Korean Media: Electric Vehicles Account for Half of South Korea's Imported Car Sales, with Tesla and BYD Rising Strongly!
On July 5, Korean media outlet NEWSIS published an article stating that American electric vehicle company Tesla has consecutively topped the sales charts in South Korea’s imported car market for four months straight.
At the same time, Chinese automaker BYD has also achieved monthly sales exceeding 1,000 units for three consecutive months. Analysts believe that the South Korean imported car market is undergoing restructuring centered around electric vehicles.
Data released by the Korea Import Automobile Association shows that total new passenger vehicle registrations in May amounted to 29,860 units.
By brand, Tesla led in registrations for May with a total of 10,866 units.
The Model Y Premium emerged as the best-selling imported model, with sales reaching 7,195 units, followed by the long-wheelbase version Model YL, which sold 1,513 units.
Bayerische Motoren Werke (BMW) ranked second with total sales of 6,555 units. The BMW 520 model ranked third with sales of 1,390 units.
Mercdes-Benz maintained third place with 3,553 units sold.
Audi followed closely behind with 1,509 units sold, while Lexus recorded 1,291 units.
Chinese electric vehicle manufacturer BYD has now surpassed 1,000 units in monthly sales for three consecutive months, selling a total of 1,032 units.
By fuel type, electric vehicle sales reached 14,520 units (accounting for 48.6%), followed by hybrid vehicles at 12,071 units (40.4%), gasoline-powered cars at 3,092 units (10.4%), and diesel vehicles at 177 units (0.6%).
With the rapid growth of Tesla and BYD, South Korea’s imported car market is clearly reorganizing around eco-friendly vehicles—a trend that is becoming increasingly evident.
Original Article: toutiao.com/article/1870038311049216/
Disclaimer: The views expressed in this article are solely those of the author.