SEOUL, Aug. 3 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc. has suspended sales of the Model 3 Long Range, the company’s most popular EV in South Korea, raising complaints that the company is discriminating against the South Korean market. The company announced via its website that it will suspend orders for the Model 3 [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s environment ministry said Sunday that it will revamp a subsidy scheme for electric vehicles (EVs), with the current proposal centering on excluding high-priced EVs from the subsidy recipients. The country’s fat subsidies for EVs have been a major contributor to the popularity of eco-friendly cars. The overhaul [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s transport ministry said Tuesday it has recently ordered a probe into Tesla Motors Inc.’s Model 3 for possible problems with parts. The Korea Automobile Testing & Research Institute (KATRI) of the Korea Transportation Safety Authority is looking into whether the Model 3′s Autopilot driver-assist feature has any [...]
SEOUL, July 14 (Korea Bizwire) — Is it an attempt to evade car acquisition taxes, or to offer more choices to customers? U.S. electric carmaker Tesla Motors Inc. allows customers to purchase Full Self-Driving (FSD) systems priced at 9 million won (US$7,500) even after the customers buy a non-FSD model. Purchasing a separate option after [...]
SEOUL, May 11 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. is ramping up its offensive in the South Korean market. The Ministry of Trade, Industry and Energy and Korea Automobile Manufacturers Association reported that Tesla sold 4,070 cars in South Korea between January and March of this year. Tesla first entered the South Korean [...]
SEOUL, March 5 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. is speeding up expansion in the South Korean market for electric vehicles (EVs) with its Model 3. The Ministry of Land, Infrastructure and Transport reported that Tesla sold 1,433 cars last month, setting a new monthly sales record in South Korea since it joined [...]
SEOUL, Sept. 17 (Korea Bizwire) — The South Korean car-sharing app SoCar said Tuesday it has added Tesla Motors Inc.’s Model 3 to its vehicle lineup to better serve customers. SoCar will introduce the all-electric Model 3 as a vehicle for its car-sharing services in October, the company said in a statement. SoCar currently offers [...]
SEOUL, Aug. 13 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. on Tuesday launched the Model 3 in South Korea as it strives to absorb a growing appetite for all-electric vehicles (EVs) here. The Model 3 sells at the starting price of 52 million won (US$43,000) without the central government’s subsidy worth 9 million won. [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of South Korean auto giant Hyundai Motor Group, is working with U.S. carmaker Tesla Motors Inc., industry sources said Friday. Some 4,000 Model 3 electric vehicles (EVs) were loaded onto a Hyundai Glovis transport ship in San Francisco heading for Europe on Tuesday [...]