SEOUL, Dec. 24 (Korea Bizwire) — South Korea’s transport safety agency has launched a preliminary investigation into causes of a deadly accident involving a Tesla electric vehicle, officials said Thursday. A Tesla Model X caught fire after ramming into a parking lot wall at a Seoul apartment on Dec. 9, killing the car owner who [...]
SEOUL, Dec. 23 (Korea Bizwire) — A dispute over the safety of electric cars is attracting attention after a vehicle produced by Tesla Motors Inc. crashed into a wall in the underground parking lot of an apartment complex and caught fire. The accident left one dead and two injured. The driver of the Tesla’s Model [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean investors have picked Tesla and Apple as the most popular foreign stocks to pass on to their children. Major South Korean brokerage house Samsung Securities Co. held an online conference on Saturday through its official YouTube channel and carried out a survey with a group of local [...]
SEOUL, Sept. 28 (Korea Bizwire) — Prices of domestic electric vehicles (EVs) are gaining attention following Tesla Motors Inc.’s recent announcement that it will come up with a new EV model that costs as little as US$25,000 within the next three years. Experts expect that domestic EV manufacturers will need at least four or five [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean manufacturers of electric vehicle (EV) batteries on Wednesday showed mixed reactions to Telsa’s ambitious road map to cut the cost of EV batteries in half. Tesla said its new cylindrical cells would reduce the cost per kilowatt hour by 56 percent and extend its electric vehicle range [...]
SEOUL, Sept. 9 (Korea Bizwire) — Electric vehicle leader Tesla Motors Inc. has been South Korean investors’ most-bought issue among foreign shares since July amid an overseas stock buying craze here, data showed Wednesday. Domestic investors bought a net US$1.56 trillion won worth of Tesla shares between July 1 and Tuesday, according to the data [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has ordered the local unit of Tesla Motors Inc. to revise unfair contract terms. The order came after some customers filed a complaint with the Korea Fair Trade Commission, alleging that the unfair terms violated a law that protects consumers’ rights. One [...]
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 27 (Korea Bizwire) — U.S. electric carmaker Tesla Motors Inc. was found to have received a massive amount of government subsidies following a surge in electric vehicle (EV) sales in the South Korean market in the first half of this year. Experts argue that EV subsidies are falling into the hands of a [...]