SEOUL, Aug. 14 (Korea Bizwire) — Mercedes-Benz Korea Ltd. is faced with criticism from industry watchers and consumers over its belated disclosure of battery suppliers for the company’s electric vehicles amid an EV safety scare. Concerns surrounding EV safety flared up in the country after a spontaneous fire that started in a parked Mercedes-Benz EV on Aug. [...]
SEOUL, Aug. 14 (Korea Bizwire) — Mathias Vaitl, CEO and president of Mercedes-Benz Korea Ltd., on Wednesday plans to meet with residents of an apartment complex in Incheon, where a fire that started from a Mercedes-Benz electric vehicle destroyed over 100 cars, according to sources. The sources said that Vaitl plans to meet with residents [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean battery manufacturers are experiencing a collective boost in stock prices as automakers, led by Hyundai Motor Company, begin to disclose their electric vehicle (EV) battery suppliers. This trend reflects growing investor confidence that South Korean firms, with their superior technology compared to Chinese competitors, could increase market share [...]
SEOUL, Aug. 13 (Korea Bizwire) – Mercedes-Benz Korea Ltd. on Tuesday released the brand information of its electric vehicle models sold in the country amid growing calls for EV brand transparency in the country following a massive fire caused by an electric car this month. The latest fear surrounding EVs started after a spontaneous fire [...]
SEOUL, Aug. 13 (Korea Bizwire) –The government will recommend automakers voluntarily disclose the battery brand information of all electric vehicles sold in South Korea, the Office for Government Policy Coordination (OPC) said Tuesday. The decision was made at a vice-ministerial meeting of EV-related ministries and agencies, the OPC said, amid growing public concern about [...]
SEOUL, Aug. 13 (Korea Bizwire) – A recent electric vehicle fire in an underground parking garage has ignited fears among the public and drawn criticism of the government’s disjointed response to the incident. The fire, which occurred on August 1 in the Cheongna district of Incheon, has intensified what some are calling “electric vehicle phobia.” Critics [...]
INCHEON, Aug. 13 (Korea Bizwire) – A recent electric vehicle fire in the underground parking garage of an apartment complex in Incheon, South Korea, has ignited a debate over who will be responsible for the substantial repair costs. The incident, which occurred on August 1 in the Cheongna International City area of Incheon, resulted in 23 [...]
SEOUL, Aug. 12 (Korea Bizwire) – Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries. Public concerns over EV safety have mounted in the country after aspontaneous fire that began in a parked Mercedes-Benz EV [...]
SEOUL, Aug. 12 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires that have sparked debates about battery safety, South Korea’s battery industry is doubling down on efforts to improve safety measures from the design and production stages. EV battery fires can rapidly spread through thermal runaway, where a single battery issue can [...]
INCHEON, Aug. 12 (Korea Bizwire) – The adoption of electric vehicles (EVs) in Incheon, South Korea’s third-largest city, has been declining for two consecutive years after peaking in 2022, according to recent data from the city government. From January to July of this year, only 2,607 new EVs were registered in Incheon, a mere 37% of [...]