A South Korean automakers' group called on Friday for an end to generous st...
SEOUL - A South Korean automakers’ group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles , citing a potential threat to local automakers and Beijing’s “discrimination” against EVs equipped with Korean batteries.
“Chinese automakers, which are undergoing difficulties at home, are expected to turn their eyes into the neighboring Korean market,” Jeong told Reuters in an interview. However, while Chinese automakers are boosting EV sales in Korea, EVs equipped with Korean batteries are not eligible for state subsidies in China.
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