This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Tesla Model Y led SouthKoreas 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 SouthKorea climbed 24.4% to 21,199 units from 16,237 a year ago.
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.
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 SouthKorea.
Tesla bucked the trend in SouthKoreas 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.
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.
Toyota Motor has begun sales of Toyota-brand vehicles in SouthKorea 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.
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.
Tesla Cybertruck has reportedly made its way to SouthKorea for potential certification in the country. It would be the first market outside North America to have the all-electric pickup approved for sales and operation. The post Tesla Cybertruck lands in SouthKorea for certification appeared first on TESLARATI.
2018 marked a record year for the sale of battery-powered electric vehicles, according to data from JATO Dynamics. million sales throughout the year, up by 74% (about 1.5% of total global sales). The Model 3 became the world’s best-selling EV, as it was boosted by sales in North America, where it first became available.
Navigant Research forecasts that the United States will remain the largest national market for light-duty plug-in electric vehicles (PEVs) during the next 10 years, with LD PEV sales exceeding 514,000 in 2023. Navigant Research forecasts that the global LD PEV market will grow at a compound annual growth rate (CAGR) of 24.6%
GM expects the Spark EV to have among the best EV battery range in its segment and be the first electric vehicle to offer SAE Combo DC Fast Charging capability, when it goes on sale next summer. Apple’s Siri will be available for customers with compatible (4S and newer) iPhones. Earlier post.).
The Yomiuri Shimbun reported that the government of SouthKorea will introduce new regulations on the manufacture and sale of products containing lithium-ion batteries on 1 July. The rules reportedly could shut out products using Japanese-made lithium batteries from the South Korean market.
In addition, Chevrolet set record first-half sales in many countries, including Argentina, Brazil, Chile, China, Colombia, Denmark, Ecuador, France, South Africa, and Turkey. For the first half of 2011, Chevrolet recorded sales gains in all of its top five markets, including: The United States, up 16%; Brazil, up 0.4%
While the lithium-ion battery is dominant in battery-electric vehicles, NiMH batteries are still the most common in full hybrid vehicles (HEVs), according to a new report—“ Full Hybrid Electric Vehicle Markets 2021-2041 ”—from IDTechEx. Toyota is the ruling OEM in the global HEV car market, with more than 60% market share in 2019.
Tesla China’s sales records are constantly compared to the country’s biggest NEV maker, BYD. While Tesla’s market share in China has been evening out, BYD’s has steadily risen. However, Tesla’s sales in SouthKorea and the United Kingdom say otherwise.
The MOU establishes a process for appointing Integrated Energy to be the dealer of Detroit Electric products in Jeju Island, SouthKorea. The MOU establishes a process for appointing Integrated Energy to be the dealer of Detroit Electric products in Jeju Island, SouthKorea.
The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and SouthKorea) on the basis of three parameters: technology, manufacturing, and market. Forecasts for vehicle sales in China, the US and Japan have been corrected downward.
Deliveries of the BMW i8 got underway in the main international markets in June. SouthKorea is also an important supplier market for the BMW Group beyond the partnership with Samsung SDI. The BMW Group relies on a total of 20 South Korean suppliers. In the first half of 2014, sales reached 21,972 units (+19.3%
Accumulated number of xEVs in leading global markets. The US, Japan and China are leading the market, according to the analysis, followed by France, Holland, Norway and Germany. Japanese and US automotive groups are the leading providers, assisted by strong market incentive programs in countries. Click to enlarge.
Hyundai Motor Company will end sales of its best-selling electric vehicle, the Kona EV, after a series of fires and faulty braking systems prompted mass recalls in SouthKorea. According to Reuters, Hyundai was reviewing the end of Kona EV sales in SouthKorea, while an unidentified source said sales would continue in Europe.
Total PEV sales in Asia-Pacific. According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea.
Annual light-duty fuel cell vehicle sales through 2030. In a newly published research report (“ Fuel Cell Vehicles ”), Navigant Research forecasts that worldwide sales of light-duty fuel-cell vehicles (FCVs) will reach the 1,000 mark in 2015 and then begin a period of strong growth, surpassing 2 million vehicles annually by 2030.
Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. Navigant’s 10 predictions of significant trends shaping the PEV market in 2014 are: Click to enlarge.
Korea Times. Automakers in SouthKorea sold a total of 591 hybrids in February, represented 0.5% of the total market, down from a 0.6% new vehicle sales in January. February sales included: 266 units of Hyundai’s Avante hybrid, just more than half of the 526 sold in January. million won this month.
