Chinese car companies and parts makers are making inroads into the local market for commercial electric vehicles.
Korea Development Bank (KDB) Chairman Lee Dong-gull said no financial support for Edison Motors will be available unless the company has a clear and sustainable business plan for SsangYong Motor.
Next year, the luxury electric vehicle (EV) war begins as imported carmakers bring premium electric models to Korea.
Korea was the world's seventh biggest market for electric vehicles (EVs) in 2021, selling more than 70,000 units through the Sept. 30 third quarter of this year. That was one notch up from last year.
GM Korea will launch 10 new electric vehicle (EV) models in the country by 2025 but none will be manufactured locally, GM International President Steve Kiefer told the Korean press Friday.
The diesel exhaust fluid (DEF) shortage is accelerating a decline in the popularity of passenger cars and SUVs running on diesel.
Samsung SDI'S net profit rose almost 75 percent in the third quarter on the back of rising demand for batteries and electronics materials.
Electric bikes are selling well as people look for ways to avoid public transportation.
Reducing the sticker price on electric vehicles (EVs) is the only way they'll compete in a global auto market still dominated by internal combustion engines.
Battery maker Samsung SDI confirmed that it will build its first battery cell and module factory in North America in a joint venture with multinational automaker Stellantis.