View of BYD's booth during an expo in South Korea in June. XINHUA
Chinese-made electric vehicles are rapidly gaining ground in South Korea, showing the competitiveness and export resilience of China's EV supply chain as consumers there look beyond established brands for affordable, technology-rich models.
South Korea registered 69,513 China-made EVs in the first half, up a whopping 178.7 percent from a year earlier, said a report released on Tuesday by the Korea Automobile &Mobility Association, or KAMA.
This has brought their share of all new EV registrations to 35 percent from 26.8 percent a year earlier, meaning that more than one in every three EVs newly registered in the country came from a Chinese factory.
The development is also reshaping South Korea's wider import market. Registrations of all China-made imported vehicles — including both electric and conventional models — climbed 127.8 percent to 79,444 in the first half, KAMA said.
