Mercedes-Benz Korea appoints new CEO to accelerate EV transition

Mercedes-Benz Korea has appointed Shirin Emeera as its new CEO, effective July, tasking her with the successful launch of key electric vehicle (EV) models. The company faces challenges from declining EV sales following a fire incident involving an EQE sedan two years ago.

Shirin Emeera will take office as CEO of Mercedes-Benz Korea in July, succeeding Mathias Vaitl. Her top priority is the successful launch of key strategic EV models, including the all-new electric CLA and electric GLC, slated for later this year. These models target popular segments in Korea to attract a broader customer base. The company plans to introduce 10 new models in the local market this year. Two years ago, a fire involving an EQE sedan in an Incheon underground parking lot damaged around 140 vehicles and hospitalized 23 people, severely tarnishing the EV brand's reputation. EV sales rose from 1,363 units in 2021 to 5,006 in 2022 and 9,184 in 2023, but fell to 4,506 in 2024 and 2,118 in 2025. In contrast, BMW Korea sold 5,821 EVs in 2025, outperforming Mercedes along with BYD Korea, Audi Korea, and Porsche Korea. The electric CLA features Nvidia's Alpamayo autonomous driving platform, the first model powered by it, unveiled globally by Nvidia CEO Jensen Huang. Under the outgoing CEO, the firm expanded its Maybach luxury brand, opening the world's first dedicated Maybach Brand Center in Seoul in July last year. An industry official said, “The success of these new electric models will be crucial in determining whether Mercedes-Benz Korea can turn the tide after years of being embroiled in EV-related fire controversies.”

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Elon Musk discusses Giga Berlin expansions for Cybercab, Semi, and Optimus amid works council tensions in a realistic factory scene.
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Elon Musk outlines Giga Berlin expansions for Cybercab, Semi, Optimus amid works council election tensions

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In a video interview with Giga Berlin plant manager André Thierig, Tesla CEO Elon Musk detailed expansions including battery production, Cybercab robotaxis, Semi trucks, and Optimus robots—but warned plans depend on the factory avoiding IG Metall influence in upcoming works council elections, amid production drops and slumping European sales. He assured the site would not close.

Mercedes-Benz unveiled the C-Class as a fully electric vehicle for the first time on Monday in Seoul. CEO Ola Källenius praised it as the perfect package of performance, comfort, and technology. The model aims to boost sales and the EV quota for the struggling manufacturer.

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Samsung SDI signed a multiyear electric vehicle (EV) battery supply agreement with Mercedes-Benz Group AG in Seoul on Monday. The deal marks the first such supply contract between the companies, providing high-performance batteries for next-generation EVs. The firms also agreed to expand cooperation in future mobility, including joint development of advanced battery technologies.

At the Auto China 2026 in Beijing, Chinese firms like BYD and Geely unveiled advanced electric vehicles with up to 950 km range and fast charging. Some models could reach Mexico, though they target the Chinese market primarily. The US has blocked Chinese car sales.

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The head of Samsung SDI's research center stated on March 11 at the opening of InterBattery 2026 in Seoul that the company plans to overcome electric vehicle industry slowdowns through opportunities in energy storage systems and robotics. Joo Yong-lak emphasized that the battery industry will lead growth in ESS, robots, and urban air mobility sectors. The event, South Korea's largest battery trade show, features nearly 670 firms from 14 countries.

Canada is set to issue import permits for China-made electric vehicles under a new trade deal. Tesla is pulling its US-made Model 3s and switching to China-produced vehicles to dominate the quota. Chinese EV makers have not yet announced their plans for the Canadian market.

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Electric vehicle sales worldwide dropped 3% in January 2026 compared to the previous year, extending the slowdown seen after BYD overtook Tesla as the top global EV seller in 2025. Tesla faced sharp declines in key markets like China, the US, and Europe due to policy changes, rising competition, and reputational issues, reporting its lowest sales in China since late 2022.

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