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SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

Green Car Congress

SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.

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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

Green Car Congress

Zhejiang Geely Holding Group and Renault Group have signed a cooperation agreement to launch all-new vehicle lineup for the South-Korean market. Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export.

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Tesla Model S & Model X make first appearance in South Korea

Teslarati

Now, Tesla has finally launched both of its top-of-the-line models in South Korea, with showings available at South Korean stores today. It remains unclear when the new models will be delivered to the new market, but they are expected later this year if not this quarter. 오늘부터 Tesla 스토어에서 만나볼 수 있습니다. Tesla 제주 스토어 제외.

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BYD will challenge Hyundai and Kia with low-cost EVs launching in South Korea

Baua Electric

China’s leading EV maker is set to drastically shake up the South Korean auto market. BYD officially announced plans to launch in South Korea with its low-cost EVs poised to challenge Hyundai and Kia on their home turf. On BYD’s Korea website, there is now a message saying “Hello Korea, Coming Soon.”

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Volvo Construction Equipment investing $7.8M in battery pack production at excavator plant

Green Car Congress

Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, South Korea. The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. With the SEK 80-million (around $7.8-million)

Volvo 396
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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

billion to produce electric vehicles at a new factory in South Korea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. million units by 2030.

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What demand problem? Hyundai’s new EV factory to build 200,000 cars a year

Electrek

Hyundai has broken ground on a massive new EV factory in its home market of South Korea today. Hyundai’s new EV factory to build 200,000 cars a year appeared first on Electrek. Full-scale construction of the plant will begin in earnest before 2023 is over, so Hyundai’s not wasting any time here.