Foreign carmakers in South Korea excluding Chevrolet and Tesla sold 5.5 times more vehicles so far this year at 1,043 cars from last year's 189.
Meanwhile, Tesla’s sales dwindled by 18.8 percent to 3,308 cars from last year's 4,075 cars.
Mercedes-Benz had sold 242 units of its first purely electric model, the EQC 400 4MATIC SUVs, as of April this year, multiplying by more than 10 times the 23 cars it sold last year.
There were 12 units of EQC 400s sold in January, and 13 in February before sales took off in March with 80 and April with 137.
Mercedes-Benz Korea said that as EVs over 90 million won are no longer eligible for government subsidies, it offered a 10 million won discount and low-interest monthly installment plans.
Porsche already sold 493 units of its Taycan 4S electric sports car released last November.


Thailand Inflation Remains Negative for 10th Straight Month in January
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Instagram Outage Disrupts Thousands of U.S. Users
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 



