Tesla Becomes 3rd Biggest Car Exporter to Korea
11 May, 2020
Tesla has increased to the No. 3 location in sales of imported automobiles in Korea.
According to first-quarter numbers announced simply by the Ministry of Trade, Sector and Strength on Sunday, Tesla purchased 4,070 cars here to come third after Mercedes-Benz' 15,400 and BMW's 11,331, outpacing Chevrolet's 3,810, Volvo's 3,190 and Audi's 3,190 automobiles.
Tesla even sold more electric power cars than homegrown Hyundai and Kia's combined 2,881.
Until 2015 the import market was dominated by Mercedes-Benz, BMW, Volkswagen and Audi, but emissions-rigging scandals since late 2015 caused Volkswagen and Audi sales to plummet.
Tesla began expanding its customer basic here with the lower-priced Model 3 found in November of 2019. It had been first introduced in the U.S. in 2016, but production glitches delayed the rollout below until last year.
Over the period the high cost rose from some W20 million to W53.7 million, but that falls again to significantly less than W40 million including various government subsidies for eco-friendly cars (US$1=W1,221).
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