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Mobility

EV battery prices fall but insurance premiums surge, becoming a hurdle to adoption

Rapid rises in car insurance premiums and repair costs in Europe are weakening the cost-saving appeal long seen as a key advantage of switching to electric vehicles, an analysis shows. While battery prices keep falling and the EV market grows, surging insurance and maintenance expenses, shortages in charging infrastructure and added strain on power grids are emerging as hurdles. Oil price gains support demand, but wider adoption may hinge on costs, chargers and grid integration.

AI & Enterprise

Daedong posts 377.7 billion won in Q1 sales, speeds shift to AI farming operations platform

Daedong said it posted consolidated first-quarter sales of 377.7 billion won and operating profit of 6.0 billion won. Sales fell 2.4 percent from a year earlier and operating profit also declined, citing a global farm machinery slowdown, U.S. tariff burdens and increased investment in AI and robotics. The company said it is accelerating a shift to an AI farming operations platform linking AI tractors, agricultural robots, precision agriculture and smart farming.