SOUTH KOREA ELECTRIC TRUCK MARKET
INTRODUCTION
Cars release a lot of carbon emissions into the atmosphere, making the environment susceptible to pollutants and greenhouse gases. An electric vehicle is a big improvement for the environment in which we live.
To increase the effectiveness of its fleet of heavy-duty vehicles, such as trucks, Korea is developing rules, which it hopes to implement shortly.
This will increase the demand for electric trucks over the ensuing years. Due to the introduction of mass-produced models with greater performance and higher price competitiveness as well as the advantages of the trucking business license, the sales of electric trucks surge tremendously.
SOUTH KOREA ELECTRIC TRUCK MARKET SIZE AND FORECAST
The South Korea Electric Truck Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
NEW PRODUCT LAUNCH
A new electric car manufacturer in South Korea. The nation’s first plant for electric trucks has been established by Zein Motors.
Zein Motors celebrated the launch of its brand-new facility for electric trucks on Tuesday. It has unveiled the Calmato, a 1-ton battery-powered vehicle that is a modification of Hyundai Motor’s Porter capover truck, Korea’s leading carmaker.
In order to commence Calmato mass production, the truck manufacturing company has filed to the nation’s transportation ministry for electric vehicle certification.
MARKET DYNAMICS
Zhejiang Geely Holding Group Co., the largest privately held automaker in China, is entering the South Korean electric truck industry to challenge Hyundai Motor Co. and Kia Corp., two of the country’s two most powerful automakers.
A 1.5-ton version of the next-generation compact electric car, the e51, from Geely and Myoung Shin will be created for Korean buyers. The new model is designed with the Korean market and future international markets in mind.
COMPANY PROFILE
- Ford Motor Corporation
- Kia Corp.
- Hyundai Motor Co.
- Tesla Inc.
- Geely Holdings Group
- Zein Motors
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per South Korea Electric Truck Market right now and how will it change in next 5-6 years?
- Average cost to set up a South Korea Electric Truck Market?
- How many South Korea Electric Truck Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a South Korea Electric Truck Market and key vendor selection criteria
- Where is the South Korea Electric Truck Market manufactured? What is the average margin per equipment?
- Market share of South Korea Electric Truck Market manufacturers and their upcoming products
- The most important planned South Korea Electric Truck Market in next 2 years
- Details on network of major South Korea Electric Truck Market and pricing plans
- Cost advantage for OEMs who manufacture South Korea Electric Truck Market in-house
- 5 key predictions for next 5 years in South Korea Electric Truck Market
- Average B-2-B South Korea Electric Truck Market price in all segments
- Latest trends in South Korea Electric Truck Market, by every market segment
- The market size (both volume and value) of South Korea Electric Truck Market in 2022-2027 and every year in between?
- Global production breakup of South Korea Electric Truck Market, by suppliers and their OEM relationship
