South Korea fines Mercedes $7.6m over misleading EV battery information

South Korea’s antitrust regulator said on Tuesday it has fined Mercedes-Benz 11.2 billion won ($7.61 million) for misleading consumers about ​the battery suppliers used in some of its electric vehicles. The ‌Korea Fair Trade Commission (FTC) said Mercedes-Benz distributed sales guidelines to dealers suggesting that all EQE and EQS EVs were equipped with battery cells made […]

By Abubakar Ibrahim