Mercedes-Benz Korea was slapped with a 12.23 billion won ($7.64 million) fine for misleading customers with false battery information on some electric vehicles (EVs), which triggered a major safety scandal in 2024, the Fair Trade Commission (FTC) said Tuesday. The nation’s antitrust watchdog also ordered the carmaker to rectify its deceptive marketing practices. According to the investigation findings, the carmaker concealed the actual battery supplier for certain models — its EQE and EQS EVs — and claimed in promotional materials that the vehicles were equipped with batteries from CATL, the world’s largest battery maker from China. Mercedes-Benz Korea distributed an internal sales manual to dealers in June 2023 with detailed information about its EV lineup. Even if many of the models were equipped with battery cells produced by Farasis Energy, a much lesser-known Chinese supplier than CATL, the carmaker focused on promoting the upsides of CATL batteries in the manual and omitted the fact that it also equipped some of the models with Farasis batteries. The FTC launched the inves
Mercedes-Benz Korea fined $7.64 mil. over misleading EV battery information
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