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Tesla’s revenue decreased by 9% from previous year For the first time in four years, quarterly revenue has declined, falling below market expectations for both revenue and profit. However, investors are reassured about the business direction, leading to a 6% increase in after-hours trading. According to Tesla’s financial report released on the 23rd, first-quarter revenue was $21.31 billion, down 9% from the same period last year. Earnings per sh..
Kia unveils camouflage model of midsize pickup truck 'Tasman' Kia unveiled the camouflage model of its first midsize pickup truck, the 'Tasman', set to be launched next year, on the 23rd. The camouflage model is a preview of the general design direction before revealing specific details. The Tasman camouflage model signifies Kia's serious approach to the Australian market. Collaborating with Australian-New Zealand artist Richard Boyer Dunlop, Kia developed..
Cheap ‘Made in China’ fear… Even pro-China countries are turning their backs. Low-cost Chinese ‘fear’ shakes the world. Countries gear up to counter ‘inventory push-out’ US, Investigates unfair practices in Korea and shipping EU, to impose additional tariffs on Chinese electric cars in July Pro-China countries also take anti-dumping measures Major countries around the world are responding to China’s dumping with trade barriers. Facing China’s export of surplus products th..
Unsold Chinese EV-Electric Cars Pile Up in European Ports “Factories in China Keep Running, But Sales in Europe are Slow” The Financial Times reported that major ports in Europe are becoming ‘parking lots’ due to slowdowns in car sales and freight transport congestion. Citing major ports in Europe and the automotive industry, the newspaper identified the accumulation of unsold Chinese electric cars as one of the main causes. Even though there are no fu..
Electric cars are the future… the current crisis is an opportunity. “The transition to electric cars is an ‘expected future’ that won’t change. Let’s overcome the current challenges with SK’s unique spirit of challenge.” Park Sang-kyu, the CEO of SK Innovation, recently emphasized the value of the company’s mid- to long-term business strategy, ‘Carbon to Green (From Carbon to Environmentally Friendly),’ during a relay workshop with employees. His expression of d..
Hyundai Ioniq 6 received a perfect score in a long-distance driving evaluation The evaluation conducted by the German specialized magazine "Electric Drive," awarded Hyundai Ioniq 6 a perfect score of 5 out of 5 points in its electric car long-distance driving evaluation, known as the ED1000. Over a period of two weeks and a total of 2,000 kilometers of real-road testing, Ioniq 6 was assessed on six criteria, including its range, charging speed, driving performance, comfort..
Joining the Pickup Truck Craze: Kia Unveils its First Pickup Named 'Tasman' Kia is throwing its hat into the global pickup truck arena, and unveiled its inaugural pickup truck, dubbed 'The Kia Tasman'. The name 'Tasman' is inspired by Tasmania, the southernmost state of Australia, and the Tasman Sea. Tasmania is renowned for its rich culture and stunning natural landscapes. Kia highlights the bold pioneering spirit and the mystical allure of untamed nature found on the ..
Hyundai Ionia 6, Ranked #1 proving its competitive edge Hyundai's midsize electric sedan, the Ioniq 6, has proven its superior competitiveness in a comparison evaluation conducted by a leading German automotive magazine. According to Hyundai on the 11th, the Ioniq 6 ranked first in a recent comparison evaluation of three midsize electric sedans conducted by the German automotive magazine Auto Motor und Sport, surpassing the competing models from Pole..
(Korea's richest man) Kim Beom-Su to become Korea's wealthiest person Kakao's Board of Directors Chairman Kim Beom-su overtook Samsung Electronics Vice Chairman Lee Jae-yong to become the top wealthy person in Korea. According to the Bloomberg Billionaires Index, Chairman Kim Bum-soo became the richest person in Korea with a net worth of $13.5 billion. Vice Chairman Lee Jae-yong was second with a net worth of $12.3 billion. Chairman Kim's fortune is said to have i..
McDonald's reversed its earning. Thanks to BTS K-pop idol group BTS is proving its powerful power in the global distribution market. McDonald's, a global fast food franchise, announced that it recorded an 'earnings surprise' in the second quarter due to the BTS effect. During this period, McDonald's worldwide sales reached $5.89 billion, up 57% from the previous year. This is higher than the market consensus of $5.6 billion. Net profit was $..