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BYD Atto 3 Launch Stalled Over Subsidy Issues—Was It Too Soon for South Korea?

BYD Atto 3 Launch Stalled Over Subsidy Issues—Was It Too Soon for South Korea?

SEOUL, March 2 (Korea Bizwire) — Chinese electric vehicle giant BYD is facing significant roadblocks in its South Korean expansion, with the launch of its first model, the Atto 3, delayed due to unresolved subsidy approvals. The setback has frustrated consumers who had pre-ordered the vehicle expecting deliveries last month. Industry observers suggest that BYD, struggling [...]