South Korea's Ministry of Trade, Industry and Energy recently released data showing that the cumulative export volume of automobiles from January to October this year was US.96 billion, a year-on-year increase of 33.9%. Due to strong demand for overseas environmentally friendly cars and high-end imports, automobile exports in October reached a record high of US.88 billion, a year-on-year increase of 19.8%; the export volume was 225,420 vehicles, a year-on-year increase of 8.6%. In addition, South Korea's automobile production in October was 341,019 units, a year-on-year increase of 3.9%. Last year, production reached the 4 million mark for the first time in five years after 2018. South Korea's export volume and export volume have maintained double-digit highs for four consecutive months. Looking at new energy vehicles alone, exports increased by 36.1% year-on-year to 52,279 units. Export volume increased by 27.1% to US.45 billion, the second highest monthly record in histo...
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