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Volvo EX30 Tops Premium Compact EV Sales in South Korea for June
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Volvo EX30 Tops Premium Compact EV Sales in South Korea for June

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Volvo Cars Korea ranked first in the imported compact electric vehicle market in June.
  • The EX30 and EX30 Cross Country models drove sales, accounting for 56% of Volvo's total sales.
  • This marks the first time electric vehicle sales have surpassed internal combustion engine models for Volvo Cars Korea.

Volvo Cars Korea achieved the top spot in the imported compact electric vehicle market in June, driven by strong sales of its EX30 and EX30 Cross Country models. The company sold a total of 1,679 vehicles last month, a 58% increase from the previous month, according to the Korea Automobile Importers & Distributors Association. The EX30 and its Cross Country variant alone sold 946 units, making up approximately 56% of Volvo's total sales. This performance secured the number one position in the premium compact electric vehicle segment. Notably, this is the first time since Volvo Cars Korea's establishment that electric vehicle sales have exceeded those of internal combustion engine models, including mild hybrid and plug-in hybrid variants. The company also set a new monthly record for electric vehicle sales since it began selling EVs in 2022. The EX30 boasts advanced safety features, Scandinavian design, and a Harman Kardon sound system. With government subsidies, the actual purchase price in Seoul starts from 36.7 million won, and in Ulleung County, it is available from 32.78 million won. Volvo Cars Korea plans to secure additional EX30 units in the latter half of the year to fulfill customer orders.

DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.