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Tesla, Chinese battery firms hit by Korea's new EV subsidy rules

The Ministry of Environment has unveiled revised rules regarding subsidies for the purchase of electric vehicles (EVs) this year, which are seen as being unfavorable for Tesla, CATL and other Chinese battery makers that have focused on producing LFP (lithium ferro-phosphate) batteries, according to industry officials, Tuesday.
South Korea Korea Automobile Importers Distributors Association Ministry Of Environment Tesla Model Korea Automobile Importers Distributors Association

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