Hyundai Motor Group and LG Chem will collaborate on a system to recycle used electric vehicle (EV) batteries under regulatory approval granted by the Ministry of Trade, Industry and Energy on Monday.
A Kona Electric caught fire on Oct. 17 while connected to a charger, a day after Hyundai Motor initiated a voluntary recall of the electric vehicle (EV) in Korea, the company's most popular electric model.
Hyundai Motor will voluntarily recall some 51,000 fire-prone Kona electric vehicles (EVs) sold in international markets, the company announced Sunday, following last week's decision to recall Kona vehicles sold in Korea.
A Hyundai Kona electric vehicle (EV) burst into flames in the early hours of Sunday morning while parked in the underground parking lot of an apartment in Daegu, the 12th such incident since the model's launch in 2018.
The year-long battery brawl between LG Chem and SK Innovation is coming to an end in two weeks, but the two battery makers still seem to be a long way from making amends.
Tesla founder and CEO Elon Musk said the electric vehicle (EV) maker plans to increase battery cell purchases from current suppliers including LG Chem in a tweet on Tuesday.
A public offering for LG Chem’s battery subsidiary is at least a year away and won’t affect the petrochemical company’s controlling stake, LG Chem CFO Cha Dong-seok said Thursday.
The spinoff was approved by the board of directors Thursday and will be put up to a final vote at a shareholders meeting on Oct. 30. The plan is for the battery unit to become a new corporation tentatively named LG Energy Solution on Dec. 1.
SK Innovation is pushing for its third battery plant in Hungary, people familiar with the issue said Monday.
BTS launched "Ioniq: I'm on it," a brand song dedicated to the EV. It is the first music collaboration between the Korean automaker and the boy band.