roduction volume increased for the third consecutive year, preparing for EV production Stellantis: Begins production of a large van in Mexico, its first mass-produced EV in North America Ford: Continues to significantly increase production, with sales of the EV "Mustang Mach-E" also growing Hyundai/Kia: Starting production of new compact sedan and considering EV production Toyota: Began production of the new Tacoma, aiming to increase HV sales ra...

Market & Tech Reports  Updated at: 2024/06/14

Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity Kia to set up electric PBV plant in Korea, Hyundai to construct EV plant in U.S. Summary Korean government: Planning to produce 3.3 million EVs by 2030, granting EV subsidies of up to KRW 5 million Korean automaker production capacity is 4.5 million units, with the Hyundai Motor Group accounting for 78% of the total Hyundai Motor Group’s electrification...

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

lans to produce North America's first first large van EV in Mexico Ford: Significant increase in production by limiting production to popular U.S. models; Mustang Mach-E also growing VW: Jumped to second place in terms of production volume in 2022, with plans to produce EVs starting in 2025 Hyundai/Kia: jumped to third place in domestic sales in Mexico Nissan: Production and sales both declined due to production constraints caused by semiconducto...

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

c sales to vehicles imported from China VW: Strengthens its SUV lineup for the U.S. market with the start of production of the “Taos” Toyota: Production in Mexico consolidated into Tacoma for the North American market Stellantis: Started selling re-badged models from China joint venture Hyundai/Kia: steadily increasing market share in domestic sales, closing in on the top three Ford: Switching production models to popular light trucks and str...

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

edings in December 2020 and had been looking for a buyer, signed an acqisition contract with a consortium led by Edison Motors, a South Korean electric bus start-up. The company will rebuild its business under a South Korean EV manufacturer. Genesis G90 full-size sedan (Photo: Hyundai Motor) Kia Niro all-new compact SUV (Photo: Kia)   Korean vehicle production, sales, exports, and imports (Units) 2014 2015 2016 2017 2018 2019 2020 ...

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

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

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

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

Korea expects vehicle production of 4.7 M and sales of 1.4 M in 2013 Hyundai/Kia's overseas production surpasses domestic production for the first time Summary 2012 sales in Korea decrease by 4.3% to 1.41 M; exports reach a record high of 3.17 M Korea-US Free Trade Agreement comes into effect Korean OEMs have production capacity of 5 M in Korea and 3.64 M overseas Hyundai Motor Group aims to sell 7.41 million units globally, up 4% y/y, in 2013 GM...

Market & Tech Reports  Updated at: 2013/04/17

Korea: Hyundai/Kia expands overseas production capacity to 4.14 million in 2012 GM Korea replaces Daewoo brand with Chevrolet while SsangYong restarts under India-based Mahindra Summary In 1H 2010, production in Korea posted a record high with 2.3 million vehicles Korea: Korea-EU free trade agreement (FTA) takes effect while it reaches an agreement on Korea-U.S. Free Trade Agreement Korean OEMs have production capacity of 5.18 million in Korea an...

Market & Tech Reports  Updated at: 2011/09/27

Hyundai Motor Group in China: increases production capacity to 1.9 million passenger cars Beijing Hyundai enhances high-end vehicles while Dongfeng Yueda Kia focuses on SUVs and sports sedan Summary Enhancement of annual production capacity of passenger cars: from more than 1 million in 2011 to 1.9 million by 2015 Entry into production of commercial vehicles: Hyundai forms an alliance with Sichuan Nanjun Automobile, preparing production capacity ...

Market & Tech Reports  Updated at: 2011/07/08

Features on new Hyundai/Kia vehicles: fuel-thrifty engines and start/stop systems Increasing availability of Vehicle Stability Management (VSM); starting telematics services in US Summary Introducing direct-injection engines and direct-injection turbocharged engines; increasing availability of start/stop systems D segment: Advanced driving assist systems on Hyundai Grandeur, a mid-sized high-end sedan C segment: Hyundai's new model, Veloster, mak...

Market & Tech Reports  Updated at: 2011/06/09