SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry. According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]
SEJONG, Dec. 12 (Korea Bizwire) – The government will implement a pilot project this week to operate fuel cell hydrogen taxis for the first time in South Korea as part of its efforts to reduce gas emissions, the Environment Ministry said Monday. The ministry plans to hold a ceremony Tuesday to mark the launch of [...]
SEOUL, Dec. 12 (Korea Bizwire) – The Ministry of Environment announced Sunday that it plans to support 14,000 new EV purchases in 2017 to push up the number of eco-friendly vehicles on the road. The government subsidy for purchasing a new EV in 2017 was set at 14 million won ($11,936) per vehicle, which is [...]
SEOUL, Nov. 22 (Korea Bizwire) – Chinese electric vehicle maker BYD Co. has set up a corporate body in South Korea, according to a court document Tuesday, heralding its full-fledged operation in the country in the near future. BYD Co. set up BYD Korea Co. Ltd. on Oct. 25, with the office headquartered on the [...]
SEOUL, Nov. 17 (Korea Bizwire) – Electric vehicles (EVs) are expected to get wider distribution through rental and car sharing services, bolstered by a government-industry agreement, auto business officials said Thursday. The Environment Ministry and car rental companies struck a pact Wednesday to promote the use of eco-friendly vehicles. The rental firms will provide contracts [...]
SEOUL, Nov. 15 (Korea Bizwire) – SK Innovation, an energy affiliate of SK Group, said Monday that it will establish a second EV battery plant at its battery complex in Seosan, South Chungcheong Province. The new factory will sit on 40,000 square meters of land, which is similar to its current plant, but with a [...]
SEJONG, Nov. 8 (Korea Bizwire) – The Environment Ministry said Tuesday that it will drastically improve the nation’s insufficient charging infrastructure for electric vehicles (EVs) by expanding the number of EV chargers across the nation. To that end, the number of super and regular EV chargers will be increased from the current 750 and 9,258 [...]
SEOUL, Oct. 19 (Korea Bizwire) – Hyundai Group affiliates Hyundai Motor Company and Kia Motors are rapidly expanding their Chinese operations, and their latest strategy is to target young consumers with green vehicles and SUVs. The Chinese government has grown more sensitive to environmental concerns in recent years, and has set out various policies to [...]
SEOUL, Oct. 6 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Thursday it has broken ground for a plant in Poland for electric vehicle batteries, hoping to become a leading EV battery supplier to European carmakers. The EV battery plant in Wroclaw, southwestern Poland, will cost 400 billion won (US$359 million), [...]
JEJU, South Korea, Oct. 5 (Korea Bizwire) – The Jeju provincial government announced Tuesday the coming of ‘EV Generation 2.0’ that will now focus on culture, tourism, infrastructure, and the environment, as part of its efforts to nurture the island’s EV industry. According to the government, EVs on Jeju now account for more than 1 [...]