SK Inc. has agreed to acquire a controlling stake in local electric vehicle (EV) charger maker Signet EV for 293 billion won ($263 million), a major investment in the burgeoning EV market and related infrastructure.
Subsidies for electric vehicle purchases risk breaking the bank, as demand has been much higher than forecast and local governments may not be able cover their obligations.
Local automotive production rose 12.2 percent in the first quarter on-year as sales were strong at home and abroad. Domestic sales went up 11.3 percent, while exports rose nearly 17 percent.
Korean companies are hoping to gain significant share in the light emitting diode (LED) business and the opportunity is in electric vehicles (EVs).
Hankook Tire & Technology will supply its tires to Chinese electric vehicle (EV) manufacturer Nio.
LG Electronics shareholders approved the spin-off of an electric vehicle (EV) powertrain unit, part of a plan to set up a joint venture with Canadian automotive supplier Magna International.
Global sales of electric vehicles (EVs) rose by 44.6 percent last year despite the coronavirus pandemic. A total of 2.94 million EVs -- which includes pure-electric, plug-in hybrid and fuel cell cars -- were sold last year, according to...
Drivers charge their electric vehicles (EVs) at Hyundai EV Station in Gangdong District, eastern Seoul, on Monday.
The chairman of the SK Innovation board blasted a U.S. ruling against the company for intellectual property theft and suggested that a multi-billion battery investment in the country could be abandoned or unloaded.
Global sales of electric vehicles (EVs) rose by 44.6 percent last year despite the coronavirus pandemic.