South Korea fines Tesla $2.2 million over EV range disclosures

has suffered another blow after a South Korea regulator said it would fine the company 2.85 billion won ($2.24 million) for failing to disclose the shorter ranges of its electric vehicles in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla EV ranges drop by up to 50.5 percent in cold weather, compared with the ranges that the company stated online.

The antitrust agency claimed that Tesla exaggerated the ranges of its vehicles on a single charge, the…

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