South Korea's auto exports surge on EV demand
South Korea's auto exports increased by 2.2% in March, driven by strong demand for eco-friendly vehicles. The country's exports of eco-friendly models surged 36.0% to $2.74 billion in March compared to the same period last year.
South Korea's automotive exports grew in March, driven by demand for eco-friendly vehicles. Car shipments increased by 2.2% to $6.37 billion. Exports of eco-friendly models surged 36.0% to $2.74 billion. The total number of exported vehicles reached 259,635 in March, up 7.8% from a year earlier. Domestic production also increased, with vehicles manufactured in local factories rising 4.5% to 387,227 units. Total car sales within the country stood at 164,813 in March, up 10.2% year-on-year.
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