SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electro-Mechanics announced on July 17 that it has developed a 2,000V multilayer ceramic capacitor (MLCC) for electric vehicle battery management systems (BMS). MLCCs are essential components in electronic circuits, ensuring stable and consistent current flow. They are widely used in various products, from smartphones to personal computers. In automobiles, [...]
SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 3 (Korea Bizwire) — Trade Minister Cheong In-kyo said Wednesday that South Korea hopes to expand economic ties with Indonesia in areas ranging from electric vehicles (EVs) to clean energy. Cheong made the remark during his visit to Jakarta, where he attended a ceremony marking the production of Hyundai Motor Co.’s electric vehicles [...]
SEOUL, Jun. 24 (Korea Bizwire) — Hyundai Motor Group is strengthening its electric vehicle (EV) battery supply chain and internal production capacity, as the world’s third-largest auto group seeks to present price-competitive EV models with better driving ranges. Last week, SQM, a Chilean lithium mining company, announced that it reached a long-term agreement with Hyundai [...]
SEOUL, June 17 (Korea Bizwire) – A new car manufacturing plant by Hyundai Motor Co., South Korea’s largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company’s CEO said Monday. “Even though the demand for electric vehicles is temporarily fluctuating more [...]
SEOUL, Jun. 17 (Korea Bizwire) – As electric vehicles (EVs) with extended driving ranges enter the mainstream South Korean market, consumers’ interest in battery technology—a crucial factor determining an EV’s range—is expected to intensify. Some industry observers predict that the proliferation of affordable EVs could ignite fierce competition in battery development. According to auto industry analysts, [...]
SEOUL, Jun. 12 (Korea Bizwire) – Efforts are underway to enhance the public perception of electric vehicles, as those who have yet to make the switch hold more negative views compared to current EV owners. This disparity in attitudes may pose a significant obstacle to the broader adoption of this environmentally friendly technology. This issue was [...]
SEOUL, May 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Thursday it plans to build a 90 billion-won (US$65.8 million) electric vehicle (EV) module plant in the country’s southeastern industrial city of Ulsan. The company signed a memorandum of understanding with the city government of Ulsan, 299 kilometers southeast [...]
SEOUL, May 7 (Korea Bizwire) – The electric vehicle fervor that once gripped global markets seems to be waning, and South Korea’s battery industry is feeling the pinch. In the aftermath of a sharp decline in demand for electric vehicles since mid-2023, major players in South Korea’s battery sector find themselves navigating compensation negotiations with international [...]
SEOUL, May 1 (Korea Bizwire) – As the global electric vehicle (EV) market’s growth decelerates, South Korea’s electric passenger car sales have dipped this year. However, the domestic production and sales of electric buses have been on an upward trajectory, according to data from the Ministry of Land, Infrastructure and Transport and the Korea Automobile Manufacturers [...]