a staff member hooks up a charging cable to an electric vehicle ev at a charging station in liuzhou guangxi zhuang autonomous region china july 31 2017 reutersstringerfiles by hyunjoo jin seoul a south korean automakers group called on friday for an end to generous state subsidies for sales of chinese electric vehicles evs citing a potential threat to local automakers and beijings discrimination against evs equipped with korean batteries jeong marnki president of the korea automobile manufacturers association said chinese automakers could boost ev exports as domestic demand suffered from a phasing out of beijings ev subsidies and a trade dispute with the united states advt chinese automakers which are undergoing difficulties at home are expected to turn their eyes into the neighboring korean market jeong told reuters in an interview south korea home to hyundai motor and kia motors offers one of the worlds highest subsidies for electric cars industry officials say chinese carmakers including byd accounted for nearly 40 percent of the 193 billion won 165 million in korean ev subsides provided to imported carmakers last year according to industry data however while chinese automakers are boosting ev sales in korea evs equipped with korean batteries are not eligible for state subsidies in china china has created an uneven playing field for foreign brands said jeong who heads the lobby group which represents hyundai kia and other domestic automakers international relations should be based on reciprocal principles if beijing wields a knife we should wield a knife too chinese carmakers are narrowing the gap with hyundai in the sale in south korea of electric buses which are eligible for subsides of 100 million won 85500 each according to industry data chinese automakers like baic are now looking at expanding into the passenger electric car segment in korea jeong said read alsodaimler taps goldman to raise china baic shareholding sourceshyundai motor profit jumps as south korea us sales offset china slumpchinese saic backed mg motors may bring ev below rs 10 lakhchinese ev maker chj seeks to raise up to 500 mln in growth push sources it is like south korea is using taxpayers money to nurture chinas ev industry advt jeong also said he was hopeful that the united states would exempt south korea from potential vehicle tariffs given that seoul made concessions on autos in a revised trade deal with washington us president donald trump has threatened to levy tariffs of some 25 percent on imported vehicles and auto parts on national security grounds i am optimistic about the decision but who knows trump is unpredictable jeong said reuters published on may 3 2019 at 0111 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community