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NEW DELHI, May 25: South Korean Ambassador to India Chang Jae-bok on Wednesday said it is crucial for both nations to discuss the prospects and potential of bilateral cooperation in the electric vehicle industry as it is undergoing a historical transition. Pointing out that internal combustion engine regulations are becoming stricter, reflecting the willingness to phase out such engines in the future, the Ambassador highlighted that the auto parts industry will soon face massive restructuring if this trend continues. “Therefore, […]

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