South Korea's automotive landscape is undergoing a significant transformation as the country's long-standing rivalry with Japan intensifies. Amidst this shift, Chinese electric vehicle (EV) manufacturers are rapidly gaining traction in the Korean market, while their Japanese counterparts are experiencing a significant decline. According to recent data, Chinese EVs have surged to a 30% market share in Korea, outpacing their Japanese competitors for the first time. As the global demand for eco-friendly vehicles continues to rise, it remains to be seen whether this trend will continue to favor Chinese EVs and what implications it may have for the domestic auto industry.
Chinese EVs surge, Japan retreats in Korea’s shifting auto rivalry The Korea Herald
