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Hybrid Power Fuels Renault's Korean Success
Editor
2025-05-07 09:42:50

Renault Korea appears to have achieved better results than KG Mobility in the new car competition, with the availability of hybrid powertrains impacting sales figures for the Koleos and Action models. In September, sales of the Koleos surpassed those of the KGM Action.

According to Renault Korea, the company recorded over 5,000 units sold in the domestic market and 3,600 units exported last month. Customer deliveries for the mid-size SUV Koleos began last month, and a total of 3,900 units of the Koleos E-Tech Hybrid were shipped.

According to Renault Korea, despite a decline in overall sales due to weak exports, the company experienced a 51.1% decrease compared to the same month last year. Meanwhile, domestic sales surged by 271.1%, achieving a record high for the year. By the end of last month, the total number of contracts for the Koleos reached over 20,500, indicating that deliveries will continue.

According to KGM, the company sold over 7,600 units last month, including around 4,500 units domestically and over 3,100 units exported. This marks a 20.3% decrease compared to the same month last year, with the new Action model selling around 1,600 units.

KGM's performance is considered disappointing. Analysts believe that the difference in results between the two companies stems from the availability of hybrid powertrains, which have become the most popular option in the domestic market. Hybrid vehicles offer higher fuel efficiency compared to internal combustion engines, making them a more efficient choice for consumers.

According to KGM, new registrations for hybrid powertrains reached over 39,000 units in September, marking a 21.6% increase compared to the same month last year. This figure ranks second after gasoline vehicles and significantly outpaces LPG and electric vehicles.

According to KGM, the production volume fell short due to mixed production and the Chuseok holiday. The production line currently produces all models, including Action, Torres, Korando, and Tivoli. Additionally, because there is still considerable backlog, the company expects to see increased delivery volumes starting in October. KGM plans to launch its first hybrid vehicle in 2025, produced in collaboration with China's BYD.

KGM noted that production levels were insufficient due to mixed production and the Chuseok holiday. The production line is currently turning out all models, including Action, Torres, Korando, and Tivoli. Furthermore, the company anticipates increased delivery volumes starting in October due to a significant backlog. KGM expects to launch its first hybrid vehicle in 2025, produced in collaboration with China's BYD.

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