00:00Q&Aaron standardsThank
00:01you Chao
00:03Imported
00:04electric vehicles just outsold Korean-made ones in Korea for the first time. Imports
00:10jumped 41% in September. China's
00:13BYD more than doubled its sales. It's
00:16Friday, October 23. Let's
00:18take a look at a key development in Korea's industry sector. Hyundai and
00:23Kia remain Korea's dominant carmakers,
00:26with about two-thirds of September passenger car sales.
00:29The Korea Automobile and Mobility Association
00:32began splitting domestic and imported EV sales in January.
00:37Domestic models have lost momentum as purchase subsidies ran out.
00:41Here's what the numbers show.
00:4318,181 imported EVs were sold in September,
00:49up 41.0% from 12,898 a year earlier.
00:54Domestic EV sales fell 14.5% to 13,587.
01:01Tesla sold 12,372 cars, up 36.4%,
01:07taking 10.0% of passenger car sales.
01:11BYD sold 2,614 units, more than double a year ago.
01:17Separately, Samsung E&A's third-quarter operating profit
01:21jumped 183.6% to 500.6 billion won, about $378 million.
01:30So what does this mean for industry analysts and supply chain managers?
01:34Earlier, we said imported EVs outsold Korean-made ones for the first time.
01:40Here's what that actually means for you.
01:42If the gap holds, imports could take the annual lead,
01:46pressuring Korean car makers and their battery and parts suppliers.
01:50Next, we'll check for October EV sales from the Mobility Association.
01:54Whether EV subsidy budgets get replenished before year-end.
01:58Pricing responses from Hyundai and Kia.
02:01That's today's AI Prism Industry Daily.
02:04This episode was produced with AI Assistants
02:07based on Seoul Economic Daily reporting
02:09and reviewed by a human editor.
02:12AI Prism is a Juan Ifra award-winning series.
02:15We'll be back tomorrow.
