Seoul: KG Mobility Corp., a South Korean carmaker, reported a significant decrease in sales for April, attributed largely to a downturn in exports. The company announced that it sold 8,642 vehicles last month, marking an 11 percent decline from the 9,751 units sold in the same month the previous year.
According to Yonhap News Agency, domestic sales saw a reduction of 3.2 percent, with 3,546 units sold, while exports experienced a more pronounced decrease of 11.5 percent on-year, totaling 5,386 units. The cumulative sales from January to April showed a 12.4 percent drop, amounting to 34,231 units compared to 39,077 units during the same period last year.
The report highlights a substantial 26 percent decline in domestic sales, with figures falling to 11,730 units from the previous year's 15,875 units. However, there was a slight increase in exports, which rose marginally to 23,211 units from 23,202.
KG Mobility, known for its focus on SUVs, currently offers a lineup of eight models: the Actyon, Tivoli, Korando, Rexton, Torres, the all-electric Torres EVX SUV, Musso Sports pickup, and Musso EV pickup. Notably, the Torres EVX and Musso EV pickup feature a lithium iron phosphate battery system, enabling them to travel over 420 kilometers and 400 kilometers, respectively, on a single charge.