name of NE, and its production [...]
SEOUL, May 7 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, overtook Japan’s Panasonic to become the largest supplier of electric vehicle (EV) batteries for the first time, data showed Thursday. Based on the global usage of EV batteries, LG Chem’s market share stood at 27.1 percent in the first quarter, up [...]
WASHINGTON, March 31 (Korea Bizwire) — Siemens AG CEO Joe Kaeser and other key speakers, sponsors and exhibitors from the entire electric drive supply chain, including R&D experts, leading manufacturers, top industry executives and government partners, are slated to participate in the 33rd Electric Vehicle Symposium and Exposition (EVS33), scheduled for June 14 thru 17, [...]
SEOUL, March 5 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. is speeding up expansion in the South Korean market for electric vehicles (EVs) with its Model 3. The Ministry of Land, Infrastructure and Transport reported that Tesla sold 1,433 cars last month, setting a new monthly sales record in South Korea since it joined [...]
SEOUL, Feb. 25 (Korea Bizwire) — Seoul’s Seongdong District announced Monday that it has introduced new charging stations for electric vehicles (EVs) which can be installed at one-seventh of the typical cost. The new charging stations were set up at 64 parking spots in a local public parking lot on February 19. The charging stations [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday their combined electric vehicle (EV) sales exceeded Volkswagen’s EV sales in global markets last year. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, sold a total of 126,406 electric vehicles in 2019, higher than [...]
SEOUL, Feb. 4 (Korea Bizwire) — The market for electric vehicle (EV) charging stations has been feared by many as an unyielding, unpredictable business, but not for long. The government recently vowed to make the market more accessible for business, and sales and exports of electric vehicles have been on the rise in recent months. [...]