rom China, the largest import source, increased, with sales of Chinese-made vehicles in 2024 increasing 13.9% y/y to 303,000 units (2023 up 53.2% y/y), and their share of total imported vehicles also increased 1.3 percentage points from the previous year to 30.7%. This is due to the Hyundai Group's Kia brand starting to import and sell Chinese-produced models in Mexico. This means that one in five vehicles sold in Mexico in 2024 was produced in C...

Market & Tech Reports  Updated at: 2025/04/30

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup Hyundai and Kia to build EV plants in Korea, battery joint venture plants with LGES/SK On in the US Summary Korean government: Aiming to have 4.2 million EVs on the road by 2030, continuing EV subsidies in 2024 Korean vehicle production capacity is 4.48 million units, Hyundai and Kia building EV dedicated plants Hyundai Motor Group’s electrification strategy Hyundai Mo...

Market & Tech Reports  Updated at: 2024/07/25

igh-end electric off-road brand. In addition, it is developing its passenger car business through joint ventures with foreign companies such as Nissan, Honda, and Stellantis. In recent years, the dissolution of Dongfeng Renault, the bankruptcy of Dongfeng Yulon, and the withdrawal of Dongfeng Yueda Kia have accelerated the separation of underperforming joint ventures, and the company continues to reorganize its subsidiaries.  During the period o...

Market & Tech Reports  Updated at: 2022/09/01

  In 2021, around 1.67 million passenger cars and light commercial vehicles were sold in Russia. This puts Russia in 8th place among the world's largest automotive markets after South Korea and ahead of France and the UK.   The strongest manufacturer groups in terms of sales in 2021 are Hyundai-Kia with around 380,000 vehicles, Lada with 351,000 and the Renault-Nissan-Mitsubishi Alliance with 212,000 vehicles. Renault has owned a majority sta...

Market & Tech Reports  Updated at: 2022/05/06

launches of Genesis luxury brand models and compact SUVs Production in Korea declines to 3.95 million units in 2019, falling 12.6% y/y for Jan.-Sep. 2020 Korean automakers’ production capacity of 4.68 million in Korea and 5.51 million overseas Hyundai Motor Group: Hyundai launches Ioniq EV brand, Kia to release dedicated EV models GM Korea: strong demand for the new Trailblazer SUV boosts sales in Korea for January-September 2020 Renault Samsun...

Market & Tech Reports  Updated at: 2020/11/12

ntegrated self-driving commercial vehicles Overseas expansion: Aggressive advancement into Africa Sales overview: Foreign equity joint ventures are sluggish, and 2019 group sales are below the target of 4 million units Initiatives of major joint venture OEMs: Nissan, Honda launch electric vehicles, Kia and PSA suspend factory operations Dongfeng Motor Group sales numbers in China (factory shipments) Production forecast by LMC Automotive: Dongfeng...

Market & Tech Reports  Updated at: 2020/01/17

icle exports from Korea will decline by 0.5%.  Hyundai Motor Company global vehicle sales and sales revenue increased in 2018, led by its enhanced SUV model lineup, but its operating income decreased by about half due to a strong Won (KRW) and costs associated with U.S. recalls for faulty airbags. Kia Motors Corporation sold about the same number of vehicles globally y/y, but enjoyed increased sales revenue and operating income with the introduc...

Market & Tech Reports  Updated at: 2019/08/16

Korea: Hyundai and Kia to accelerate launching SUVs and electrified vehicles 2018 production and sales expected to fall below prior-year level; GM Korea to close Gunsan Plant Summary Korean automakers' production capacity of 4.56 million in Korea and 5.33 million overseas Hyundai Motor Group aims to boost sales by launching new SUVs and electrified vehicles Loss-making GM Korea to restructure its business with government's bailout Renault Samsung...

Market & Tech Reports  Updated at: 2018/05/21

the Fengshen brand, and one from the Venucia brand were selected. This total is made up of seven are passenger EVs, six EV buses, five EV city buses, and one HV bus. A60 EV 2015 joint venture brand (passenger vehicles) sales Dongfeng Motor has joint ventures with the PSA group, Nissan, Honda, Kia, and Yulon that recorded sales of approximately 2.83 million units in 2015 and accounted for 26% of the Group’s sales. Dongfeng Nissan 2016...

Market & Tech Reports  Updated at: 2016/07/20

Beijing Auto Show 2014: Japanese and Korean gasoline-powered models Toyota Corolla, Nissan Lannia, Hyundai ix25, Kia K4 among models on display Summary Toyota: The 11th-generation MC platform-based Corolla, Lexus, and NX 200t Nissan: Lannia, March-based Venucia R30, and locally-built Infiniti Q50 Honda: All-new Spirior concept, VEZEL and 3rd-generation Fit Suzuki: Concept ALIVIO and iV-4 Concept to be built locally Mazda: Fully-redesigned Atenza ...

Market & Tech Reports  Updated at: 2014/05/29

Korea aims to produce 4.6 million vehicles in 2014 New Hyundai Sonata to compete against imported cars Summary Hyundai/Kia Group's market share in Korea fell to 68% in 2013 German cars dominate Korean import market Production capacity of 5.56 million in Korea and 4.39 million overseas Hyundai Motor Group aims to sell 7.86 million units globally in 2014 GM Korea to cope with reduced production of vehicles for Europe Renault Samsung aims to increas...

Market & Tech Reports  Updated at: 2014/05/15

Central European countries: production of VW's subcompact Up! surges in Slovakia Daimler manufactures B-Class in Hungary; Fiat/GM production declines in Poland Summary 1H 2012 vehicle production grew by 51% in Slovakia while it fell by 26% in Poland 1H 2012 passenger car sales were up 5% to 367,000 in six central European countries Production facilities of major automakers Czech Republic: Hyundai's 1H 2012 production increases by 3% while that of...

Market & Tech Reports  Updated at: 2012/08/09