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.”

Liittyvät artikkelit

Executives from LG Energy Solution and Mercedes-Benz shaking hands to announce a 2 trillion won battery supply deal for EV markets in North America and Europe.
AI:n luoma kuva

LG Energy Solution signs 2 trillion won supply deal with Mercedes-Benz

Raportoinut AI AI:n luoma kuva

South Korean battery maker LG Energy Solution has signed a 2.06 trillion won battery supply deal with Mercedes-Benz. The agreement, starting in March 2028 and running through June 2035, will supply batteries to North American and European markets, accounting for 8% of the company's 25.6 trillion won sales in 2024.

Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the hypercompetitive auto market. Beijing Hyundai, the joint venture with BAIC Group, stated it will open core capabilities in electrification and intelligent technologies, dispatch senior experts, and introduce the premium brand.

Raportoinut AI

Imported vehicles, spearheaded by Tesla, are approaching a 20% share of the South Korean automotive market. In response to a domestic sales slump and rising imports, Hyundai is reorganizing its leadership structure. This development highlights growing competition in the local industry.

Geely Group has introduced the premium electric vehicle brand Zeekr for the first time in Indonesia at the Indonesia International Motor Show (IIMS) 2026 on February 5, 2026. The launch includes a pre-booking program for two key models, Zeekr 009 and Zeekr 7X. This marks Geely's expansion in the domestic electric vehicle market.

Raportoinut AI

Autolarte – Moevo marks its 75 years in Colombia's automotive sector with a projected investment of nearly 7 billion pesos in its electric vehicle portfolio. The company, featuring brands like BYD, Hyundai, and Farizon, aims to expand its footprint through new openings and acquisitions in key areas. This initiative aligns with record-high sales of electric and hybrid vehicles in the country.

New data shows Tesla's electric vehicle sales in Europe dropped 27.8% in 2025 compared to 2024. Registrations fell from 326,000 to 235,000 vehicles amid growing competition and policy changes. This slowdown raises questions about the brand's momentum in the EV market.

Raportoinut AI

Chinese carmakers sold more than 2.6 million electric vehicles to overseas markets last year, up 104 percent from the previous year, according to the China Association of Automobile Manufacturers. As the world's leading EV producer, China benefits from low production costs and advanced battery technologies that make its vehicles highly competitive globally. Yet, export growth is now facing a slowdown.

 

 

 

Tämä verkkosivusto käyttää evästeitä

Käytämme evästeitä analyysiä varten parantaaksemme sivustoamme. Lue tietosuojakäytäntömme tietosuojakäytäntö lisätietoja varten.
Hylkää