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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

Green Car Congress

Zhejiang Geely Holding Group and Renault Group have signed a cooperation agreement to launch all-new vehicle lineup for the South-Korean market. Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export.

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Hyundai Ends Kona EV Sales in South Korea

The Truth About Cars

Hyundai Motor Company will end sales of its best-selling electric vehicle, the Kona EV, after a series of fires and faulty braking systems prompted mass recalls in South Korea. According to Reuters, Hyundai was reviewing the end of Kona EV sales in South Korea, while an unidentified source said sales would continue in Europe.

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Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales

Green Car Congress

We more than tripled sales of our plug-in hybrids and all-electric cars. Sales of plug-in hybrids almost quadrupled to more than 115,000 units. kWh/100 km) achieved sales of about 1,700 vehicles. With sales of 2,164,187 units (-7.5%), Mercedes-Benz maintained a leading global position compared with its core competitors.

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IHI and Hyundai WIA form turbocharger JV in South Korea

Green Car Congress

Market demand continues to grow in line with new down-sized engines and government regulation for fuel consumption and exhaust emissions. IHI Group’s Turbocharger business aims at a target of 10 million units per year sales. 1 brand in Asia through the joint-business in South Korea.

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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

Green Car Congress

million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales.

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Geely and Renault sign agreement to take on S. Korean car market, together

Electrek

Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to South Korea, as well as export sales into other Asian markets.

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Toyota Launches Sales of Prius and Camry Hybrid in South Korea

Green Car Congress

Toyota Motor has begun sales of Toyota-brand vehicles in South Korea at five new dealerships, including three in Seoul, established by TMC’s local distributor Toyota Motor Korea Co., TMC has set an initial combined monthly sales target of 500 vehicles and aims to increase that number to 700 vehicles beginning in 2010.