KG Mobility Sold 6,421 Units Domestically and Internationally Last Month... 51% Decrease Year-on-Year

KG Mobility announced on the 1st that it sold 6,421 units domestically and internationally last month. This is a 51.3% decrease compared to the same period last year.

It sold 3,804 units domestically and 2,617 units overseas. Domestic sales decreased by 6.5% compared to the previous September. Exports also dropped by 52.5% compared to the previous month. The company explained, "Sales declined due to production stoppage caused by the integration construction of the assembly line at the Pyeongtaek plant and weakened consumer sentiment."

Mid-size Electric SUV Torres EVX
Photo by KG Mobility

The cumulative sales volume up to last month this year reached 102,820 units (including CKD), which is 9.8% higher than the same period last year.

The company plans to release various new products to overcome the limitations of the domestic market. It also announced plans to launch new products overseas and develop emerging markets. It has consecutively introduced derivative models such as the Torres electric vehicle and cargo-type van.