SEOUL, Oct. 4 (Korea Bizwire) – Faraday Future, a Silicon Valley-based electric vehicle (EV) maker, said Tuesday that it has picked LG Chem Ltd, a South Korean electric vehicle (EV) battery maker, as its official business partner. In a press release posted on its website, Faraday Future said it collaborated with LG Chem on the [...]
SEJONG, Sept. 21 (Korea Bizwire) – South Korea will invest 43 billion won (US$38.4 million) in developing a new electric vehicle (EV) battery with a range of some 400 kilometers per charge by 2020 in order to foster the clean energy sector as a new growth engine, the trade ministry said Wednesday. The government and [...]
JEJU, Sept. 7 (Korea Bizwire) – Starting next year, private service facilities such as gas stations, cafés, and accommodations will be eligible to receive up to 20 million won ($18,318) in government funds when they install an EV charging station on their premises. According to Vice Minister Woo Tae-hee of the Ministry of Trade, Industry [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea will introduce a new license plate for electric vehicles before the end of next month, the government said Thursday, in an apparent effort to further promote environmentally friendly cars. The new license plate will be picked from four designs in a public vote that will last 10 [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korea’s Samsung SDI Co. said Tuesday it will build an electric vehicle (EV) battery factory in Hungary, with the aim of making the new plant a European hub to supply EV batteries to automakers. Samsung SDI said it will spend about 400 billion won (US$357.7 million) on the [...]
DAEJEON, Aug. 25 (Korea Bizwire) – The future of the automotive industry may rely heavily on electric vehicles, but regardless of propulsion type, one thing that all cars have in common is their tires. According to the Korean Industrial Property Office (KIPO) Thursday, the number of patent applications for high-performance tires offering improved safety has [...]
SEJONG, Aug. 25 (Korea Bizwire) – The South Korea government is making progress in its push to encourage the use of eco-friendly vehicles. Starting Friday, dozens of apartment building parking lots across Korea will offer EV charging using electrical outlets. The Ministry of Environment, in collaboration with KT and Power Cube, installed a total of [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. plans to open two showrooms just southeast of Seoul next month in a bid to brace for U.S. electric car maker Tesla Motors Inc.’s entry into the local market, industry sources said Friday. Tesla is set to launch its first South Korean [...]
SEOUL, Aug. 4 (Korea Bizwire) – A research team from Dongguk University’s Department of Energy and Materials Engineering revealed Wednesday that it has developed a technology that can extend the lifespan of silicon-based cathode material from current few dozen cycles to as many as 500. What is significant is that the newly-developed material is considered [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run power supplier has devised a way to use utility poles as charging stations for electric vehicles, drastically cutting installation costs, its officials said Wednesday. Working with an idea submitted by one of its employees, the Korea Electric Power Corp. (KEPCO) said it will conduct a trial [...]