main at the 3.0 million level. Since the enactment of the Trump administration’s tariffs in April 2025, Korean LV production has receded by 3% YoY, while exports to the US have dropped by 6% YoY, even though domestic deliveries of local models increased by 3% YoY in the April-May 2025 period. Hyundai Group (including the Genesis brand) experienced a 2% YoY decline in its output, reflecting the shift of some BEV production to the new ...

Market & Tech Reports  Updated at: 2025/10/23

lantra), Tucson, Santa Fe, Ioniq 5, Palisade, Venue, Staria, NEXO/Genesis G90, G80, G70, GV80, GV70, GV60.Construction of an EV dedicated plant (annual capacity of 200,000 units) scheduled to be completed in 2025. Asan 300 283 Hyundai Grandeur(Azera), Sonata, Ioniq 6.The plant was halted in the period from Dec. 31, 2023 to Feb. 13, 2024 for the preparation of the production of the Ioniq 9. Jeonju 103 40 Hyundai buses and trucks, Staria.Constr...

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

erato), K5, K8, Niro, Sorento, Mohave (Borrego), EV6, pickup truck (TK1) (2024-planned) Electric PBV dedicated plant 150(2025) - PBV (project name: SW) (2025-planned) Gwangju 477 472 Kia Sportage, Soul, Soul EV (e-Soul), Seltos, trucks and buses Autoland Gwangmyeong 313 276 Kia Stonic, Pride (Rio), K9 (Quoris/K900), Grand Carnival (Carnival/Sedona), EV9Production of the Stinger ended in March 2023.The production line will be renovated for E...

Market & Tech Reports  Updated at: 2023/07/05

ment from friendly countries) and "near-shoring” (procurement from neighboring countries) to secure procurement of scarce resources that will become increasingly important for the automobile industry. As the economic recovery has made labor shortages in the U.S. a regular occurrence, Mexico's superiority as a manufacturing hub has grown as a neighboring friendly country with low labor costs and zero tariffs if certain conditions are met through...

Market & Tech Reports  Updated at: 2023/04/24

of the industry since the USMCA went into effect, investment activity in Mexico has been strong. According to the International Trade and Development Council, foreign direct investment in Mexico in 2020 was USD 29 billion, and in a year-to-year comparison, while the U.S. is down 40% over the same period due to the COVID-19 pandemic, foreign investment in Mexico is down only 15%, moving up to 9th in the world rankings from 14th in 2019. Investment...

Market & Tech Reports  Updated at: 2022/04/01

tic brands: Tax breaks boosting domestic sales (Nov. 2020）   This report is for customer members only. 9 pages remaining.Read more at no cost for a limited time by registering for a free trial.   The Korean government reduced the individual consumption tax on cars by 70% (5% →1.5%) for the period from March to June 2020 to support the automotive industry which was impacted by the COVID-19 pandemic. From July 2020, the tax break continued a...

Market & Tech Reports  Updated at: 2022/03/01

ung begins production of the new compact SUV XM3 Ssangyong suffers from loss-making operations, Mahindra withdraws a new investment plan Production forecast by LMC Automotive: Korean light vehicle production expected to decline to 3.74 million units in 2020   Vehicle sales in Korea in the period January-September 2020 increased by 6.9% year-over-year (y/y) to 1.2 million units. While vehicle sales in the world were negatively impacted by ...

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

fting production to the U.S. Notes: (*1) Core components: Engine, transmission, body chassis, axles, suspension, steering systems, and lithium batteries (*2) Main parts: Bearings, fuel pumps, starters, bumpers, brakes, clutches, seats, etc. (*3) Complementary parts: Instrument panel, plastic interior panels, catalyst, etc. Quantity provision “USMCA Side Letters related to Section 232”: Export volume of finished vehicles According to th...

Market & Tech Reports  Updated at: 2020/07/17

a), Sonata Jeonju 103 29 Hyundai buses and trucks Kia Motors Hwasung 563 464 Kia K3 (Forte, Cerato), K5(Optima), K7 (Cadenza), Niro, Sorento, Mohave (Borrego) Gwangju 490 439 Kia Sportage, AM, Soul, Soul EV (e-Soul),Seltos (2019-), trucks and buses Sohari 320 292 Kia Stinger, Stonic, Pride (Rio),Carnival, Ray, K9 (Quoris/K900) Seosan 230 258 Kia Morning (Picanto). TheSeosan plant is a joint venture established with Donghee. GM Korea B...

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

Mexico shifting production of compact cars to SUVs/pickups to meet the US demand New president could threaten economic outlook, ratification of USMCA facing obstacles Summary 3.91 million units produced, 88% exported, 1.42 million units sold domestically, imports account for 65% GM outperforms Nissan in production and exports GM, Nissan, FCA, VW, Hyundai-Kia, Ford, Toyota and Mazda’s activities in Mexico 74% of exports destined for the US, sale...

