The Production and Export of Automobiles on the Decline are Decreased

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Export of eco-friendly vehicles and SUV with high unit prices increased.

 

South Korea’s domestic automobile industry has diminished its decline since February, although both production and exports have decreased in terms of vehicle numbers.
In May, exports of both automobiles (1.9%) and auto parts (14.7%) increased YoY in terms of the amount due to export increase of eco-friendly cars and SUVs with high unit prices and export increase of auto parts to the US and China.
Only 354,595 cars were produced in May, 1.3% less annually, due to discontinued production of some models, decrease of domestic sales and exports of domestic cars. Sales of domestic cars decreased slightly but, due to increase of imported car sales, total domestic sales recorded 157,771 units, increased by 1.3% YoY.
During this period, automobile production was only 354,595 units, decreased by 1.3% YoY, due to overseas inventory adjustments, discontinued production of some models, and decrease of domestic sales and exports of domestic cars. The models that were discontinued in February were Cruze and Orlando.
Hyundai Motor’s production dropped by 4.3% YoY due to production adjustments caused by sluggish exports of some models despite the increase in domestic sales, mainly in SUVs (Santa Fe, Kona).
Kia Motor’s production increased by 7.0% YoY on the strength of the effect from new cars such as K3, K9, and Carnival (including partial changes). In case of GM Korea, production decreased by 14.4% YoY due to discontinued production of Gunsan Factory coupled with slump of domestic sales and exports.
Ssangyong’s production jumped by 9.4% YoY thanks to the domestic sales effect of the new car Rexton Sports(pickup) released early this year. On the other hand, Renault Samsung’s production fell by 4.9% YoY due to sluggish domestic demand and exports of SM6.

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The 11th International Green Car Korea

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Everything about green cars from finished cars to parts and services is set be displayed.

 

The 11th International Green Car Korea will be held from July 5 to 7 at the Kim Daejung Convention Center in Gwangju. Hosted by the Gwangju Metropolitan City and co-conducted by the Kim Daejung Convention Center, Gwangju Green Car Promotion Center, Korea Trade- Investment Promotion Agency (KOTRA), and Korea Auto Parts Association, the International Green Car Korea is Korea’s representative event leading the development of the eco-friendly automobile industry and the 4th Industrial Revolution. Everything about eco-friendly automobiles from finished cars to auto parts, automotive application components, infrastructure, and services, will be on display in the exhibition.
International Green Car Korea, Korea’s first green car exhibition, has introduced the theme “Green Car” for the first time in Korea. It is the only one among the automobilerelated exhibitions in Korea that has acquired the official label “UFI Approved Event” from the Union Des Foires Internationales (UFI), a global association of the exhibition industry, and certified as an international exhibition by Korea’s Ministry of Trade, Industry and Energy (MOTIE). Accordingly, it has been selected as a promising exhibition that will lead the Korean automobile industry this year.
The eco-friendly green car industry has now moved beyond optional to essential. This is supported by the fact that the number of cars, which had been less than 1 million units 10 years ago, is now rapidly growing to 2.62 million units, in line with COP(Conference of the Parties)21 and the environmental policies of each nation. The International Green Car Korea will give a powerful glimpse of the present state of Korean and overseas technology trends, environmental regulations, and eco-friendly vehicles.
This year, the International Green Car Korea will see participation by the UK’s Society of Motor Manufacturers and Traders (SMMT), along with its member companies as well as eco-friendly vehicles and parts makers such as KOMEL, an electric motor manufacturer from Poland, as well as the Flying Car Association, which will showcase manned drones, a future transportation, and the member companies; the Gwangju Aftermarket Auto Parts Council and member companies that manufacture and supply automobile parts to the market to provide performance enhancement and stability of auto parts; MPS Korea specializing in electric commercial vehicles; APRO that specializes in the production of automotive parts and lamps; Earthtech, a battery recycling company that recycles energy storage system (ESS) for waste batteries from electric vehicles; Protec EMS, an electric charger supplier; and AutoLine, which produces and distributes eco-friendly automobile products.
In addition, it will draw participation by research centers in domestic universities as well as companies. In addition to those companies, the research centers in Korean universities including KAIST’s Wireless Power Transfer Research Center, Eco- Friendly Vehicle Human Resources Development Project based on ICT Convergence in Chonnam National University, Linc Plus Project in Chosun University, Environment-friendly Energy Car Research Society in Konkuk University will present new ideas to lead the future automotive industry.

In addition, the newly introduced “EV Trend Zone” will show the trend of eco-friendly finished cars, displaying Hyundai Motor’s hydrogen car Nexo and Kona EV, an electric vehicle, Kia Motors’ 2018 Kia Soul EV and Niro EV, GM’s Chevy Bolt EV, 2018 Toyota Prius c, and BMW i3 will be on display. This will be a meaningful opportunity to meet and compare various eco-friendly vehicles such as electric cars, hybrid cars, and hydrogen cars at the same time.
In particular, thanks to the reputation of the exhibition, which has been growing year after year, there will be various business, academic, and other events including B2B meetings with about 100 leading foreign buyers invited by KOTRA, a co-organizer, and Korea Auto Parts Association as well as the International Conference on Advanced Automotive Technology (ICAT 2018), a conference focused on electric vehicles that will provide a glimpse of trends in relevant academic and industrial circles around the world under the theme “EVer Green,” and the Hyundai Motor Hydrogen Electric House, where visitors can experience everything about environment-friendly alternative energy of the future.
You can get a glimpse of the global trend of the green automobile industry at the 11th International Green Car Korea that will lead the city development project of eco-friendly car parts, which is the national industry promoted by the Gwangju Metropolitan City. For participation, please contact Kim Dae-jung Convention Center’s Event Planning Team on 82-62-611-2211.

 

 

Exhibits

  • Finished Vehicles (Eco-friendly Vehicles)
    – Electric cars, hybrid cars, clean diesel cars, specially equipped cars, tuning cars, etc.
  • Auto Parts
    – Smart auto parts, rechargeable batteries and batteries, motors and reducers, clean diesel parts, etc.
  • Auto Accessories
    – Fuel-saving devices, exhaust reduction device, eco-friendly tuning goods, etc.
  • Infrastructure and Services
    – Green car sharing, fast and slow chargers, technical certification, etc.
  • Automotive electric parts
    – ECU system, software, image sensors for autonomous vehicles, automobile semiconductors, etc.

 

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