US crackdown on Chinese connected vehicles unsettles South Korea Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The South Korean government and automotive industry are on high alert as the US prepares to enforce regulations on Chinese-made connected vehicles this fall, citing national security concerns about potential data leaks involving American consumers. While the focus seems to be on complete vehicles, the regulations could indirectly affect Chinese-made components if they are deemed integral to the data collection and tr.
South Korean exports of environment friendly vehicles fell for the first time in the first quarter after reporting on-year increases in the past 12 quarters, an industry association said on Wednesday.Shipments of eco-friendly vehicles fell 5.6 .
Korea s top three battery firms — Samsung SDI, LG Energy Solution, and SK On — have been significantly impacted by slowing electric vehicle (EV) sales growth both domestically and internationally, as demand for EV batteries has decreased following a critical stage in the industry s development, according to data and industry officials, Wednesday.