South Korea fines Tesla $2.2 million for allegedly exaggerating driving selection of EVs

South Korea fines Tesla .2 million for allegedly exaggerating driving selection of EVs


A Tesla electric powered car is parked at a Tesla Supercharger station in Suwon, South Korea on Aug. 7, 2022.

SeongJoon Cho | Bloomberg | Getty Visuals

South Korea’s antitrust regulator explained it would impose a 2.85 billion won ($2.2 million) high-quality on Tesla for failing to explain to its prospects about the shorter driving selection of its electrical vehicles in lower temperatures.

The Korea Truthful Trade Fee explained that Tesla experienced exaggerated the “driving ranges of its vehicles on a single charge, their gas price tag-usefulness as opposed to gasoline cars as nicely as the efficiency of its Superchargers” on its official local site since August 2019 until lately.

The driving assortment of the U.S. EV manufacturer’s cars and trucks plunge in cold climate by up to 50.5% compared to how they are marketed on-line, the KFTC mentioned in a statement on Tuesday.

Tesla could not be immediately arrived at for comment.

On its web page, Tesla supplies wintertime driving recommendations, this kind of as pre-conditioning vehicles with external power sources, and applying its current Energy application to monitor energy usage, but does not mention the loss of driving selection in sub-zero temperatures.

Study extra about tech and crypto from CNBC Pro

In 2021, Citizens United for Buyer Sovereignty, a South Korean customer team, mentioned the driving variety of most EVs fall by up to 40% in cold temperatures when batteries need to have to be heated, with Tesla struggling the most, citing info from the country’s atmosphere ministry.

Very last calendar year, the KFTC fined German carmaker Mercedes-Benz and its Korean unit 20.2 billion won for wrong advertising and marketing tied to gasoline emissions of its diesel passenger vehicles.

Musk to Tesla staff: Don't be too bothered by stock market craziness



Source

CNBC Daily Open:  The U.S.-China deal revives markets and the idea of a ‘Trump put’
World

CNBC Daily Open: The U.S.-China deal revives markets and the idea of a ‘Trump put’

Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That’s much more than expected, as Trump […]

Read More
Asia-Pacific markets climb after massive rally on Wall Street on U.S.-China trade deal
World

Asia-Pacific markets climb after massive rally on Wall Street on U.S.-China trade deal

This photo was shot from Varanasi, India in the morning. The soft sun light touch the old building along the ganga river. “n”nVaranasi is a North Indian city on the banks of the Ganges in Uttar Pradesh. It is one of the oldest continuously inhabited cities in the world. The spiritual capital of India, it […]

Read More
Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’
World

Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’

Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone. Arjun Kharpal | CNBC Samsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an uncertain consumer backdrop and U.S. tariff policy. The Samsung Galaxy […]

Read More