SEOUL, Apr. 26 (Korea Bizwire) – Hyundai Motor Company has announced plans to manufacture hybrid vehicles at its upcoming electric vehicle (EV) plant in Georgia, United States, scheduled to commence operations in the latter half of this year. During a conference call discussing the company’s first-quarter earnings on April 25, Lee Seung Jo, Head of Hyundai’s [...]
SEOUL, April 20 (Korea Bizwire) — Hybrid vehicles are enjoying rising popularity in both domestic and import car markets as Russia’s invasion of Ukraine has jacked up energy costs. According to Seoul-based Carisyou Data Lab, sales of hybrid cars reached 62,277 units in the first quarter of this year, up 172.1 percent from a year [...]
SEOUL, Jan. 26 (Korea Bizwire) — The Ministry of Environment announced that it would exclude hybrid and gas-powered vehicles from the target for distribution of low-emission vehicles. The low-emission vehicle distribution program was introduced to impose penalties on carmakers failing to increase the share of low-emission vehicles among their overall sales up to a certain [...]
SEOUL, Oct. 12 (Korea Bizwire) — An increasing number of hybrid vehicles, which use both internal combustion engines and electric motors, are being sold with turbo-powered engines. According to the Korea Automobile Manufacturers Association, the number of turbo engine-mounted vehicles sold by Hyundai Motor Co. and Kia Corp. in the first eight months of this [...]
DAEJEON, Nov. 12 (Korea Bizwire) — New technology has been developed that allows diesel-powered delivery trucks to be equipped with hybrid engines that can increase fuel efficiency while reducing emissions. The Cho Chun Shik Graduate School of Green Transportation at the Korea Advanced Institute of Science and Technology said Monday that it had completed a [...]
SEOUL, Jan. 9 (Korea Bizwire) – Korea set a new annual record in 2016 for eco-friendly vehicle sales. According to the Korea Automobile Manufacturers Association and the Korea Automobile Importers & Distributors Association, total sales of environmentally-friendly vehicles – both domestic and imported – amounted to 68,761 units, which was more than double the number [...]
SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]