Hyundai and Kia plan to invest 21 trillion won (just under $17 billion) in electric car production in South Korea by 2030. The goal is to increase annual production from an estimated 350,000 units this year to 1.44 million units in 2030.
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The South Korean steel group Posco has entered into a cooperation with the Taiwanese solid-state battery cell manufacturer ProLogium. In addition to an undisclosed investment in ProLogium, the agreement provides for the joint development of components for ProLogium’s solid-state batteries.
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In Korea, SK On –the battery division of the South Korean company SK Innovation – has signed a ‘Business Agreement on Establishing Standards for EV Battery Status and Valuation’ with the Korea Automotive Inspection and Warranty Association (KAIWA).
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Kia has presented the Niro Plus, an optimised version of the first generation of its Niro EV for taxi services and ride-hailing providers. Compared to the standard model, the length and height of the Niro Plus have been increased by 10 mm and 80 mm, respectively, to provide more space in the interior.
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The tyre manufacturer Hankook is launching its first tyre family, iON, on the market from May 2022, which has been specially developed for electric vehicles. Among other things, these will not only have a reduced rolling resistance and low-noise rolling behaviour but will also be designed for the high torques of electric cars.
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The South Korean battery cell manufacturer Samsung SDI has started building a pilot line for solid-state batteries. Samsung SDI is planning plants and systems for the production of cathodes and solid electrolytes as well as the introduction of new production processes there.
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The South Korean government wants to remove hybrid cars from its list of environmentally friendly cars from 2025 or 2026. This would mean that owners of cars with hybrid drives would no longer enjoy tax benefits and purchase bonuses. Instead, electric two-wheelers are to be promoted in future.
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A British-Korean company called Eurocell has announced plans to build a ‘gigafactory’ for battery cells in Western Europe. This will also produce cells for electric cars and will be built in two phases with an initial investment of 600 million pounds.
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The Seoul city government said it will pay subsidies to buyers of about 14,200 electric vehicles during the first half of 2022, as part of its bid to support the purchase of 27,000 electric vehicles for the whole year.
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California-based electric car start-up Faraday Future has announced a partnership with South Korean carmaker Myoung Shin for the production of its second model FF 81.
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In South Korea, a total of 624 hydrogen buses are to be put on the roads of the port cities of Busan and Ulsan and the province of South Gyeongsang by 2025 as a replacement for buses with combustion engines.
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SK Innovation has revealed that it will be collaborating with a research team led by Professor Lee Seung-woo of Georgia Tech in the United States with the aim of advancing “the era of next-generation all-solid-state batteries.” SK Innovation is not only conducting its own research but putting efforts to develop all-solid-state batteries actively cooperating with […]
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Polestar is now launching its Polestar 2 on the South Korean market. Prices for the electric sedan start at 54.9 million won for the single-engine version and 57.9 million won for the dual-engine variant. Orders are available now and deliveries are scheduled to begin in mid-March.
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LG Chem will invest 475.4 billion won (about 354 million euros) in a cathode materials plant, according to the Korean Ministry of Trade. Construction of the plant with a planned annual capacity of 60,000 tonnes in the South Korean city of Gumi is to begin this month.
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Samsung SDI is marketing its current and future batteries for electric vehicles, among others, under the new brand ‘PRiMX’. The brand registration for PRiMX has been completed in South Korea and Europe and is expected to be completed in the USA shortly.
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Albert Biermann, head of Hyundai Motor Group’s research and development department, is retiring. Biermann led the development of new Hyundai, Genesis and Kia models and the E-GMP electric platform. His successor has already been named.
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Korean electric bus manufacturer Edison Motors has signed an agreement with the NY-based hygrogen fuel cell specialist Plug Power to develop and bring to market a hydrogen fuel cell-powered electric city bus.
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The South Korean battery materials manufacturer EcoPro BM will apparently build its first factory outside Korea in Debrecen, Hungary. This is to produce 108,000 tonnes of cathode materials for electric car batteries per year.
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LG Energy Solution plans to complete its planned initial public offering in South Korea in January 2022. The battery maker expects to offer 42.5 million shares at a price between 257,000 to 300,000 won each, a regulatory filing said.
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The government of South Korea is planning a significant expansion of the infrastructure for battery and hydrogen vehicles. By the end of this year there should be over 1,000 charging stations and 43 hydrogen stations along motorways by the end of 2022.
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SK On has launched a battery diagnosis service in South Korea based on the development of technology that allows drivers to check the battery status of their electric vehicles themselves. At the moment, however, it is only a pilot project.
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The EU, the USA, China and other countries want to oblige carmakers to commit to a minimum durability of the batteries installed in their electric and hybrid cars. This was agreed in principle by the countries at the United Nations Economic Commission for Europe (UNECE) World Forum for Harmonisation of Vehicle Regulations in Geneva.
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SK On, the battery division of SK Innovation that was spun off at the beginning of October, is now also developing LFP batteries for electric vehicles. The company also expects its battery business to be profitable next year.
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Plug Power and SK Group’s SK E&S division have formed their joint venture announced earlier this year to provide fuel cell systems, hydrogen fueling stations and electrolyzers to the Korean and other Asian markets.
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Hyundai Mobis, the South Korean automotive supplier belonging to the Hyundai Motor Group, has announced that it will invest about 1.3 trillion won (equivalent to about 950 million euros) in the construction of two plants for fuel cell systems in the Korean cities of Incheon and Ulsan.
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SK Innovation officially completed the spin-off of its battery business on 1 October. The now independent battery division of the South Korean company is called SK On and is headed by Jee Dong-seob.
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South Korea has passed a bill aiming for carbon-neutrality by 2050 as well as a large zero-emission transport budget for 2022. The National Assembly accelerated the targets for carbon reduction with the bill while the state aims to spent twelve trillion won ($10.3Bn) in 2022 on e-mobility.
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South Korean company Posco has started producing high-purity nickel for electric car battery cells. The factory in Gwangyang is expected to reach an annual nickel production of 20,000 tons by 2023, enough for 500,000 electric vehicles.
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Loop Energy, a Canadian company specialising in fuel cell systems for commercial vehicles, announces its first deal in South Korea. NGVI, a well-connected local manufacturer of hydrogen buses, has opted for Loop’s eFlow fuel cell platform.
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It looks like Hyundai has decided to postpone the start of production of the Ioniq 6 by two to three months to May or June 2022. The design is apparently to be revised again and the Ioniq 6 is to receive a larger battery for more milage.
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