Tag: South Korea

Aug 11, 2020 - 11:25 am

Tesla success in South Korea causes subsidy review

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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Aug 10, 2020 - 01:11 pm

Hyundai is launching Ioniq as a fully electric subsidiary

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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Jul 19, 2020 - 03:22 pm

Korea to extend subsidies for electric cars to 2025

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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Jul 3, 2020 - 02:10 pm

LG Chem to produce Tesla cells in South Korea

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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Jun 3, 2020 - 05:43 pm

Samsung SDI & EcoPro BM form JV

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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Apr 16, 2020 - 04:03 pm

Seoul ready to subsidise 700 electric taxis

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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Mar 13, 2020 - 01:00 pm

Two-month break in Formula E’s ongoing season

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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Feb 27, 2020 - 01:44 pm

Kia prioritises Europe over US in face of battery trouble

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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Jan 6, 2020 - 03:00 pm

South Korea expands e-mobility budget

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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Dec 23, 2019 - 01:45 pm

SK Innovation to supply Hyundai electric cars

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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Dec 20, 2019 - 04:26 pm

All-electric SUV Kia Seltos bound for Asia

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.

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Dec 4, 2019 - 02:37 pm

Hyundai unveils electric strategy till 2025 & beyond

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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Dec 3, 2019 - 01:13 pm

United we stand, divided we fall

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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Oct 28, 2019 - 04:13 pm

Umicore to supply Samsung SDI with NMC

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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Sep 26, 2019 - 01:17 pm

Byton contracts manufacturing in South Korea

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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Sep 25, 2019 - 05:24 pm

Umicore and LG Chem enter cathode supply deal

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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Sep 10, 2019 - 02:31 pm

Stop talking, start doing

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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Sep 2, 2019 - 12:23 pm

South Korea announces new EV subsidies for 2020

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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Aug 28, 2019 - 03:50 pm

Gogoro targets B2B with expansion into Seoul

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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Aug 13, 2019 - 02:40 pm

Tesla starts Model 3 sales in South Korea

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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Jul 25, 2019 - 03:10 pm

Hyundai Mobis building EV component factory

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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Found on electrive.com
https://www.electrive.com/2020/08/11/tesla-success-in-south-korea-causes-subsidy-review/
11.08.2020 11:24