South Korea fines Mercedes $7.6 million over misleading EV battery information - Reuters

South Korea's antitrust regulator, the Korea Fair Trade Commission (KFTC), has fined Mercedes-Benz AG 10.4 billion won ($7.6 million) for misleading consumers about the driving range of its electric vehicles. The KFTC stated on Tuesday that Mercedes-Benz exaggerated the mileage of some of its electric car models with a fully charged battery. This penalty follows a prior fine issued to Mercedes-Benz in 2021 by the KFTC for similar deceptive advertising regarding diesel vehicle emissions. The action underscores regulatory scrutiny over automotive manufacturers' claims regarding EV performance in the South Korean market.