Korea Joongang Daily
Korea JoongAng Daily

EV exports to U.S. plunge nearly 90% in 2025 amid Trump tariffs, subsidy rollback

Korea's EV exports to the United States plunged nearly 90 percent last year, hit by Washington's auto tariffs and the rollback of subsidies under the administration of U.S. President Donald Trump, industry data showed Wednesday.

2026-02-04

Imported car sales jump 37.6 percent in January on strong EV demand

Sales of imported vehicles in Korea jumped 37.6 percent in January from a year earlier, buoyed by strong demand for Tesla and BYD electric vehicle (EV) models, industry data showed Wednesday.

2026-02-04

Hyundai Motor to lower interest rates on select EV models to counter import price competition

Hyundai Motor will lower installment interest rates on select EV models as Korean automakers step up efforts to counter aggressive price competition from foreign rivals, including Tesla.

2026-01-23

Hyundai's U.S. EV plant posted strong 2025 numbers despite lower demand, end of U.S tax credits

Hyundai Motor Group’s U.S. electric vehicle (EV) production base, Hyundai Motor Group Metaplant America (HMGMA), posted solid sales last year despite a general slowdown in demand.

2026-01-20

LG Innotek to display autonomous vehicle and EV solutions at CES 2026 in Las Vegas

LG Innotek will showcase 35 integrated hardware and software solutions for autonomous vehicles and EVs at CES 2026 in Las Vegas in January 2026, aiming to position itself as a leading provider in the era of AI-powered mobility.

2025-12-03

European shift toward cheap, compact EVs poses challenge, chance for Korea

The global shift in the EV market toward compact and budget-friendly options, a trend driven largely by Europe, offers Korean automakers a chance to expand their footprints on the continent — if they adapt accordingly.

2025-11-18

Hyundai Motor focuses on China, India amid accelerating efforts to lessen dependence on U.S. market

Hyundai Motor is accelerating efforts to diversify its sales networks with market-specific strategies for China and India, as uncertainties in the global market — including potential auto tariffs in the United States — continue to linger.

2025-10-17

Imported passenger cars in Korea reach record monthly high

More than 32,000 imported passenger cars were newly registered in Korea last month, setting a new monthly record since the Korea Automobile Importers & Distributors Association began tracking the data in 2003.

2025-10-10

EVs, cosmetics top list of Korea's leading exports

Electric vehicles (EVs) and cosmetics have emerged as two of Korea’s top export items over the past decade, replacing traditional bestsellers like diesel cars and televisions, according to a report released Tuesday.

2025-09-30

Hyundai, Kia's platform-based EV sales exceed 1 million units

Hyundai Motor and its smaller affiliate Kia saw their cumulative sales of electric vehicles (EVs) built on a dedicated EV platform exceed 1 million units in May, despite a slowdown in global EV demand, company data showed Sunday.

2025-06-29