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Hyundai and Kia’s Electrification Strategy and Korean Market Trends
ly 85% of GMK’s Korean production is shipped to the US, the brand is likely to face continued challenges in the near term. Tariffs are likely to impact GM Korea (GMK) the most, as the automaker has been shipping nearly 85% of its Korean production to the US. Hyundai Group—comprising Hyundai, Kia, Genesis—should also prepare for short-term challenges as a necessary step toward rebalancing its global operations. Renault Korea, despite curr...
Market & Tech Reports Updated at: 2025/10/23
Analysis Report: Lithium-Ion Battery (Japan, Europe, North America and Korea)
EV shift to 2 million units globally, 33 new EV models, and an investment of KRW 35.8 trillion. However, the Chinese business has been downsized and two plants have been sold. The shift to North America has become clear, and a dedicated EV plant, the "Meta Plant" (in Georgia, producing the Hyundai, Kia, and Genesis 3 brands), is scheduled to start up in the third quarter of 2024. Cell production has been mainly outsourced, with local sourcing fro...
Market & Tech Reports Updated at: 2024/10/18
Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup
tric PBV (Purpose Built Vehicle) dedicated plant. Production will start in 2025. PV5 (2025-planned), PV7 (2027-planned). Gwangju 477 541 Kia Sportage, Soul, Soul EV(e-Soul), Seltos, trucks and buses.EV5 (2025-planned). Autoland Gwangmyeong(Former Sohari plant) 313 252 Kia K9(Quoris/K900), Grand Carnival(Carnival/Sedona), EV9.EV3 (2024-planned), EV4 (2025-planned), EV7 (2025-planned).Production of Stinger, Stonic and Pride (Rio) ended in 2023....
Market & Tech Reports Updated at: 2024/07/25
Thailand International Motor Expo 2023 (1)
Expo was hosted in Bangkok with the concept of “Mobility: Imagination and Beyond”. There were 40 car brands from 11 countries and 23 motorcycle makers from 7 countries joining this event. OEM brands: Aion, Audi, Bentley, BMW, BYD, Changan, Ford, Great Wall Motor, Honda, Hyundai, Isuzu, Jeep, Kia, Lexus, Lotus, Maserati, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, Moke, Neta, Nex, Nissan, Peugeot, POCCO, Porsche, Subaru, Suzuki, Tata, Tesla...
Market & Tech Reports Updated at: 2023/12/27
Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity
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 EV production and two EV models...
Market & Tech Reports Updated at: 2023/07/05
Thailand International Motor Expo 2022 (2): It's time…Come touch the future
Thailand International Motor Expo 2022 (2): It's time…Come touch the future Exhibitions of Hyundai & Kia, Japanese OEMs, and Ford Summary Hyundai: Stargazer MPV, and IONIQ 5 and IONIQ 6 BEVs Kia: EV6 BEV, and new Carnival premium MPV Toyota: bZ4X BEV, and GR Corolla high-performance sport hatchback Lexus: RX450h+ PHEV Suzuki: Ertiga Smart Hybrid Honda: SUV e:Prototype BEV concept, and e:HEV lineup Subaru: Forester SUV with EyeSight 4.0 Mazda: 4...
Market & Tech Reports Updated at: 2022/12/21
Thailand International Motor Expo 2022 (1): It's time…Come touch the future
ternational Motor Expo, held in Bangkok from December 1-12, 2022, under the concept of “It's TIME…Come Touch the FUTURE”. The event brought together 35 car brands and 17 motorcycle makers from 8 countries, including Audi, Bentley, BMW, BYD, Ford, Great Wall Motor, Honda, Hyundai, Isuzu, Jeep, Kia, Lamborghini, Lexus, Maserati, Mazda, Mercedes-Benz, MG, MINE, MINI, Mitsubishi, Moke, Neta, Nissan, Peugeot, POCCO, Porsche, Subaru, Suzuki, Toyo...
Market & Tech Reports Updated at: 2022/12/21
Dongfeng Motor: Targeting sales of 1M each of CVs, own-brand cars, and NEVs by 2025
54 5,475 K3 28,719 19,925 10,053 4,504 K5 18,499 10,563 4,468 1,795 K4 Cachet 957 0 0 0 K2 1,493 0 0 0 SUV Sportage R 68,750 31,787 15,860 5,987 Yipao 20,145 18,332 10,201 4,945 KX3 44,660 21,541 8,972 4,826 KX5 11,174 2,741 1,704 296 KX CROSS 286 0 0 0 KX7 847 1,073 412 0 MPV Carnival 0 2,786 0 755 Total 252,501 163,383 79,757 36,008 eGT New Energy Automotive Sedan/Hatchback e Fengxing 0 23 15 0 SUV Spring Electric ...
Market & Tech Reports Updated at: 2022/09/01
Korean market and domestic brand trends: Semiconductor shortages reducing production and sales
ks, Staria(2022- planned) Kia Corporation Hwaseong 563 487 Kia K3 (Forte, Cerato), K5 (Optima), K8, Niro, Sorento, Mohave (Borrego), EV6 Gwangju 600 442 Kia Sportage, Soul, Soul EV (e-Soul), Seltos, trucks, and buses Sohari 320 214 Kia Stinger, Stonic, Pride (Rio), K9 (Quoris/K900), Grand Carnival (Carnival/Sedona) Seosan 280 164 Kia Morning (Picanto), RayThe Seosan Plant is a joint venture established with Donghee Industrial Co., Ltd...
Market & Tech Reports Updated at: 2022/03/01
India: Automotive sales impacted by Covid-19
ed and upcoming models use advanced technological components, thereby increasing the demand for semiconductors. This has led to a surge in global demand of semiconductors, a critical component in manufacturing of automotive electronics. All major OEMs in India such as, Maruti Suzuki, Tata, Hyundai, Kia, Mahindra etc. are engaging with their suppliers to mitigate the impact on production. The Indian passenger car market is dominated by compa...
Market & Tech Reports Updated at: 2021/03/15
CASE Development in India (Part 2): Mobility
icles OEM Technology Models Hyundai BlueLink Venue, Creata, Aura, Tucson, Creta Tata Motors iRA (Intelligent Real-Time Assist) Nexon and Nexon EV Ford FordPass EcoSport, Figo, Aspire, Endeavour, freestyle MG Motor iSMART Hector, Hector Plus, ZS EV, Gloster Kia Motor UVO connect Seltos, Carnival, Sonet Honda Honda Connect City Mahindra BlueSense XUV500, XUV300 Nissan NissanConnect Kicks Jeep Uconnect Compass Maruti Suzuki Su...
Market & Tech Reports Updated at: 2021/02/10
Thailand International Motor Expo 2020: Whatever Changes Will Be... Move On
Collection Suzuki: Swift GL MAX Edition Ford: Ranger 4-door racing pickup and Ranger XL Street Mercedes-Benz: GLA 200 AMG Dynamic SUV, and A 200 Progressive and A 200 AMG Dynamic sedans BMW: 4-series, and the all-new 430i M Sport 2-door Coupe Hyundai/Kia: Hyundai H-1 Impressive MPV, and all-new Kia Carnival Peugeot: all-new Peugeot 2008 SUV Volvo: PHEV line-up including XC40 and S90 Luxury models: Porsche, Maserati, Aston Martin, and Rolls-Royce ...
Market & Tech Reports Updated at: 2020/12/08
Korean market and trends of domestic brands: Tax breaks boosting domestic sales
d Ceed Sportswagon. U.S. 340 273 Manufactures the Sorento, K5 (Optima), Telluride, and Hyundai Santa Fe. Mexico 400 (3 shifts) 273 Manufactures the Forte (Cerato/K3), Rio, and Hyundai Accent. Kia Motors resumed production with one shift from June 2020. India 300 55 Manufactures the Seltos and Carnival. Kia Motors plans to start the manufacturing and sales of the new Sonet compact SUV in the fall of 2020. This USD 1.1 billion plant went on s...
Market & Tech Reports Updated at: 2020/11/12
Hyundai Motor Group: increasing electrified vehicle lineup with 44 models in 2025
as the Avante/Elantra and to expand its model lineup for SUVs. It entered a new segment for SUVs by introducing the Venue subcompact SUV. In 2020, Kia plans to launch the new Sorento flagship SUV in Korea, Europe and the U.S. In the Indian market where Kia entered in 2019, it will introduce the new Carnival MPV and the new Sonet compact SUV. Regarding expansion of production facilities, Kia established a new plant with an annual production cap...
Market & Tech Reports Updated at: 2020/06/22
Indian Auto Expo 2020: GWM and Haima announce new entry into Indian market
2025. Haima announced its India launch plan. Maruti Suzuki premiered its concept electric vehicle Futuro-e along with the new Ignis and Vitara Brezza. Hyundai India presented future mobility concepts and launched the new Tucson and Creta. Kia announced the global premier of Sonet and presented the Carnival MPV and Seltos X-Line Concept for the Indian market. MG Motor showcased SUV and MPV for Indian market with 14 models across various market se...
Market & Tech Reports Updated at: 2020/02/20
Korean market and trends of domestic brands: 2019 production forecasted to fall below 2018 level
onata 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 Bupyeo...
Market & Tech Reports Updated at: 2019/08/16
Korea: Hyundai and Kia to accelerate launching SUVs and electrified vehicles
at for imports was disclosed by Korea Automobile Importers and Distributors Association (KAIDA) at the end of 2017. Related Reports: OEM Electrification Strategies: Strengthening HVs and diversifying into EVs, PHVs, and FCVs (May 2018) Indian Auto Expo 2018: Exhibitions from Maruti Suzuki, Hyundai/Kia, Honda, and Toyota (Feb. 2018) Hyundai Motor: Launching the Genesis luxury brand and Ioniq green car series (May 2017) Hyundai: Global sales fall ...
Market & Tech Reports Updated at: 2018/05/21
Indian Auto Expo 2018: Exhibitions from Maruti Suzuki, Hyundai/Kia, Honda, and Toyota
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
Dongfeng Motor: Aiming for sales of 5.6 Million Units and 18% market share by 2020
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
Major features of new Hyundai-Kia lineup highlighted by increased use of ADAS
a in the US) debuted in Korea and the US in April 2015. Kia New Sorento The new Sorento midsize crossover SUV was released in Korea in August 2014 and went on sale in the US in January 2015. The SUV will be launched in Europe in the first half of 2015. New Sedona This midsize MPV is dubbed the 'Carnival.' The model was launched in Korea in June 2014 and went on sale in the US in September. The new Sedona for the US is a three-row MPV with sev...
Market & Tech Reports Updated at: 2015/06/11
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