According to a report released by the agency, China’s electric vehicles are rapidly emerging in the Korean market, accounting for 33.
1% of the market.
However, the report also pointed out that the main reason why the share of electric vehicles produced in China increased from 14% last year to 33.
1% was the import of Chinese-made Tesla into South Korea.
, the report also pointed out that there is a significant price difference between cars made in China and cars produced in other countries, and the average price of Chinese brand electric vehicles in major markets is only half that of other brands.
China’s complete supply chain system makes it possible to make electric vehicles in China at a lower cost.
It is understood that more than 70% of the world’s battery production capacity is concentrated in China.
, although the global electric vehicle market grew by 10.
6% last year, South Korea’s electric vehicle market has hardly grown, and even dropped by 15.
3% in the first half of this year, mainly due to the high price of electric vehicles sold in South Korea.
,” the agency said that in order to deal with competition from China, it is necessary to urgently formulate strategies and recommend pursuing differentiation in various aspects such as autonomous driving, smart functions and design.
It is necessary to adjust investment plans and operating plans based on market trends and new forecasts for the pure electric vehicle market.
(Text/Car Home Qin Chao), , return to the first electric network home page>,.
