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Hyundai Mobis Begins Construction of EV Battery Plant in Spain

Hyundai Mobis Begins Construction of EV Battery Plant in Spain

SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has started construction of an electric vehicle (EV) battery plant in Spain. The company said it held a groundbreaking ceremony for the envisioned 150,000-square-meter factory in Navarre, Spain, on Tuesday. Hyundai Mobis aims to start mass production [...]

Hyundai Motor Signs 174-megawatt Renewable Energy Deal for U.S. EV Plant

Hyundai Motor Signs 174-megawatt Renewable Energy Deal for U.S. EV Plant

SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed a 174- megawatt power purchase agreement (PPA) with a solar energy project led by Spain’s Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar [...]

South Korea’s Battery Trio Secure Top-5 Spots in Global Electric Vehicle Battery Market

South Korea’s Battery Trio Secure Top-5 Spots in Global Electric Vehicle Battery Market

SEOUL, Apr. 16 (Korea Bizwire) — Last year, all three major South Korean battery makers – LG Energy Solution, Samsung SDI, and SK On – secured positions within the top five in the global electric vehicle battery market, according to a recent report.  According to SNE Research, an energy market research firm, the total electric vehicle [...]

Electric Vehicles to Sport Energy Efficiency Labels as South Korea Rolls Out 5-Tier Grading System

Electric Vehicles to Sport Energy Efficiency Labels as South Korea Rolls Out 5-Tier Grading System

SEJONG, Apr. 1 (Korea Bizwire) – Beginning on April 1, all electric vehicles sold in South Korea will be required to display color-coded labels indicating their energy efficiency rating on a scale of 1 to 5, with 1 being the most efficient. The new five-tier rating system, introduced by the Ministry of Trade, Industry and Energy, [...]

South Korea’s Eco-Friendly Car Exports Hit by Global Slump

South Korea’s Eco-Friendly Car Exports Hit by Global Slump

SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles, including hybrid and electric cars, experienced a significant decline in February, marking the first contraction in over three years, a concerning trend given the country’s rising dependence on electric vehicle (EV) exports.  According to data released on March 20 by the Korea Automobile Manufacturers [...]

Hyundai and Kia Join Efforts to Bolster Fire Safety for Electric Vehicles

Hyundai and Kia Join Efforts to Bolster Fire Safety for Electric Vehicles

SEOUL, Mar. 19 (Korea Bizwire) – Hyundai Motor and Kia have formed a partnership with government agencies, academic institutions, and industry associations to develop advanced firefighting technologies aimed at improving the safety of electric vehicles in the event of fires. On March 18, the automakers signed a joint agreement with the National Fire Agency Research Institute, [...]

Hyundai Motor, Kia to Recall Nearly 170,000 EVs over Charging Software Error

Hyundai Motor, Kia to Recall Nearly 170,000 EVs over Charging Software Error

SEOUL, Mar. 14 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Korea and Tesla [...]

Battery Industry Charges Ahead: Breakthroughs Aim to Slash Electric Vehicle Charging Time

Battery Industry Charges Ahead: Breakthroughs Aim to Slash Electric Vehicle Charging Time

SEOUL, Mar. 12 (Korea Bizwire) – In a race against time, the battery sector is making strides towards developing technology that could dramatically speed up the charging process for electric vehicle (EV) batteries. The current benchmark to charge an EV battery to 80% capacity takes anywhere from 30 minutes to an hour, but the goal now [...]