Seoul: KG Mobility Corp. announced on Monday that its sales increased by 1.4 percent in November compared to the same month last year, driven by strong export figures that compensated for a downturn in domestic electric vehicle (EV) sales. This decline in the local market was attributed to the exhaustion of the government's EV subsidy budget for the year. According to Yonhap News Agency, the South Korean automaker reported total sales of 8,971 vehicles in November, up from 8,849 units sold during the same period in the previous year. The sales figures include complete knock-down (CKD) units. In the domestic market, sales fell by 5.7 percent year-on-year to 3,121 units, primarily due to weak performance of the Musso EV. However, the decline was partially mitigated by a gradual increase in sales of the Torres and the Actyon models. On the international front, exports rose by 5.6 percent to 5,850 units, bolstered by strong demand in Turkey and Hungary. From January to November, KG Mobility's cumulative sales i ncreased by 2.2 percent, reaching 100,876 units, compared to 98,737 units in the same timeframe last year. KG Mobility, known for its focus on sport utility vehicles (SUVs), currently offers a lineup of eight models. This includes the Actyon mid-size SUV, the all-electric Torres EVX SUV, and the Musso EV pickup.
KG Mobility Reports 1.4% Increase in November Sales Due to Strong Export Performance
Recent POSTS
Seoul Stocks Plunge Amid Escalating Middle East Tensions
March 30, 2026
Seoul Shares Plummet Amid Escalating Middle East Conflict
March 30, 2026