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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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IHI and Hyundai WIA form turbocharger JV in South Korea

Green Car Congress

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. The Vehicular Turbocharger business unit of IHI Group is already the leading in Asian markets, including China, Japan and Thailand, the company claims.

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

Green Car Congress

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. BNEF expects North America sales to come in around 425,000 units, up modestly from 405,000.

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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

Renault Group and Geely Holding Group, China’s largest privately-owned automotive group, have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient Hybrid Electric Vehicles (HEV) and Internal Combustion Engine (ICE) models to the South Korean market as well as for export sales.

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Volvo Trucks starts selling electric trucks in South Korea

Electric Cars Report

Volvo Trucks is now starting sales of heavy battery electric trucks in South Korea, as the first global manufacturer to do so. Three different electric models are now available for South Korean transport companies to order – helping them, and the government, to reach ambitious climate targets.

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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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