21 Years Since Entering the Korean Market
On the 7th, Korea GM announced that it has surpassed 10 million cumulative exports of completed vehicles. It took 21 years since its launch in Korea in October 2002. It achieved 1 million exports in 2005 and 5 million in 2011. Including local assembly products in the form of parts (CKD·Complete Knock Down), the company explained that the total reaches about 25 million units as of November this year.
To commemorate the achievement of 10 million exports, Hector Vizarral, President of Korea GM, and employees attended a ceremony at the Bupyeong headquarters. President Vizarral stated, "The achievement of 10 million cumulative exports is thanks to the hard work and dedication of our employees who have done their best to continuously supply the highest quality products to customers who trust and love GM vehicles."
He added, "In fact, GM accounted for about 20% of domestic passenger car exports last October, and this figure once again emphasizes that GM's Korea operations play an important role as part of GM's global growth strategy."
At the Incheon Bupyeong headquarters, Hector Vizareal, President of Korea GM, along with executives and employees, are celebrating the milestone of surpassing 10 million cumulative exports and taking a commemorative photo. [Photo by Korea GM]
Since its launch in Korea, Korea GM has produced various models such as Chevrolet Aveo, Spark, Trax, Cruze, and Malibu. Currently, it has introduced vehicles that meet the changing demands of domestic and overseas customers, including the Trax Crossover and Trailblazer.
Domestically produced vehicles are exported worldwide, mainly to North America (35%) and Western Europe (26%). The largest export country is the United States, with more than 2.5 million units sold in the U.S. market. By model, the Chevrolet Aveo has been exported about 2.21 million units, making it the most exported model in history. The Spark and Trax have each been exported about 1.94 million and 1.78 million units, respectively. The Trailblazer and Trax Crossover have been exported 612,000 and 136,000 units, respectively, ranking 7th and 9th in cumulative export rankings.
Korea GM aims to produce 500,000 units annually centered on these two vehicles. It is expected to contribute to the Korean economy through maximizing production and large-scale exports.
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