The successful sales of Tesla in South Korea could lead to a withdrawal of the state premiums there. After Tesla vehicles benefited from 43 per cent of all subsidies paid out in the first half of 2020, the South Korean Ministry of the Environment has now announced changes.
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Hyundai is making Ioniq its own sub-brand for future battery electric vehicles based on the new Electric Global Modular Platform (E-GMP) with 800-volt technology. The first model will be the Ioniq 5 based on the Hyundai 45 concept car next year, with two further Ioniq models already announced.
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The South Korean capital Seoul is planning to successively ban the majority of diesel vehicles from the public sector and local transport fleets over the next five years. Both electric and hydrogen fuel cell vehicles will replace diesel vehicles.
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SK Innovation has announced that it is working with Professor John Goodenough to develop next-generation battery technology. This will involve a special electrolyte for lithium metal batteries.
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South Korea has extended the electric vehicle subsidies until 2025 as they increased the budget. The support scheme, which would have expired in 2022, also include buying premiums for buses and trucks with battery-electric and hybrid drives.
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The South Korean company Caris and Yuzhmash of Ukraine have signed an agreement for the construction of 5,000 electric buses and 7,800 charging stations. The Ukrainian state space agency also played a part in the contract.
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LG Chem wants to convert part of its battery cell production in South Korea for the manufacture of Tesla batteries. According to a media report, the capacity at LG Chem’s plant in Nanjing, China, which has been supplying Tesla’s Shanghai Gigafactory up to now, is no longer sufficient.
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The battery cell manufacturer Samsung SDI and their supplier of battery materials EcoPro BM are jointly investing the equivalent of around 97 million US dollars in a joint venture that the two South Korean companies have called EcoPro EM.
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Tesla has resumed production in Fremont, defying the Alameda County ban. Elon Musk is continuing his dispute with local authorities.
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Tesla has secured a further credit line of up to 4 billion yuan (around 521 million euros) from the Industrial and Commercial Bank of China for the expansion of its Gigafactory 3 in Shanghai.
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The government of the South Korean capital Seoul is promoting the purchase of 700 electric taxis this year. The subsidy amounts to 18.2 million won (about €13,600) per electric taxi. A new feature is that electric cars from foreign manufacturers are also eligible for funding this year.
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Following the cancellation of individual races, Formula E and the FIA have now announced that the 2019/20 season will be completely suspended for at least two months due to the Covid 19 spread. Even after that a resumption is not guaranteed.
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Kia will be initially concentrating on getting its electric models to Europe before attempting to satisfy demand in the USA due to limited availability of batteries. The awkward situation for the popular carmaker was revealed in an interview with a top Kia manager in the USA.
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Hyundai has announced a “drastic” reduction in delivery times for Kona Electric in Europe. From March the Korean car manufacturer will also produce the electric model in its Czech plant.
Weiterlesen The South Korean government will provide a total of 950 billion won (about 627 million euros) in 2020 to subsidise electric cars and expand the network of charging stations in the country, this signifies a 60 per cent increase from 2019.
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SK Innovation will become the exclusive battery cell supplier for Hyundai Group electric cars – specifically for the first model based on the Electric-Global Modular Platform (E-GMP), which is to roll off the assembly line from 2021.
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According to a Kia blog, Kia is planning a purely electric version of its Seltos compact SUV exclusively for the Asian markets. The electric Seltos, which will be developed under the code name SP2 EV, will be based on well-known technology.
Weiterlesen The Hyundai Motor Company has presented its ‘Strategy 2025’ roadmap, in which the South Korean Group also sets its frameworks for electrification. By 2025, Hyundai intends to become one of the three largest EV manufacturers in the world with a multi-faceted approach.
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South Korean battery giants LG Chem and SK Innovation are each trying to sue each other in bitter court disputes in both the USA and South Korea about alleged patent infringements. Now their spat is threatening to disrupt the launches of electric vehicles in the US by some of the world’s largest carmakers. Even the […]
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Umicore and Samsung SDI have signed a strategic agreement to supply nearly 80,000 tonnes of NMC (Nickel Manganese Cobalt) cathode material from 2020. The supply will come from Umicore plants in various regions, most of them initially from Korea.
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By the year 2030, every third new car in South Korea is to be battery-powered or running on hydrogen. The government has now officially issued this target. Politicians also believe that companies must facilitate this too.
Weiterlesen After Hyundai has started developing its first model based on the dedicated Electric-Global Modular Platform (E-GMP) under the project name NE, further details are now becoming known.
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The automotive parts manufacturer MS Autotech has just become a contract manufacturer for Byton in South Korea. Through its subsidiary Myoungshin, MS Autotech will produce more than 50,000 electric cars annually – in a former General Motors factory.
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Umicore and LG Chem have entered into a multi-year strategic supply agreement for NMC (Nickel-Manganese Cobalt) cathode materials to meet LG Chem’s needs from Umicore plants in Poland, South Korea and China.
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South Korea’s President Moon Jae-in is setting a good example by using a Hyundai Nexo as his official car. He will be demonstrating the technology for locals, doing marketing and addressing range anxiety in one.
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In the coming year, the South Korean government will provide the equivalent of around 900 million dollars in subsidies for e-mobility. The money will not only be used to subsidise electric and fuel cell cars, but also the associated infrastructure.
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Taiwanese electric scooter manufacturer Gogoro has launched its Gogoro 2 Utility scooter and battery-replacement network built for B2B industries in the city of Seoul with cooperation partner TIC corporation.
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Tesla has started selling Model 3 in South Korea at prices starting at 52 million won (about 43,000 dollars) before subsidies. Buyers can look forward to subsidies from the state government and provincial governments totalling up to 20 million won.
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Earthtech will be the first Korean company to enter the battery recycling business and recently started construction of a dedicated facility for dismantling electric vehicles and recycling used batteries.
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Hyundai Mobis, the South Korean automotive supplier belonging to the Hyundai Motor Group, is investing the equivalent of around 322 million dollars in the construction of a new plant for electric car components.
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