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Title : South Korea October 2017 (Draft)
link : South Korea October 2017 (Draft)

South Korea October 2017 (Draft)

IONIQ and the rest 

The headlining news is the disruptive effect that the arrival of the Hyundai Ioniq plug-in twins are having, pulling this year market to over 10.000 units (10.075, to be precise), up three fold YoY, with a record 0.8% PEV share, up from 0.4% in the previous year and only 0.2% in 2015.

Despite recent production increases the aforementioned Hyundai model, it is said to be still production constrained, so registrations can only go up, and the 1% share is still possible to be obtained this year.

The remaining models are also seeing their sales increase, with the Kia Soul EV losing the Second Position to the Samsung SM3 ZE, but showing how fast the market is growing, both models have already beaten their yearly records, with two months still to go.

An intriguing addition to the market is the arrival of the Chevrolet Bolt, considering the 2017 production is already sold out, and there is still has a 1.500 orders waiting list to fill, it will be interesting to see if Chevrolet puts a real effort in 2018 and delivers its BEV model in enough volumes to allow the nameplate registrations to take off.

With Europe out of the equation, now that Opel is part of PSA, Chevrolet has South Korea to prove that the Bolt is not a North America thing...Unless this is all part of the "No one wants EV's" narrative.

Pl	Model	2017
1	Hyundai Ioniq Electric	5.581
2	Renault Samsung SM3 ZE	1.569
3 4 5	Kia Soul EV                        Chevrolet Bolt Hyundai Ioniq PHEV Others	1.050 457 419 999
	TOTAL	10.075

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