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Tesla Model Y tops South Korea import sales in February 2025

Teslarati

The Tesla Model Y led South Koreas imported car market in February 2025 with 2,038 units sold, as per data from the Korea Automobile Importers & Distributors Association (KAIDA). Total imported passenger car registrations in South Korea climbed 24.4% to 21,199 units from 16,237 a year ago.

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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

Green Car Congress

million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales.

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IHI and Hyundai WIA form turbocharger JV in South Korea

Green Car Congress

Market demand continues to grow in line with new down-sized engines and government regulation for fuel consumption and exhaust emissions. IHI Group’s Turbocharger business aims at a target of 10 million units per year sales. 1 brand in Asia through the joint-business in South Korea.

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Tesla Model Y and Model 3 shine in South Korea during 2024

Teslarati

Tesla bucked the trend in South Koreas vehicle import market by selling 29,750 vehicles over the course of 2024. These results highlight Teslas strong performance in the domestic South Korean auto market, which came despite the headwinds experienced by the countrys overall auto segment last year. compared to 2023.

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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

Green Car Congress

Zhejiang Geely Holding Group and Renault Group have signed a cooperation agreement to launch all-new vehicle lineup for the South-Korean market. Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export.

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Toyota Launches Sales of Prius and Camry Hybrid in South Korea

Green Car Congress

Toyota Motor has begun sales of Toyota-brand vehicles in South Korea at five new dealerships, including three in Seoul, established by TMC’s local distributor Toyota Motor Korea Co., TMC has set an initial combined monthly sales target of 500 vehicles and aims to increase that number to 700 vehicles beginning in 2010.

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Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales

Green Car Congress

We more than tripled sales of our plug-in hybrids and all-electric cars. Sales of plug-in hybrids almost quadrupled to more than 115,000 units. kWh/100 km) achieved sales of about 1,700 vehicles. With sales of 2,164,187 units (-7.5%), Mercedes-Benz maintained a leading global position compared with its core competitors.

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