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Volvo Trucks starts selling electric trucks in South Korea

Electric Cars Report

Volvo Trucks is now starting sales of heavy battery electric trucks in South Korea, as the first global manufacturer to do so. Three different electric models are now available for South Korean transport companies to order – helping them, and the government, to reach ambitious climate targets.

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Production of Polestar 4 set to start in South Korea in 2025

Electric Cars Report

Swedish electric performance brand Polestar revealed the next step in diversifying its manufacturing footprint. Manufacturing of Polestar 4 in Hangzhou Bay, China, will be complemented with manufacturing in Busan, South Korea, expected to start during the second half of 2025.

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South Korea EV registration jumps in 2022

Teslarati

The Ministry of Land, Infrastructure, and Transport in South Korea has announced that EV registrations in the country have jumped by 72.7% South Korea has not seen the EV boom of the Chinese car market , more closely resembling the Japanese market, where electric vehicles have yet to catch on. year over year.

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South Korea welcomes US decision to extend use of Chinese graphite in EVs – ET Auto

Baua Electric

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The ministry added that it would provide 9.7 trillion won (USD 7.11

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Tesla places $227M+ order for Cybertruck parts from South Korea

Teslarati

The South Korean company confirmed the order recently. Seoyon E-Hwa manufactures automotive interior parts such as door panels, bumpers, seats, headliners, rear parcel shelves, package trays, screen assemblies, and pillar posts. The Cybertruck manufacturer signed a three-year supply contract until 2028 with the South Korean company.

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Elon Musk considers South Korea for next Tesla Gigafactory location: report

Teslarati

South Korea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered South Korea one of the top candidates for a Tesla factory in Asia, reported Reuters.

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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. The factory ultimately would increase annual EV production in South Korea to 1.44 million vehicle capacity by 2030 would account for about 45 percent of the two companies’ global EV production volume by that year, Automotive News reports.