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Electric car exports nearly double in 2019 on rising demand

2019-11-11 36 Dailymotion

올해 전기차 수출 2배 증가...30억달러 돌파 넘어서나<br /><br />South Korea's electric cars' exports surged this year thanks to higher demand from the U.S. and Europe.<br />Industry watchers expect the sales to hit 3-billion U.S. dollars this year.<br />Yoon Jung-min reports. <br />With increasing demand from overseas markets and more investment by South Korean car makers,... sales of Korean electric cars overseas have nearly doubled this year.<br />According to the Trade Ministry on Monday,... total shipments of electric cars amounted to over 2-point-5 billion U.S. dollars from January to October this year,... up 103 percent compared to the same period last year. <br />That jump comes amid a 6-point-7 percent rise in total automobile exports on-year.<br />Exports of electric cars have increased for 33 straight months,... and analysts expect sales this year to hit 3-billion dollars for the first time.<br />Electric cars made up 7 percent of all automobile exports in the January-to-October period.<br />The increase is mainly because of rising demand from large markets, including the U.S. and Europe. A government source has said more foreign consumers have looked for electric cars as prices have fallen for those vehicles.<br />Also, major automobile companies in Korea, including Hyundai Motors, have been constantly increasing their investments in future cars, including electric cars and hydrogen powered cars.<br />Along with the rising demand for electric vehicles,... demand for secondary batteries and energy storage systems has also increased.<br />The ministry said shipments of secondary batteries were up more than 4 percent on-year to nearly 6-point-2 billion dollars from January to October this year.<br />Yoon Jung-min, Arirang News. <br />

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