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European Brands Catch Up with Tesla in S. Korea’s Imported EV Market

European Brands Catch Up with Tesla in S. Korea’s Imported EV Market

SEOUL, April 26 (Korea Bizwire) — South Korea’s imported electric vehicle (EV) market, once dominated by Tesla Inc., is now facing fierce competition with European brands releasing new models. The Ministry of Trade, Industry and Energy and the Korea Automobile Importers & Distributors Association (KAIDA) reported that a total of 5,278 units of imported EV [...]