SEOUL, Dec. 23 (Korea Bizwire) — In 2024, South Korea’s import car market has shifted from its traditional “Big Four” structure to a “Big Three,” driven by Tesla’s remarkable sales growth. BMW and Mercedes-Benz continued their rivalry for the top spot, while Tesla secured third place for the first time with sales nearly doubling from 2023. [...]
SEOUL, Dec. 16 (Korea Bizwire) –Tesla is poised to claim the second spot in South Korea’s electric passenger car market, overtaking Hyundai Motor (excluding Genesis) for the first time since entering the market in 2017. Despite challenges such as slowing demand for EVs and a sluggish domestic economy, Tesla has achieved a record milestone of [...]
SEOUL, Nov. 13 (Korea Bizwire) – Lee, a 32-year-old office worker from Incheon, has been waking up in the middle of the night to check his investment portfolio, often exclaiming “Thank you, Musk” before falling back asleep. His enthusiasm stems from a remarkable turnaround in his 10-million-won investment in Tesla, which had previously plunged 30% amid [...]
SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electronics and Tesla have officially rolled out their jointly developed energy management service, marking a significant step in smart home technology integration. As of late last month, Tesla users in the United States can now utilize Samsung’s SmartThings Energy platform to monitor their Tesla solar panel power production, remaining [...]
SEOUL, Jul. 17 (Korea Bizwire) — Samsung Electronics Co. has launched an energy management service for electric vehicles of Tesla Inc. in the United States as part of their strategic partnership aimed at enhancing connectivity at home, industry sources said Wednesday. Samsung Electronics’ SmartThings Energy platform is now available for Tesla drivers in the U.S., [...]
SEOUL, Apr. 9 (Korea Bizwire) – Samsung Electronics emerged as the most popular stock trading among South Korean minors so far this year, while Tesla and Apple led the charge in overseas equities, according to an analysis by Shinhan Investment Corp. In a review of the top 10 stocks traded by its underage clients from January [...]
SEOUL, Feb. 21 (Korea Bizwire) – The South Korean government has announced significant reductions in subsidies for Tesla’s “budget” electric vehicle, the Model Y RWD, which is equipped with lithium iron phosphate (LFP) batteries from China. According to the Ministry of Environment’s finalized guidelines for electric vehicle subsidies released on February 20, the subsidy for the [...]
SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co., Tesla Korea and four other carmakers will recall nearly 55,000 vehicles due to faulty components, the transport ministry said Wednesday. The six companies, including Kia Corp., Ford Sales & Service Korea, GS Global Corp. and Bumhan Mobility, are voluntarily recalling a total of 54,792 units of [...]
SEOUL, Dec. 27 (Korea Bizwire) — U.S. electric carmaker Tesla Inc. has emerged as a major player in South Korea’s imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as the three best-selling brands, industry data showed Wednesday. Tesla’s vehicle sales have been on the rise since September [...]
SEOUL, Dec. 7 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc. has sold over 15,000 vehicles in South Korea this year, driven by strong demand of its affordable Model Y car produced in China, according to government and industry data Thursday. According to the transportation ministry data, the number of Tesla vehicles sold in [...]