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  "disadvantageous" at the beginning of the year! Tesla was fined 2.85 billion won by South Korean supervision.

  Tesla was fined 2.85 billion won (15.4 million yuan) for publishing "false, exaggerated and deceptive advertising content," according to South Korea's antitrust regulator. The agency said that starting from August 2019, Tesla's official website

  Tex Tesla Automobile range mileage Electric Advertising New Energy Electric vehicle Korea Battery Cryogenic Technology data website 2023-01-04
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  After 35 years, this famous Korean car company has changed its name.

  According to media reports, South Korea Ssangyong Motor held a regular shareholders' meeting on March 22 and decided to change the company name to "KG MOBILITY" through the company name change case, which is the first time the company has changed its name in 35 years. When "Automotive Industry concern" looked at Ssangyong's official website, it found that the official website of the auto company

  Automobile Ssangyong company market Korean won Korea model China Hengda loss technology group production people RMB 2023-03-23
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  New development: Ssangyong Motors, a well-known South Korean car brand, may be acquired by the New Power brand this week.

  Following media reports in October that new car-making company Edison Motors will buy Ssangyong Motor for about 223 million euros, there are media reports today that Edison Motors and Ssangyong Motors will complete the merger as soon as this week. Ssangyong Motor is still filing for bankruptcy protection due to loan default. South Korean legal and auto industry expect the acquisition to be completed by this week or January 7 at the latest, media said. Another Edison Motors executive pointed out: "We need to adjust the content of the contract, but if the discussion goes well, the acquisition can be completed within this month."

  Ssangyong Motor 2021-12-27
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  223 million euros! South Korean well-known car brands are acquired by new car-building forces.

  According to media reports, car-building new power company Edison Motors will buy Ssangyong for about 223 million euros, and the agreement between Ssangyong and Edison Motors will be finalised as soon as late November. According to previous reports, Ssangyong filed for bankruptcy restructuring with the Seoul court as early as the end of 2020 and has been looking for potential acquirers ever since. The Seoul bankruptcy court said the consortium led by Edison Motors was currently the only bidder for Ssangyong, making it a preferred bidder. The court said that Edison Motors's competitor.

  Ssangyong Motor 2021-10-25
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  Chuan Geely will participate in the bidding for Ssangyong

  Geely may take part in a bid for Ssangyong, a South Korean subsidiary of Indian carmaker Mahindra, Bloomberg reported. In addition, according to South Korean media reports, Ssangyong Motor, which is in trouble, is looking for new investors and has chosen Samsung Securities to cooperate with Rothschild, a well-known global financial family, to attract market interest. Due to the sluggish sales of products, low R & D funds and other factors, Ssangyong Motor fell into a business crisis. So far, Ssangyong has suffered losses for 13 consecutive quarters. In terms of sales, Ssangyong sold 31110 vehicles in South Korea from January to May, down 35 per cent from a year earlier. Public information shows.

  Geely 2020-06-19
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  After the spontaneous combustion incident of BMW in South Korea, the South Korean court punished BMW 800 million yuan for falsifying emission documents.

  The German car company emission gate incident is still simmering after several years of evolution, in which BMW has earlier admitted that diesel engines have installed cheating software for emission testing in an attempt to manipulate actual emission data. Recently, BMW has been sued and fined tens of billions of dollars in South Korea for emissions. BMW car label .png "/ > according to South Korean media reports, the local court upheld the decision to fine BMW 14.5 billion won (about 840 million yuan) in the recent second-instance verdict on BMW's exhaust emissions case. the court ruling made it clear that BMW South Korea falsified the entire test report in order to avoid.

  BMW Korea spontaneous Combustion Court Emission 2019-04-29
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  Model 3 logs into Korea with a starting price of only 190000? Lead stores to line up for "long queues"

  According to foreign media reports, US electric carmaker Tesla launched the Model 3 electric car in South Korea on Tuesday, while Tesla's official price for the Model 3 in South Korea is 52 million won, or about 300000 yuan, while the US version of Model 3 starts at $38990, or about 270000 yuan. Of course, both regions are lower than the official price of 328000 yuan after subsidies in the Chinese market. Not only that, it costs less than 190000 yuan to buy the entry-level version of Model 3 in South Korea? If I read it correctly, it is indeed less than 190000 yuan. It turns out that the South Korean government will treat every Mo...

  Korea selling price 2019-08-17
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  Mercedes-Benz emissions cheating and false publicity fined 100 million

  In 2020, Mercedes-Benz South Korea was fined 77.6 billion won by South Korean regulators for artificially tampering with diesel vehicle emission data. On Monday, the Korea Fair Trade Commission (KFTC) issued a new fine on Mercedes-Benz's South Korean subsidiary and its German parent company, accusing Mercedes-Benz of still using false and deceptive advertisements to mislead consumers after the diesel incident. KFTC imposed penalties.

  Mercedes-Benz emissions cheating and false publicity fined 100 million 2022-02-09
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  Korean consumers are tempted by the maximum subsidy of 90,000 yuan for the promotion of Japanese cars in South Korea.

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  Japanese car 2019-11-18
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  The ranking of vehicle reliability in 2022, the list of Korean overlords

  J.D.Power, a ​ auto market research agency, released the 2022 ranking of automobile reliability. Kia ranked first (145points), Hyundai ranked third (148points), and Genisseth fourth (155points). The top four Chinese and Korean brands accounted for three seats, and the reliability score surpassed that of the Japanese system.

