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South Korea's car exports fell by 20.7% in September, and new energy vehicle exports hit a new high
publisherGordon
time2021/10/25
- South Korea's car exports fell by 20.7% in September, and new energy vehicle exports hit a new high
South Korea's car exports fell by 20.7% in September, and new
energy vehicle exports hit a new high
According to foreign media reports, on October 15, data released
by the Ministry of Trade, Industry and Energy of South Korea showed that due to
the global shortage of automotive chip supply and holidays, in September, South
Korean car production was 229,423, a year-on-year decrease of 33.1%;
domestically; Automobile sales were 1,139.32 million vehicles, a year-on-year
decrease of 29.7%; export sales were 151,689 vehicles, a year-on-year decrease
of 20.7%, ending eight consecutive months of year-on-year growth; exports were
US$3.56 billion, a year-on-year decrease of 6.1%.
South Korea’s Ministry of Trade, Industry and Energy stated:
“The continued global chip shortage, coupled with South Korea’s five-day Autumn
Eve holiday to celebrate the Autumn Eve, reduced working days, which have led
to a reduction in automobile exports and production. "
From
the perspective of vehicle models, in September, the export volume of new
energy vehicles hit a record high, thanks to the strong demand for such
vehicles in the global market. In September, South Korea’s export of new energy
vehicles was 34,823, an increase of 31.3% over the same period last year; the
export value was US$1.04 billion, an increase of 46.8% year-on-year. This is
the first time that South Korea’s export of new energy vehicles has exceeded
the US$1 billion mark.
Among them, the export volume of South Korean electric vehicles was 13,889
units, an increase of 12.4% year-on-year; the export volume of plug-in hybrid
vehicles was 3,982 units, an increase of more than doubled year-on-year.
From the perspective of exporting countries, in September, South Korea’s auto exports to North America were US$1.33 billion, a drop of 30.4%; while exports to the EU and Eastern Europe were US$790 million and US$449 million, an increase of 41.8% and 41.8% respectively. 18.6%.
