SEOUL, Aug. 16 (Korea Bizwire) – In a bid to allay consumer concerns about electric vehicle (EV) safety, Hyundai Motor Company and Kia Corporation have unveiled their latest Battery Management System (BMS) technology, a crucial development in their ongoing efforts to improve EV reliability and performance. The South Korean automakers announced on August 15 that the [...]
SEOUL, Aug. 15 (Korea Bizwire) – In a bold move amid growing concerns over electric vehicle safety, Swedish automaker Polestar has introduced its latest model to the South Korean market. The company is leveraging its spotless safety record to distinguish itself from competitors, particularly in light of a recent fire involving a Mercedes-Benz electric vehicle in [...]
SEOSAN, Aug. 15 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires, local governments across South Korea’s South Chungcheong Province are rushing to implement safety measures, marking a shift from their previous focus on promoting EV adoption through subsidies. The city of Seosan is at the forefront of these efforts. City officials said [...]
ULLEUNG, Aug. 14 (Korea Bizwire) – Recent incidents of electric vehicle (EV) fires have prompted ferry operators serving Ulleung Island, a popular tourist destination off South Korea’s east coast, to implement new restrictions on EV transportation. According to local authorities in Ulleung County, North Gyeongsang Province, H Shipping Company announced on August 13 that it would [...]
DAEJEON, Aug. 14 (Korea Bizwire) – In a significant breakthrough for energy storage technology, researchers at the Korea Institute of Energy Research have developed a new battery material capable of functioning in temperatures as low as -20 degrees Celsius, the institute announced on August 13. Traditionally, graphite has been the go-to material for anodes in lithium-ion [...]
SEOUL, Aug. 14 (Korea Bizwire) — Mercedes-Benz Korea Ltd. is faced with criticism from industry watchers and consumers over its belated disclosure of battery suppliers for the company’s electric vehicles amid an EV safety scare. Concerns surrounding EV safety flared up in the country after a spontaneous fire that started in a parked Mercedes-Benz EV on Aug. [...]
SEOUL, Aug. 14 (Korea Bizwire) — Mathias Vaitl, CEO and president of Mercedes-Benz Korea Ltd., on Wednesday plans to meet with residents of an apartment complex in Incheon, where a fire that started from a Mercedes-Benz electric vehicle destroyed over 100 cars, according to sources. The sources said that Vaitl plans to meet with residents [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean battery manufacturers are experiencing a collective boost in stock prices as automakers, led by Hyundai Motor Company, begin to disclose their electric vehicle (EV) battery suppliers. This trend reflects growing investor confidence that South Korean firms, with their superior technology compared to Chinese competitors, could increase market share [...]
SEOUL, Aug. 13 (Korea Bizwire) – A recent electric vehicle fire in an underground parking garage has ignited fears among the public and drawn criticism of the government’s disjointed response to the incident. The fire, which occurred on August 1 in the Cheongna district of Incheon, has intensified what some are calling “electric vehicle phobia.” Critics [...]
SEOUL, Aug. 12 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires that have sparked debates about battery safety, South Korea’s battery industry is doubling down on efforts to improve safety measures from the design and production stages. EV battery fires can rapidly spread through thermal runaway, where a single battery issue can [...]