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Tesla becomes South Korea’s second-largest importer, beating Mercedes-Benz

Teslarati

Industry data has revealed that Tesla successfully overtook Mercedes-Benz to become South Korea’s second-largest vehicle importer in March 2024. That’s not bad at all for an automaker that caught headlines in early February for only selling one car in South Korea in January 2024.

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BMW i5 deliveries to start this weekend

Electric Cars Report

Following the initial sales launch in South Korea, the new BMW 5 Series Sedan and the first BMW i5 Sedan are now coming to dealers in numerous other markets. In Germany, the first vehicles will be delivered to customers from 21 October 2023.

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BMW Group launches pilot for automated driving in-plant

Green Car Congress

The BMW Group is launching a unique project that will see cars maneuver around production without requiring a driver. To make this happen, the BMW Group has been collaborating with Seoul Robotics from South Korea and Embotech from Switzerland. —BMW Group project manager Sascha Andree.

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BMW Group and Samsung SDI expand partnership on electric drive batteries; i3, i8 and additional hybrid models

Green Car Congress

The BMW Group and Samsung SDI have signed a memorandum of understanding (MoU) to expand their supply relationship for battery cells for electro-mobility. Samsung SDI will supply the BMW Group with battery cells for the BMW i3, BMW i8 and additional hybrid models over the coming years. Earlier post.) Earlier post.)

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IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

The latter also partnered with BMW. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role. Ford, Samsung, and Hyundai invested in Solid Power. Renault, Mitsubishi, and Nissan invested in Ionic Materials.

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Biden Admin. inundated with Inflation Reduction Act exemption requests

Teslarati

Japan, South Korea, France, Germany, and the EU have all requested exemptions from the Biden Administration’s “location of assembly” requirement for electric vehicle subsidies. Hence, an EV produced by Hyundai in South Korea or BMW in Germany, for instance, would not be given an incentive.

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

InsideEVs reported that X/Twitter users have been sharing screenshots of leaked documents from South Korea that appear to show a new Model 3 variant with a possible 412-horsepower rear motor. That said, the car is still less expensive than some competitors, including vehicles from BMW, Mercedes-Benz, and Audi.