Imported eco-friendly cars make up 86.4% of sales, with subsidies covering EVs under KRW 53 million (US$35,000).

Overseas sales of passenger cars and pickup trucks totaled 789,367 units, up 68% from a year earlier.

The update is rolling out in stages to US-made Model 3 and Model Y vehicles with the feature activated.

Momenta said it expects to announce share allocations by July 7 and start trading on July 8.

Volkswagen invested about US$1.71 billion in its automated-driving tech with Bosch since 2022.

Imported EVs made up 42.8% of South Korea’s EV market last year, with Tesla selling 60,000 vehicles.

SpaceX has 650 satellites supporting its US direct-to-cell service and is expanding mobile spectrum holdings.

Polestar's US-listed American depositary receipts fell about 6% after the announcement.