Stationary fuel cell revenue by market sector, world markets: 2011-2017. The stationary fuel cell market experienced 60% year-over-year growth in unit shipments between 2009 and 2010, according to a new report from Pike Research, which forecasts that sales volumes will continue to expand over the next several years, surpassing 1.2
Until recently, there have been only five Chinese mineral-based convertors supplying or scheduled to supply battery-grade lithium hydroxide to the overseas market: Ganfeng Lithium, Tianqi Lithium, Zhiyuan Lithium, General Lithium, and Yahua Lithium.
The Renault-Nissan Alliance has passed the 200,000 th electric vehicles sold mark and currently has a leading 58% market share for zero-emission cars (ZEVs) worldwide. Of those EVs, Japan-based Nissan has sold a cumulative 148,700 units worldwide since December 2010, when Nissan LEAF went on sale. went on sale in October 2011.
Beginning in 2016, GM will compete in Europe’s volume markets only under its Opel and Vauxhall brands. This is intended to improve the Opel and Vauxhall brands and reduce the market complexity associated with having Opel and Chevrolet in Western and Eastern Europe.
Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and SouthKorea. Similarly, of the automakers’ announcements that together total 22 million annual EV sales by 2025, about 2.3
The index—now in its tenth year—facilitates a comparison of competitive positions of the relevant automotive nations (the US, Germany, China, France, Italy, Japan and SouthKorea) in the field of e-mobility, based on an objective assessment of those countries in three key areas: technology, market and industry.
Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to SouthKorea, as well as export sales into other Asian markets.
Bosch has produced a map of automotive powertrain market share for Europe and select countries in the Americas and Asia. But outside these core markets as well, the diesel is becoming increasingly popular. The United States, for example, is a growth market. In SouthKorea as well, diesel is becoming more and more popular.
has received more than 1,000 pre-sale orders for its Avante/Elantra LPI hybrid since 17 June. The car, the world’s first production hybrid electric vehicle to be powered by a Liquefied Petroleum Injected (LPI) engine, goes on sale in SouthKorea next Wednesday (8 July). Hyundai Motor Co. Earlier post.)
earlier post ) signed a Letter of Intent (LOI) with BASF Corporation jointly to explore the North American market for ElectriPlast’s conductive thermoplastics. We see the conductive plastics market as a potentially important growth opportunity and the ElectriPlast technology as a leader in this developing industry.
The Ulsan, SouthKorea-based company will first export the engine to an onshore gas-powered power plant in the Middle East after final paint and packing work. We expect these high-output gas engines to help Hyundai Heavy expand our product lines, diversify target markets, and boost sales.
It also begins the mid-to-long term strategy for BEVs, plug-in hybrid (PHEV) and hybrid electric (HEV) vehicles to make up 40% of Kia’s total sales by 2030, with an annual sales target of 1.6 As part of this, Kia aims to grow its BEV sales to 880,000 units in 2030 and become a top global seller. kWh) and standard-range (58.0
Genesis Motor America announced the start of sales of its first electric vehicle, the GV60 ( earlier post ). The Genesis GV60 enters the US market with a number of available world-first automotive features, including Face Connect and a Crystal Sphere. Electrify America. Later this year, as part of Hyundai Motor Group’s $7.4-billion
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in SouthKorea.
Li-ion battery joint venture partners Bosch and Samsung SDI are disbanding their SouthKorea-based SB LiMotive JV. Based in Stuttgart, it focuses on systems engineering, battery management systems, prototyping, marketing, and sales. The agreement is subject to the approval of the antitrust authorities.
Tesla is preparing to surpass an important milestone in the sale of electric vehicles (EVs) in SouthKorea, after it initially began selling units in the country seven years ago. Let me know at zach@teslarati.com , find me on X at @zacharyvisconti , or send us tips at tips@teslarati.com.
Fuel cell light-duty vehicles sales, 2015-2020. According to a new report from Pike Research, commercial sales of fuel cell vehicles (FCVs) will reach the key milestone of 1 million vehicles by 2020, with a cumulative 1.2 Source: Pike Research. Click to enlarge. million vehicles sold by the end of that year.
Global electric passenger car sales totalled 280,000 units in 2014, representing growth of 43% compared with 2013; total global passenger car sales that year were 72 million units. The report projects annual EV sales in Europe of 500,000 units by 2019. Expected EV sales volume in 2016, 2019, 2022, 2025. 2015-YTD actual.
Sales of Chevrolet’s Spark (and Beat) have passed the 1-million mark worldwide. The Spark first went on sale as the Beat in India in late 2009. Today, the Spark is available in 71 markets worldwide, selling the most in SouthKorea, followed by the United States and Mexico.
SGL Group and Samsung established a strategic partnership for carbon fiber composite materials with the foundation of a marketing & sales joint venture. The primary objective of the cooperation is to develop new industrial and electronic applications with carbon composite materials for Samsung and the Korean market.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content