Mobility

Surging fuel prices boost global EV sales but U.S. supply constraints limit growth

Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.

General News

Kyochon F&B indicted over cutting cooking oil distribution margin to zero

Kyochon F&B has been indicted on charges of violating the fair trade law by unilaterally eliminating distribution margins for two partner firms supplying cooking oil used to fry chicken, industry sources said. Prosecutors allege the company cut the margin per can from 1,350 won to 0 won between May and December 2021. An investigation found the partners suffered about 700 million won in losses.