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 [...]
SEOUL, Jun. 17 (Korea Bizwire) — A South Korean research institute said Monday that it has developed a technology to make solid-state batteries that are very compact and safe for use in next generation electric cars and energy storage systems (ESSs). The all-solid battery replaces the liquid electrolyte found between the positive and negative poles [...]
SEOUL, May 7 (Korea Bizwire) — SK Innovation Co., a latecomer to the electric vehicle battery market, joined the ranks of the world’s top 10 players in terms of sales during the first quarter of the year, industry data showed Tuesday. According to the data by SNE Research, a market researcher on renewable energy, SK [...]
SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has developed mobile tune-up technology for its upcoming electric vehicle models. The latest achievement is part of the South Korean automotive group’s efforts to evolve into a smart mobility solutions provider in the long term. Hyundai Motor Co. and Kia Motors Corp., two [...]