Market & Tech Reports  Updated at: 2019/04/11

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

Indian Auto Expo 2018: Exhibitions from Maruti Suzuki, Hyundai/Kia, Honda, and Toyota Major OEMs show new SUVs and EV variants for Indian market Summary Maruti Suzuki displays concept with new design language Kia Motors unveils SP Concept Hyundai Motor India displays IONIQ EV Honda Cars India debuts 2nd-generation Amaze Toyota Kirloskar Motor showcases Yaris Auto Expo, which is jointly organized by the Society of Indian Automobile Manufacturers (...

Market & Tech Reports  Updated at: 2018/02/16

for 2020. Together, these will increase total production capacity by roughly 600,000 vehicles. Major automakers locally produce compact cars and pickup trucks, which have strong demand in the Mexican market, while also exporting these vehicles to North America and Latin America. In recent years, various OEMs have released new SUVs, such as the Nissan Kicks, Chevrolet Equinox, Jeep Compass, and VW Tiguan. Not only are these vehicles produced and ...

Market & Tech Reports  Updated at: 2017/10/10

ill examine the new product strategy of Hyundai Motor Company and its sales trends. While the OEM's performance has been at a standstill in recent years, it plans to focus on enhancing its product and brand value to achieve stable sales as well as revenue and profit growth. Specifically, over the period 2016 - 2017 it launched the Genesis luxury brand, released the Hyundai Ioniq and Kia Niro green car series, and is planning the release the high-...

Market & Tech Reports  Updated at: 2017/05/23

on Group is China’s second largest OEM. It is engaged in producing and distributing passenger and commercial vehicles. The company known today as Dongfeng Motor was established as Second Automobile Works in 1969, and manufactured commercial vehicles. Currently, the company not only manufactures various passenger and commercial vehicles, but also manufactures engines and auto parts, and even handles logistics as well. Dongfeng Motor’s sales h...

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

l 1 million units in 2016. Dongfeng Motor: Annual sales plans and targets by major subsidiary OEM (Joint capital) Sales Plans and Targets     Dongfeng Motor             Corporation     (The JV partners:     Renault-Nissan,     AB Volvo and UD Trucks,     Honda, PSA, Kia,     and Yulon Motor) * In 2013: total of passenger cars and commercial vehicle: 3.3 million units (value planned in early 2013, which include ...

Market & Tech Reports  Updated at: 2014/01/10

roup's passenger car sales network in China by brand (Reference) Sales volumes of Hyundai Motor Group's three Chinese JVs by model    In these years, Korean Hyundai Motor Group (including Kia Motors) has expanded its sales significantly in the Chinese market. During the January to October 2013 period, its combined sales of locally produced passenger and commercial vehicles increased by 20% year-over-year (y/y). Hyundai Motor Group has revealed...

Market & Tech Reports  Updated at: 2013/12/06

significantly declined due to the government's import restriction measures. A fall in production should be attributable to late deliveries of the parts affected by the import restrictions and vehicle sales downturn for the first half of 2013 in Brazil, Argentina's top export destination. For the period from January to April in 2013, Argentine sales and production have increased over the same period last year.  According to LMC Automotive's fore...

Market & Tech Reports  Updated at: 2013/06/19

ced) UAZ (Sollers' subsidiary) Ulyanovsk (Samara Region) 120 (Sollers-Isuzu transferred production in June 2012) Isuzu N-Series (Elf); UAZ brand vehicles KAMAZ Inc. Naberezhniye Chelny (Tatarstan Republic) 66 Kamaz, M-Benz, Fuso trucks Avtotor Kaliningrad (Kaliningrad Region) 300→350 (2014) Kia, Hyundai, BMW, Chevrolet, Cadillac, and Opel brand vehicles TagAZ Taganrog (Rostov Region) 180 Hyundai, TagAZ, and BYD brand vehicles General ...

Market & Tech Reports  Updated at: 2012/12/07

hat is based on the Beetle Audi exhibits 2013MY New A4, S4, and A3 e-tron BMW showcases ActiveHybrid models of 5 Series and 3 Series Mercedes-Benz exhibits the New SL high-end model and a HV that is based on the E-Class VOLVO showcases the XC60 Plug-In Hybrid Concept Porsche exhibits 911 Carrera Cabriolet  The 2012 North American International Auto Show (Detroit Auto Show) was held in Detroit, Michigan on January 9-22, 2012. The exhibition repor...

Market & Tech Reports  Updated at: 2012/03/09