Chinese EVs might eventually take over the Korean market
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First of all, Koreans have
a very strong resistance toward Chinese products.
There is a lack of trust and a strong image of being "cheap,"
but China's battery technology is excellent.
Knowing that there is high resistance in the Korean market,
they are entering through the public transportation sector first.
The number of Chinese-made electric buses and taxis is surging.
By gradually lowering that resistance like this,
and once they seep in by leveraging price competitiveness,
they might eventually take over the private vehicle market too.
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