KGM Sells 6,860 Vehicles in August, Including Domestic and Export Sales
TECHWORLD ·
✦ AI Summary
KGM sold 6,860 vehicles in total in August, including 2,300 domestic units and 4,560 exports.
Total sales fell 22.6% from a year earlier, while domestic sales fell 43.3%.
Exports were strong on increased sales in Turkey and Hungary, and KGM plans to strengthen its response to global and domestic markets.
KGM sold 6,860 vehicles in total in August. Domestic sales in August came to 2,300 units, while exports totaled 4,560 units. Total sales fell 22.6% from a year earlier.
KGM said the overall performance declined due to weaker consumer sentiment in the domestic market and lower sales volume. Domestic sales fell 43.3% from a year earlier, reflecting the drop in domestic sales volume. However, cumulative domestic sales remained at a level similar to last year.
By contrast, exports continued their strong momentum, supported by increased sales in Turkey and Hungary. Cumulative exports also increased from a year earlier.
KGM said it plans to strengthen its response to global and domestic markets to expand sales volume. Last month, it launched the KGM brand in the Myanmar market and introduced the Torres EVX and Musso EV there. Based on this, it has begun in earnest to target the Myanmar market.
Starting with Myanmar, KGM plans to sequentially expand its KD businesses in Saudi Arabia and Vietnam. It also plans to accelerate its push into global markets.
KGM said it is participating in 'EV Trend Korea 2026' and sponsoring the '15th KG Ladies Open' to expand customer touchpoints and strengthen brand experiences in the domestic market.
It also said that, based on the early conclusion of this year's wage and collective bargaining negotiations, it will achieve stable production and greater efficiency, and step up its response to the growing global and domestic markets to expand sales.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406358
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Source: TECHWORLD
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