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Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

SEOUL, Dec. 25 (Korea Bizwire) — Lexus ES300h gasoline hybrid model has become the first imported hybrid to post accumulated sales exceeding 20,000 units in South Korea, the Japanese carmaker’s local office said Monday. The ES300h was launched in the Korean market in 2012, with total sales hitting 6,112 models sold last year, accounting for [...]

South Korean Midsize Hybrid Car Market Halved This Year

SEOUL, May 10 (Korea Bizwire) – Sales of midsize hybrid cars were halved in the first four months of this year, mainly due to existing vehicle models becoming dated and the popularity of new non-hybrid vehicles, market watchers said Sunday. Data provided by carmakers showed sales of the Sonata, K5 and Malibu hit 2,268 units at the end of April, down a sharp 49.7 percent from [...]

S. Korean Hybrid Cars Overtake German Competitors in H1

S. Korean Hybrid Cars Overtake German Competitors in H1

SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, also overtaking that of Germany, the largest producer of green vehicles in Europe, industry data showed Monday.  In the first six months of the year, South Korea-based manufacturers of environmentally friendly [...]

South Jeolla Province has Highest Percentage of Diesel Vehicles in Korea

South Jeolla Province has Highest Percentage of Diesel Vehicles in Korea

SEOUL, June 24 (Korea Bizwire) – Diesel cars are at the center of attention in Korea with the ongoing investigation into Audi-Volkswagen’s emissions scandal, and the government’s recent labelling of diesel vehicles as major producers of fine dust, which has become dangerously prevalent in recent years.  In a recent study conducted by the Ministry of [...]

Hybrid Car Sales Spike in April Amid Growing Interest in Eco Vehicles

Hybrid Car Sales Spike in April Amid Growing Interest in Eco Vehicles

SEOUL, May 11 (Korea Bizwire) – Sales of hybrid cars in South Korea hit an all-time high last month amid growing interest in environmentally friendly vehicles, industry data showed Wednesday.  Sales of hybrid cars here reached 7,454 units last month, breaching the previous monthly record of 5,157 units set in December, according to the data by [...]

Volkswagen Scandal Ends Up Boosting Sales of Hybrid Cars

Volkswagen Scandal Ends Up Boosting Sales of Hybrid Cars

SEOUL, Nov.30 (Korea Bizwire) – Although sales of foreign diesel cars froze after it was revealed that Volkswagen cars were ‘cheating’ on emissions tests, sales of environmentally friendly hybrid cars are rising fast. Industry watchers even say that a new ‘era of hybrid cars’ is beginning, as Hyundai Motor and Toyota both saw their highest [...]