Kia achieved record quarterly operating profit of 3.43 trillion won despite a decline in sales, which the company attributed to slowing EV demand and supply shortages.
Samsung SDI is unveiling a solid-state battery and an ultrafast charging system for EVs at the 37th Electric Vehicle Symposium & Exposition in Seoul this week.
SK On's cobalt-free EV batteries won bronze at the 2024 Edison Awards.
Posco Holdings has sent out the first batch of domestically produced EV battery materials with the shipment of lithium hydroxide to a client.
The Daegu-based cathode materials producer signed a deal to supply 176,000 tons of cathode materials to an unnamed European client.
Korea's big three in battery-making are all expected to report underwhelming first quarters as global EV makers recalibrate their sales expectations.
According to data from the Korea Automobile Manufacturers Association and the Transport Ministry, the number of registered EVs in the country reached 543,900 as of the end of 2023.
The government is considering further cutting electric vehicle (EV) subsidies next year to instead use the funds to supplement insufficient charging infrastructure, according to sources Sunday.
Lotte Chairman Shin Dong-bin visited an Evsis factory in Cheongju.
Samsung SDI is considering building an independent EV battery factory in North America to ramp up production capacity and compete with rivals.
Korea JoongAng Daily Sitemap