South Korea’s antitrust regulator is considering imposing penalties against US electric car maker Tesla Inc over its findings that the company exaggerated the specifications of its batteries, reported CNBC.
“We plan to hold a general meeting to review and determine the extent to which the automaker has violated the law and decide the level of sanctions,” an official at the KFTC told Reuters, asking not to be named due to the sensitivity of the matter.
Tesla, on its website, says its Model 3 can travel 528 km (328 miles) on a single charge.
The KFTC says however that the range may fall short of that should the temperature drop below freezing.
Analysts said most electric vehicles could generally experience some loss of driving range in cold weather.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
