Report
BYD reaches 20,000 registrations in South Korea by September 2026
Bloomberg reports BYD overtook Volvo and Toyota among foreign carmakers; Hyundai and Kia still held 72% of the market.
TLDR
Bloomberg, citing Korea Automobile & Mobility Association data, reports BYD reached 20,000 registrations by September, twice its initial 2026 goal. Bloomberg Intelligence data show BYD’s electric and hybrid sales in South Korea rose ninefold from January to August to almost 18,000, while Hyundai’s comparable sales fell 6% to about 139,000. Samsung Securities analyst Esther Yim expects Hyundai’s 2026 global sales to fall below 4 million, missing its 4.16 million target.
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