Tesla opens Fremont against local regulations
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 secures loan in China for Shanghai plant
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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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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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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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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Hyundai to deliver Kona Electric in Europe sooner
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.
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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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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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Kia rumours: all-electric Seltos for Asian markets?
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 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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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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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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Korea aims for 33% of new vehicles electrified by 2030
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 Hyundai planning new electric crossover for Europe first
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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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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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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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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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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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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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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First EV battery recycling in South Korea by Earthtech
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 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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Korea: LG Chem is building a new cathode factory
The South Korean battery cell manufacturer LG Chem is investing 500 billion won (424 million dollars) in the construction of a factory to manufacture cathode material for lithium-ion batteries.
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Seoul to increase electric city bus fleet
The number of battery-powered city buses on the streets of the South Korean capital Seoul is expected to rise to 143 this year. Private bus companies are being promoted by the city government to ensure that the switch to electric buses is successful.
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Prices are out for Hyundai’s new all-electric Ioniq
Hyundai has now released the prices for the revamped all-electric Ioniq, a few weeks after the hybrid and plug-in hybrid versions. The upgraded all-electric model will hit markets in the second half of this year.
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Hyundai introduces its electric double-decker bus
More passengers with the same dimensions and emission-free: Hyundai has introduced its first electrically powered double-decker bus. When and in which countries the new 70-seater will be sold has yet to be revealed. Also new from the Korean company is a system for smaller electric commercial vehicles.
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Hyundai and Kia invest 80 million euros in Rimac
Hyundai and Kia are together investing 80 million euros into Rimac Automobili. The Korean carmakers and the Croatian company are also entering into a strategic partnership for the joint development of both battery electric and fuel cell, high-performance EVs.
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Kia launches Niro electric car in the USA
The Kia Niro EV has finally gone on sale in the U.S. The South Korean electric car manufacturer already started selling the Niro in their home country in June of last year. The base price for the Niro EV EX is $39,495 ($31,995 with federal tax credit).
Weiterlesen USA: LG Chem files lawsuits against SK Innovation
The US-owned subsidiary of the South Korean battery cell manufacturer LG Chem has filed two lawsuits in the USA against its South Korean competitor SK Innovation. The accusation: Employees hired by LG Chem are said to have disclosed business secrets of the company.
Weiterlesen Korea Gas plans for 25 hydrogen production facilities
Korea Gas announced that by 2030 it intends to invest the equivalent of around 4 billion dollars in the construction of 25 hydrogen production plants and pipelines with a total length of 700 kilometres to transport the gas in South Korea.
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