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, July 3 (Korea Bizwire) – Tesla Motors Inc. said Friday it posted explosive sales growth in South Korea this year on the back of growing appetite for electric vehicles and fat subsidies. Tesla sold a total of 7,079 vehicles in the Korean imported passenger car market from January to June, a whopping increase from [...]
SEOUL, May 26 (Korea Bizwire) — While sales of imported cars, led by U.S. electric carmaker Tesla Motors Inc.’s Model 3, have jumped, Korean-made electric vehicles (EVs) are being sidelined. The Korea Automobile Manufacturers Association and Korea Automobile Importers & Distributors Association reported a 40.1 percent increase in EV sales between January and April compared [...]
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 [...]
SEOUL, Nov. 9 (Korea Bizwire) – In a sign that electric cars are slowly but surely gaining ground in the auto market, Lotte Rent-A-Car announced yesterday that it will begin offering the Tesla Model S 90D at its Jeju Autohouse location. The brain child of U.S. tech billionaire Elon Musk joins Lotte’s stable of electric [...]
SEOUL, Jun. 15 (Korea Bizwire) — Sales of electric cars in South Korea have grown sevenfold in the past year, as growing public interest is seeing more consumers trade in their gas-guzzlers to instead opt for more eco-friendly and energy-saving alternatives. According to data from the Ministry of Land, Infrastructure and Transport and the Korea Automobile [...]