  J.D Power 2022-02-11
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  IIHS publishes a list of the best safe models in 2021

  The American Highway Safety Insurance Association (IIHS) conducts crash safety tests on new cars sold in the United States every year and gives corresponding safety ratings. Recently, IIHS released a list of TOP Safety Picks (best safety) and Top Safety Picks Plus+ (best safety plus) models in 2021, including 41 TOP Safety Picks models and 49 Top Safety Picks Plus+ models. It is important to note that if you want to get Top Safet...

  IIHS 2021-02-28
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  In 2020, the satisfaction of domestic Jundi automobile sales ranked, Buick won the first place.

  Today, J.D. Power officially released the 2020 China Automobile sales satisfaction Research (SSI) report. In this year's survey, the Buick brand won the first place in the mainstream car market with 722 points. The overall ranking has changed a lot from last year, and the two Korean brands with the highest scores last year are no longer on the list this year.

  Automobile 2020-07-02
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  After China, Tesla will be put into production in South Korea again!

  On January 7 this year, Tesla's China factory officially started construction, which will be the third factory after Tesla's factory in Vermont, California and Tilburg in the Netherlands. After being in China, Tesla seems to be making electric cars in South Korea again. Myongshin, a South Korean supplier to Tesla, said it had agreed to buy a closed car factory from GM's South Korean subsidiary to make Tesla electric cars, Reuters reported. Last year, GM announced global layoffs and restructuring plans, while at the end of May last year, GM closed one of four plants in South Korea and laid off thousands of workers, Myongshi....

  Tesla put into production 2019-03-30
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  Beijing Hyundai lost about 760 million yuan in the third quarter.

  one

  Beijing Modern 2019-11-18
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  IIHS announced the list of the best safety models in 2022, and South Korea beat Germany, Japan and the United States.

  The American Highway Safety Insurance Association (IIHS) conducts crash safety tests on new cars sold in the United States every year and gives corresponding safety ratings. Recently, IIHS released a list of TOP Safety Picks (best safety) and Top Safety Picks Plus+ (best safety plus) models in 2022, including 36 TOP Safety Picks models and 65 Top Safety Picks Plus+ models. It is understood that if you want to get Top Safety P...

  Modern automobile 2022-02-27
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  Another multinational car company filed for bankruptcy, and Ssangyong Motor lost money for 15 consecutive quarters.

  In the shrinking environment of the global auto market, many car companies on the edge of the market are heavily in debt to choose bankruptcy plans because of poor management. According to media reports, Ssangyong Motors, a multinational car company, has filed for bankruptcy with the Seoul court.

  Automobile enterprise 2020-12-22
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  According to the sales list of imported cars in South Korea in January, Mercedes-Benz sold best.

  Recently, a group of South Korean media exposed a list of imported models in South Korea in January, of which German models accounted for an extremely large share. Due to the continuing impact of the "boycott of Japanese goods" sparked in October last year, sales of Japanese models in South Korea this year are still low even if they make a big profit.

  Mercedes Benz 2020-02-07
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  Is there still a chance for modern Gaines to enter China for the second time?

  Three years later, Gaines will return to the Chinese market. A few days ago, the words of Wen Chengkun, deputy general manager of Beijing Hyundai and head of the sales Department, confirmed the rumors of Gaines's entry into China. "Korean Hyundai has a Jaines luxury brand, and it will be considered to introduce it in the future, so that Beijing Hyundai can enjoy the halo effect and enhance the Beijing Hyundai brand." This time has become a hot topic in the industry. In fact, Hyundai established a new luxury brand Gaines in 2015 and sold it in South Korea, Europe, the United States and China one after another. However, due to various reasons, Gaines officially withdrew from the Chinese market in 2016. Of course.

  Gaines 2019-08-16
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  Volkswagen Porsche for "emissions fraud", the punishment has never stopped!

  There seems to be no end to the Volkswagen "emission gate" incident. Recently, South Korean prosecutors said that Volkswagen and Porsche installed illegal cheating equipment in their vehicles, causing their diesel vehicles to violate pollution standards, so they will be fined and brought criminal charges. Two South Korean subsidiaries of Germany's Volkswagen, Audi Volkswagen Korea and Porsche Korea, were fined up to 11.5 billion won ($9.5 million). South Korea's Ministry of Environmental Protection said, "reducing the capacity of diesel engine exhaust treatment tanks can help car companies improve the space utilization of vehicles and reduce the trunk."

  Volkswagen Porsche emissions 2019-08-21
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  Hyundai made a net loss of 1.118 billion yuan in the third quarter

  Hyundai Motor South Korea said on Monday that its third-quarter net loss was well below market expectations as engine quality problems and recall-related costs offset otherwise strong earnings. According to the financial results released on the 26th, revenue in the third quarter of 2020 rose 2.3 percent year-on-year to 27.58 trillion won (163.4 billion yuan), but the operating loss reached 313.8 billion yuan (1.858 billion yuan). The net loss reached 188.8 billion won (1.118 billion yuan). Hyundai said its overall business performance continued to improve in the third quarter and the company will continue.

  Hyundai Automobile Beijing Hyundai 2020-10-26