Automobile industry

In February 2021, South Korea’s auto production increased by 37.9% to 260958 vehicles From Ministry of industry, commerce and resources

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South Korea’s auto production, domestic sales and exports all achieved double-digit growth for two consecutive months in February, according to data released by the Ministry of industry, trade and resources on Monday.

In February, South Korea’s auto production increased by 37.9% to 260958, and its domestic sales increased by 24.2% to 123317.

In February, the export volume reached 161886 vehicles, a year-on-year increase of 35%, and the export volume was US $3.53 billion, an increase of 47%.

In addition, the export of new energy vehicles increased by 70.9% to 249.32 million units, and the export volume increased by 102.6% to US $700 million, both reaching a new high in February. The export of new energy vehicles accounted for 16% of the total passenger vehicle export, an increase of 3.5 percentage points over the same period last year.

More reading: South Korea’s Ministry of industry, commerce and resources: in November 2019, South Korea’s automobile production was 346377 vehicles. South Korea’s Ministry of industry, commerce and resources: in October 2019, South Korea’s exports decreased by 15% year on year. South Korea’s Ministry of industry, commerce and resources: in December 2018, South Korea’s chip exports decreased by 9%. South Korea’s Ministry of industry, commerce and resources: in May 2018, South Korea’s exports reached 50.98 billion US dollars Ministry of industry, trade and resources of South Korea: the export volume of South Korea was 573.7 billion US dollars at the end of 2017, ranking the sixth in the world. Ministry of industry, trade and resources of South Korea: in December 2020, the export volume of South Korea was 51.41 billion US dollars, with a year-on-year growth of 12.6%. Ministry of industry, trade and resources of South Korea: in April 2017, the export volume of South Korea soared by 24.2% Export to China increased by 10% South Korea’s Ministry of industry, trade and resources: in March 2020, South Korea’s export decreased by 0.2% year on year. South Korea’s Ministry of industry, trade and resources: in March 2018, South Korea’s export increased by 6.1% year on year for 17 consecutive months. South Korea’s Ministry of industry, trade and resources: in November 2019, South Korea’s export volume was US $44.1 billion 14.3% year-on-year decrease Ministry of industry, commerce and resources of South Korea: export of South Korea will decrease by 9.9% year on-year in August 2020 analysis of automobile market in Beijing in January 2020 China Automobile Circulation Association: monthly report of China’s imported automobile market in April 2020 China Automobile Circulation Association: 57 new authorized 4S stores for luxury brands in the first quarter of 2020 41 online 4S stores: China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market reached 1.045 million, a year-on-year decrease of 40.4%

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