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 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

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

1. How many Electric Trucks are manufactured per annum in South Korea? Who are the sub-component suppliers in this region?
2. Cost breakup of a South Korea Electric Truck and key vendor selection criteria
3. Where is the Electric Truck manufactured? What is the average margin per unit?
4. Market share of South Korea Electric Truck market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea Electric Truck in-South Korea
6. key predictions for next 5 years in South Korea Electric Truck market
7. Average B-2-B Electric Truck market price in all segments
8. Latest trends in Electric Truck market, by every market segment
9. The market size (both volume and value) of the Electric Truck market in 2023-2030 and every year in between?
10. Production breakup of Electric Truck market, by suppliers and their OEM relationship