27 September 2024
27 September 2024
Kia is tantalisingly close to outselling Hyundai in Korea, greatly aided by the new Sorento, a model which is now far more competitive in all markets.
Drop due to timing of US holidays, but underlying market flat
In first eight months, production was up by 6%, taking cumulative total to highest level since 2010
The South Korea battery industry has been hit hard by the sharp downturn in BEV demand this year
Has annual production capacity of 150,000 BEVs
Currently sells vehicles imported from China through local distributor Indomobil Group
Sale will be implemented as part of the share buyback programme announced by Nissan today
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