Shulou(Shulou.com)11/24 Report--

September 28 news, according to foreign media reports, in the wave of the development of electric vehicles, South Korea, which owns the Hyundai Automobile Group, is also investing heavily. Hyundai and Kia, two major manufacturers of the Hyundai Automobile Group, have launched a number of electric vehicles. South Korea is also taking various measures to support the development of electric vehicles.

According to the latest reports from foreign media, South Korea is seeking to significantly increase its production of electric vehicles and plans to double the share of local automakers in the global electric vehicle market to 12% by 2030, making it a power in the global automobile industry.

Foreign media reported that South Korea is seeking to occupy 12% of the global electric vehicle market by 2030, according to the South Korean Ministry of Trade, Industry and Energy.

According to the plan, South Korean carmakers plan to increase their global production of electric vehicles to 3.3 million by 2030, accounting for 12 per cent of the global electric vehicle market. Foreign media reported that South Korean automakers produced 254000 electric vehicles last year, accounting for 5 per cent of the world's total.

To achieve its goal of gaining a 12 per cent market share, South Korea has pledged support to encourage South Korean automakers to invest 95 trillion won, or about $66 billion, by 2026 through tax incentives and other incentives.

In electric vehicles, software and semiconductor components are crucial, and South Korea will also invest heavily in related areas. They have promised to use their technology to develop key software for electric vehicles, and the production of semiconductor components is also planned to increase.

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