KGM sells 6,860 units in August including domestic and exports; 'domestic contraction overcome by exports'

*This content was translated by AI.

KG Mobility (hereinafter KGM) sold a total of 6,860 units in August, comprising 2,300 units domestically and 4,560 units for export. This effectively offset the decline in domestic sales with increased exports.

This performance represents a 22.6% decrease compared to the same month last year. KGM attributes the drop to a contraction in the domestic market. However, exports continued to show strong momentum as sales increased in key markets such as Turkey and Hungary, and on a cumulative basis, recorded an upward trend compared to last year. Domestic sales fell by 43.3% compared to the same month last year but remained at a similar level on a cumulative basis.

KGM is raising expectations for future new model launches such as SE10 by citing its track record of overcoming multiple challenges. Recently, it has also established a cooperative relationship with China's Chery Automobile, further fueling prospects for the company's growth. The issue lies in the contraction of the domestic market. Several domestic automakers, including Hyundai Motor, are facing the same problem, making it urgent to find a breakthrough solution. It is now time to seek solutions better than simply relying on new models.

Meanwhile, KGM is gaining popularity by replacing the 6th-speed transmissions in its popular SUV models, Torres and Actyon, with Aisin's 8-speed transmissions.

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*This content was translated by AI.