The South Korean Ministry for Land, Infrastructure & Transport in late December 2021 announced that trials of hydrogen fuel-cell trucks in real logistics operating environments had begun to help determine accurately the full eco-system requirements before these vehicles are introduced commercially.  

Forsee Power (Forsee) of Paris, France, has renewed its supply partnership agreement for battery cells with South Korean firm, LG Energy Solution (LG).

Hankook Tire & Technology, based in Seoul, South Korea, has showcased its airless i-Flex tyre concept at the Consumer Technology Association (CES) 2022 show in Las Vegas, Nevada, USA.

Electric vehicle maker Edison to buy bankrupt SUV-specialist Ssangyong Motor Corp.

The commercial vehicle market over 2 tons gvw in South Korea declined by over 10% to 53,323 units in the third quarter of 2021 after rebounding by over 14% to 59,303 units a year earlier.

Hyundai plans to offer all its commercial vehicle model ranges with a hydrogen fuel cell option and to apply the technology to all types of public transport vehicles as part of its Hydrogen Vision 2040 programme.

The Hydrogen Heavy Duty Vehicle Industry Group, including Hyundai, Toyota, and Nikola, has agreed to push ahead with a common global standard for hydrogen refuelling technologies to help “bring hydrogen closer to wide scale adoption”. 

South Korea’s commercial vehicle market over 2 tons gvw continued to grow in the second quarter of 2021, with sales rising by 5.2% to 64,525 units from 61,344 in the same period of last year, based on data released individually by vehicle manufacturers and trade associations.

Hyundai Motor Group of Seoul, is investing heavily in two main zero-emission technologies, battery-powered electric vehicles and hydrogen fuel-cell electric vehicles (FCEVs), as major markets across the world look to phase out internal combustion engines in the next 15 years.

Ford Motor Company of Detroit, Michigan, USA and SK Innovation Inc, of Seoul, South Korea, part of SK Energy, have signed a Memorandum of Understanding (MoU) to create a joint venture company – to be called BlueOvalSK – to manufacture battery cells in the USA.

South Korea’s commercial vehicle market over 2 tons gvw expanded by almost 13% to 59,221 units in the first quarter of 2021 from weak year-earlier sales of 52,495 units.

FPT Industrial of Turin has been chosen as preferred engine supplier by Tata Daewoo Commercial Vehicles Co Ltd of Gunsan-si city, South Korea for the launch of its new CEN light/medium-duty truck.