KG Mobility (KGM) has continued its revenue growth by expanding the sales share of eco-friendly vehicles. Notably, exports of eco-friendly vehicles surged by over 130%, significantly boosting performance in overseas markets.
KGM announced that its cumulative revenue for the third quarter of 2026 reached 3.3129 trillion won, a 5.8% increase compared to the same period last year. Despite a slowdown in domestic demand and adjustments in production lines for the upcoming new model (SE10), the increase in the share of eco-friendly vehicle sales, along with higher export volumes and improved product mix, contributed to the growth.
Operating profit decreased due to fixed cost burdens from production line adjustments and increased foreign exchange losses from currency depreciation. However, the cumulative operating profit for the third quarter remained positive at 700 million won.
Total sales for the third quarter reached 80,133 units, a 1.6% decline from the previous year. Nevertheless, the export share rose from 62.5% last year to 64.4% this year, supporting overall performance.
In the export market, the growth of eco-friendly vehicles was particularly notable. Cumulative exports of eco-friendly vehicles in the third quarter reached 25,975 units, marking a 130.5% increase. The share of eco-friendly vehicles in total exports expanded from 21.9% to 49.7%.
Regionally, growth was driven by the Western European and Middle Eastern & African markets. In Western Europe, strong sales continued in key countries such as Italy, Portugal, Belgium, and Spain, while the Middle East & Africa saw significant growth, particularly in the Turkish market, which recorded 15,964 units sold, a 41.2% increase.
* This article has been translated by AI.
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