China-made EVs reach 44.2% of South Korea's electric car market

In Q3 2026, 43,455 of the 98,292 EVs registered in South Korea were made in China, or 44.2%, up 6.8 percentage points year over year. BYD sold about 18,000 vehicles from January to August, nine times more than a year earlier, while Hyundai's sales fell 6%.

• China-made EVs were 44.2% of new EV registrations in Korea in Q3 2026
• 84.9% of imported passenger EVs in Korea were made in China
• BYD sold ~18,000 vehicles in January–August, 9x year over year
• Hyundai sales fell 6% to ~139,000 units over the same period