Remove Market Remove Sale Remove South Korea
article thumbnail

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.

article thumbnail

BYD will challenge Hyundai and Kia with low-cost EVs launching in South Korea

Baua Electric

China’s leading EV maker is set to drastically shake up the South Korean auto market. BYD officially announced plans to launch in South Korea with its low-cost EVs poised to challenge Hyundai and Kia on their home turf. The company is establishing a sales and service network in the region as it finalizes the details.

article thumbnail

BYD to face Tesla in new market [Feature]

Teslarati

BYD will be facing Tesla in a new market: South Korea. The Chinese automaker recently announced it would enter South Korea’s passenger car market next year. BYD entered the South Korean market in 2016 with commercial vehicles like buses, forklifts, and trucks.

BYD 95
article thumbnail

Hyundai Ends Kona EV Sales in South Korea

The Truth About Cars

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 South Korea. According to Reuters, Hyundai was reviewing the end of Kona EV sales in South Korea, while an unidentified source said sales would continue in Europe.

article thumbnail

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.

Mercedes 301
article thumbnail

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.

article thumbnail

Tesla Model Y is the best-selling imported car in S Korea in H1 2024

Teslarati

The Kaizuyu Data Research Institute released a report on July 7 stating that Tesla sold a total of 10,041 units in South Korea in the first half of the year. The Tesla Model Y Q1 2024 sales increased 395.4% Mercedes-Benz and BMW usually top the car market in South Korea.