KG Mobility (KGM) announced on October 1 that it sold a total of 8,863 vehicles in September, including 2,100 for domestic sales and 6,763 for export.
Despite an increase in export volume, domestic sales declined due to the exhaustion of electric vehicle subsidies, marking a 16.7% decrease compared to the same month last year. However, there was a 29.2% increase from the previous month, indicating a recovery trend.
Exports surpassed 6,000 units for the first time in three months since June 2022 (8,345 units), driven by increased sales to Turkey, Germany, and Hungary. This represents a 3.5% increase compared to the same month last year, with a slight rise in cumulative sales as well.
By model, electric vehicles such as the TORRES EVX (1,930 units) and MUSSO EV (1,117 units), along with the MUSSO (1,597 units), each sold over 1,000 units, contributing to the upward trend.
KGM is intensifying its efforts to expand export volumes, having entered the Ethiopian local assembly (KD) business in September, following its entry into the Myanmar market in August.
A KGM official stated, "We plan to enhance our sales by strengthening our focus on emerging markets through KD projects and providing various financial and purchasing benefits to boost domestic market response."
* This article has been translated by AI.
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