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Tesla explodes moments after driver pulled from burning EV

A Tesla exploded just moments after the driver was pulled from the burning wreck by passersby on a highway in Sejong Monday. Fifty firefighters and...

Korea, U.S. work on IRA incentives for local EVs

Seoul and Washington will work out their differences on the American law on tax credits for electric vehicles (EVs), said Second Vice Foreign Minister...

Tesla troubles hit Korean companies supplying EV maker

Prospects are dimming slightly for Korean companies betting on big business with Tesla as trouble descends on Elon Musk's pride and joy. With the world's...

U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

LG Chem to invest $3.2 billion to build cathode plant in Tennessee

LG Chem will invest $3.2 billion to build a cathode plant in Clarksville, Tennessee, aiming to be a major supplier of electric vehicle (EV) battery materials. It...

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...

Korea wants 12 percent global EV market share by 2030

Minister of Trade, Industry and Energy Lee Chang-yang during a meeting with the Korean automotive industry on Wednesday Korea's global EV market...

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...

Korea may take U.S. to WTO over EV subsidies

The Korean government may file a complaint against the United States with the World Trade Organization (WTO).It says that the Inflation Reduction Act, which...

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