South Korean automakers’ global car sale rose last year owing to export growth that offset weak domestic demand, industry data showed Monday.
The number of vehicles, sold globally by five local automakers that include Hyundai, Kia, GM Korea, Renault Samsung and Ssangyong, was 7,122,346 in 2021, up 2.5 percent from the previous year.
Despite the supply disruption of semiconductors used to make cars, the global automotive sale increased last year thanks to global demand recovery from the COVID-19 pandemic.
Hyundai Motor, South Korea’s biggest automaker, sold a total of 3,890,981 vehicles globally in 2021, up 3.9 percent from the prior year. — Xinhua
