SEOUL, Oct. 4 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemicals and battery maker, said Sunday that it has signed a deal to supply lithium-ion (EV) batteries to golf carts made by Japan’s Yamaha Motors Company. Under the contract, LG Chem will supply Yamaha Motors with lithium-ion batteries for its golf carts starting [...]
SEOUL, Sept. 28 (Korea Bizwire) – Sales of the Soul EV by Kia Motors Corp., South Korea’s second-largest carmaker, ranked first in Germany’s electric vehicle market last month, industry data showed Monday. Kia Motors sold 360 units of the Soul EV last month in Germany, outperforming the A3 3-tron at 177 units and Tesla Model [...]
JEJU, Sept. 17 (Korea Bizwire) – Jeju has set a concrete roadmap to be world’s first electric vehicle (EV)-only island by 2030 with the announcement of a long-term comprehensive plan. The island off the southern tip of the Korean peninsula is seeking to become carbon-free by 2030, and to achieve this vision, it will replace all of [...]
SEOUL, Aug. 13 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, said Thursday it will work with Audi AG to produce the power pack for the German automaker’s new electric-powered sport utility vehicle (SUV), as it moves to expand into the automotive business. The two companies have signed a [...]
SONGDO, South Korea, July 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, plans to start selling its Sonata plug-in hybrid electric vehicle (PHEV) “in full swing” from next year, a high-ranking company official said Thursday. “The full-fledged sale of the Sonata PHEV will start from next year after the subsidy issue is [...]
YEOJU, Jun. 25 (Korea Bizwire) — Yeoju has established four EV charging stations in Yeoheung-dong, Jungang-dong, Ohak-dong and at the city hall, as part of its plan to create an EV friendly environment in the city. Anyone can use the stations for free, and the full charging time is 4 to 5 hours. The city has [...]
SEOUL, Apr. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) market is anticipated to expand more than fivefold by next year on the back of government subsidies to boost sales of the eco-friendly cars, ministry officials said Tuesday. As of the end of last year, the number of registered battery-powered cars in the country [...]
SEOUL, Dec 21 (Korea Bizwire) – Beginning next year, the government will increase its level of subsidies given to electric vehicle buyers while extending the time limit for tax benefits by 2017. It will also support the auto industry to improve its EV capabilities so that the electric cars can drive up to 300 kilometers [...]
“By 2016, Hyundai Motor will launch the Avante electric car and a hybrid model. Kia Motors will also unveil a K3 electric car by almost the same time.” “To become one of top-3 global brands, Korean automotive industry needs to step up its efforts to boost the domestic demand for the environmentally-friendly vehicles – as well as [...]
SEOUL, June 17 (Korea Bizwire) – KEPCO will introduce small electric vehicles (EVs) for business purposes to encourage the usage of EVs by replacing old gasoline-fueled vehicles which are due replacing terms from this year. From introducing 30 EVs this year, the electric utility will bring in 225 vehicles in 2015-2016 and replace all the business [...]