New US and European tariffs on Chinese electric vehicles (EVs) have created market opportunities for South Korean manufacturers. While South Korean EV exports remain behind Chinese volumes, manufacturers can gain market share by emphasising design, performance, safety and transparency. As such, the US Inflation Reduction Act benefits South Korean producers, though political uncertainty poses risks. Success depends on leveraging technological expertise while adapting to policy shifts.
South Korean EV manufacturers gain traction as Chinese rivals face tariffs.
Submitted 1 day ago by Tea@programming.dev to technology@lemmy.zip