Mercedes-Benz Korea President and CEO Mathias Vaitl attends a meeting with residents from an apartment complex in Incheon, Wednesday. Earlier this month, the carmaker's EQE electric vehicle, parked at an underground garage there, burst into flames, causing damage to other vehicles. Yonhap Secondary battery shares face growing uncertainty By Lee Min-hyung Customer concerns about electric vehicles (EVs) have intensified following a recent fire report involving an all-electric Model X luxury SUV from Tesla, the most beloved EV maker in Korea.

The incident further fueled the widespread fear of EVs here, after Mercedes-Benz's EQE EV burst into flames earlier this month. Drivers have since rapidly lost trust in the once-reliable German carmaker after it became known that the vehicle was equipped with a less-reliable Chinese battery. The recent fire involving a Model X resulted in the vehicle being completely destroyed after approximately four hours of firefighting efforts.

The vehicle was parked on a road in Yongin, Gyeonggi Province, on Friday afternoon. Tesla used a battery from Japan's Panasonic for its EV. This heightened fears that batteries from famous non-Chinese firms are also not safe either.

Will HMM continue to transport EVs, batteries by sea? 2024-08-18 16:37 | Companies Tesla's involvement in a similar incident raises further concerns about EVs here, especially as the U.S. automaker makes rapid inroads into the Korean market.

According to data from the Korea Automobile.