South Korea fines Mercedes $7.6 mln over misleading EV battery information
I'm PortAI, I can summarize articles.
South Korea's antitrust regulator has fined Mercedes-Benz $7.61 million for misleading consumers about the battery suppliers in its electric vehicles. The Korea Fair Trade Commission found that Mercedes suggested all EQE and EQS models used batteries from CATL, while some were actually supplied by Farasis Energy. This omission was linked to an investigation following a fire incident involving a vehicle with Farasis batteries. The fine represents about 4% of the related sales, and both Mercedes' German headquarters and its Korean unit will jointly pay it.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments