South Korea’s automobile exports increased to US$37 billion in the first half of the year, contributing nearly one-third of new energy vehicles

[TechWeb] News on July 19, according to foreign media reports, thanks to the vigorous development of electric vehicles and hybrid vehicles by Hyundai Motor Group’s two major brands, Hyundai and Kia, South Korea’s new energy vehicles are also exporting a large number of new energy vehicles.

They also account for a certain proportion of their overall automobile exports.

Foreign media quoted data from the South Korean Ministry of Trade, Industry and Energy as saying that in the first half of the year, their automobile exports reached 51.

2 trillion won, or about 37.

01 billion US dollars, up from 36.

55 billion US dollars in the same period last year, a year-on-year increase of 3.

8%, setting a new high.

According to foreign media reports, nearly one-third of South Korea’s automobile exports in the second quarter came from new energy vehicles, which reached US$12.

19 billion, but it was less than the same period last year, down 2.

1% year-on-year.

In the first half of the year, South Korea’s exports of new energy vehicles fell year-on-year, mainly due to the decline in export volume.

Data from South Korea shows that in the first half of the year, they exported a total of 380,000 new energy vehicles, down 0.

4% year-on-year.

According to data released by South Korea, the decline in their exports of new energy vehicles in the first half of the year was related to the decline in exports of pure electric vehicles and plug-in hybrid vehicles.

The former’s exports fell by 19% year-on-year, and plug-in hybrids.

Exports of electric vehicles fell by 24.

8% year-on-year.

In terms of market, North America is still South Korea’s main export market for automobiles and an important market driving the growth of their automobile exports, reaching US$21.

72 billion in the first half of this year, a year-on-year increase of 25.9%. (Hailan), return to the first electric network home page>,.

Link to this article: https://evcnd.com/south-koreas-automobile-exports-increased-to-us37-billion-in-the-first-half-of-the-year-contributing-nearly-one-third-of-new-energy-vehicles/

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