A PYMNTS Company

Tesla Updates Practices After South Korean Antitrust Probe

 |  February 18, 2022

Tesla changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust regulator found that the automaker exaggerated the specifications of its batteries, reported Reuters.

The Model 3 sedan description on Tesla’s Korean-language web site was changed to say the vehicle is capable of travelling a “maximum” of 528 kilometres (328 miles) on a single charge, from “more than” 528 kilometres, screenshots captured by local media showed.

The Korea Fair Trade Commission (KFTC) this week said it had sent a report to the US electric vehicle (EV) maker stating that it had exaggerated the mileage of some of its models, including Model 3, in violation of the Act on Fair Labeling and Advertising.

Analysts said most electric vehicles could generally experience some loss of driving range in cold weather.

“The KFTC plans to give the automaker the opportunity to respond to our finding and then hold a general meeting to review and determine the extent to which the automaker has violated the law and decide the level of sanctions,” said a commission official, asking not to be named because of the sensitivity of the matter.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.