# South Korea: EV production tax credit and Chinese brands' offensive

> The South Korean government is implementing a production tax credit for electric vehicles and plans 2,000 billion won in subsidies for about 430,000 EVs next year, to support manufacturers and battery makers against Chinese models. Meanwhile, Chinese brands are accelerating in South Korea: BYD exceeds 20,000 sales over nine months and is advancing in taxis and ride-hailing, while Zeekr is hiring and other manufacturers are preparing a second wave of entry. Relayed analyses mention pressure on employment and revenues in the Korean automotive sector, with up to 410,000 jobs and 2,200 billion won threatened by 2030. Coverage is mainly South Korean, with pickups in the United States, China, and the United Kingdom, with sub-events focusing primarily on the South Korean market and the Chinese offensive.

**In brief**: Ongoing story bringing together 27 events involving BYD, Hyundai, Kia and 10 more, in 2 countries (Corée du Sud, Chine), followed from 1 November 2026 to 4 November 2026. 81 articles from 15 sources (sales and market, regulation and tariffs, plants, jobs and earnings and 2 more); last updated on 4 November 2026 at 09:06. Figures reported: 430 vehicles, 410 jobs.

- Status: ongoing
- Scope: International
- Category: Sales and market, Regulation and tariffs, Plants, jobs and earnings, Launches and reviews, Electric and batteries
- Countries: Corée du Sud, Chine
- Brands: BYD, Hyundai, Kia, Zeekr, Xpeng, Tesla, Chery, Geely, Hyundai Motor Group, LG Energy Solution, Samsung SDI, Volvo Cars, Xiaomi Auto
- First detected: 1 November 2026 at 10:38
- Updated: 4 November 2026 at 09:06
- Web page: https://mecapress.com/stories/159-south-korea-ev-production-tax-credit-and-chinese-brands-offensive

## National stories (4)

- South Korea — 5 country-specific events, 56 articles
- United States — 0 country-specific event, 13 articles
- China — 0 country-specific event, 6 articles
- United Kingdom — 0 country-specific event, 2 articles

## What is established

_“Confirmed” = reported by at least two independent outlets (outlets of the same group count as one). AI cross-check of the collected headlines and extracts._

**Confirmed by several sources**

- Xpeng confirmed its plan to enter the South Korean market. (14 independent sources: [Floyd County Times](https://news.google.com/rss/articles/CBMilgJBVV95cUxQT3VELWxvMzBLQ0kyaTBTVldyTkVubjVWVnljTkVLaThJWjdDQ1NxWVprX0FPMHBrQllyd3VHQjhNTG9EcnU4U0lKSWRFMEV2b0R2TmMzSm1uRmc1dVRCMURoLXlXdlNDUXhpRVJmSHlLUXdlNWJ4Q0lUSmlKLUtWQjlSYXUtRldqTzFtN05GZEpxQlYwazdPX0xkVU5vQVlFWG8wUEQ0UlFSYUc4UjdNbHliWHU3SG4ybGZyTW5kNk9pMjBKR2hLeWNVNkdCUEhGMmNnOFZCU0xlazk2UTZTYTRVb3VVSTdXY29JRGUtalRnN3VQbDFqbGNVVmlxLV9pUGd4c2VVNE1hb0R0aXVCU1VLUzlXdw?oc=5), [mtairynews.com](https://news.google.com/rss/articles/CBMimgJBVV95cUxQN2F0NnhmclNpR0t2NTlKMlAyMUlpLWczcVNhaVJzVjZVeFhfTE03Y0s3Y2Z0Ykc3d080Vng3dm9RNXJJVjdkUUU1bUNnc3k2YTNmc0x4X1MxMFdTZ1Q4eGVkcXQ1cmNlcjJnVjRHcEFlMDhTYW9DM1ZhSjdidzZSWDdVMG1uRjJKR1NBSUNYYkd1NXAtQjQ1R3BYWGVXQ19sWE5KX0NkLVE0Tm5MQjlCVVEycXpwZXROUXl0OGtkZk1ZMlRQdW04REpNQWFvM0x3dVhjQ09oSF91LVFaTHd1SjBGWTdhUFdJSXl5TS1DWTdIX1M4ZDAxUzQ5WldYbVE0a3pQUk1ZcEliOVpxdFJ1aUNIRlRkQmlDOGc?oc=5), [cnevpost.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPYVNLU29zTTJ5WFNReC1FUFdNeW9sMnEtQUJsNEs0aHVMMHFMMUg4ZkROel90b2hJU0tIT0VPQVdmamhlb1lKSXNyWHJtUnRtdWVsdXUzb0NtMXdUdU1Za250eHhGVmtJNUxJYlBJYnpIMEgtU3psTmlKRi1kQkpCazVVcmhab2pmdG1LOGlSZ3ZzLU0?oc=5), [The Manila Times](https://news.google.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?oc=5), [The EV Report](https://news.google.com/rss/articles/CBMigwFBVV95cUxQdmFxN2wtVGhJNlBQVDFnMXpPbkd2a25UYmR4Zy1xMEhQaE5fbUl3SWtDYTBQNW5NZktsTlJRdHpJT2p0b0dyMlN0XzhndWFWd1pqVWJsZS1GaUdFdFZLTktqTXhoWk94VGg1dTVhbTlDa0lZbXo4d1dnc0pOWkVEQTdVdw?oc=5), [Moomoo](https://news.google.com/rss/articles/CBMiswFBVV95cUxNcUFMX1VXWEJYUUZnSjRSWnVqcTAwWkNWTlluSU9lMVZGaWN1akVRekJNQnZ1WHgzTUZic1JIeVpkbDlINDdkQTN4Z3lLdE1ZREhzZUJhbFh0b1JOejBPSDlYZXdBTWpwUDJnSVpmWmpmc3dSdGlpS25PWG1idzYxWWlmOG9RLXFsZWNKRWM5ajV6REVwdFRSQ3Z0aWJTazNHSTA2QVpHRmsySWlsS0ozUmdHTQ?oc=5), [chinaevhome.com](https://chinaevhome.com/2026/11/03/report-xpeng-taps-former-volvo-executive-to-lead-south-korea-operations-from-dec/), [亚洲日报](https://news.google.com/rss/articles/CBMiW0FVX3lxTE1na2JZT2d4UUl4VGpYYllXM3RCS2d5ZG9oU29GcGpZVENfR0NKWExCMDg3YXJhUUZTNmhacVNRd2lsOFpoR01TZ040eFRYYjN0WFpnNjNzakFrY1U?oc=5), [en.sedaily.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVGdJRGZoMW5IRjNDOFM0MlViOF9xNjBuM2cyME9XRGlkUEJOT3YyNWxhNGg4NjVWeHVxM2dLRlAwT3BuV1F1eUtKNUdXTXBhUmJlMTdmOS1idUZmMnBnTlcyOWZ3SkpkVHhvNFRUMXJUZUc4emlNbWtoNVhSWm9GQnU4NTBURzhUaE9JS3NZRjgtYUt6T2hpTm9nclRDY1ZZ?oc=5), [Yahoo Finance](https://news.google.com/rss/articles/CBMikAFBVV95cUxQM1h4TTc3czhTYml0RVhKOXljYVUzZC1BQUg1bFBRX3hfX2pjQ0dGam80ZTd1Zi11MXV1RDhkNTV6LXZQM2ZFOVE4MkpxN1h2SnVGRmFvNE52bG9Na0lEYm1tMUw2NU04UGhXTXJsc3JqNU1NLUFsQ0pfUTVvYzRaak1VN0J1M29UaHhsVC1heXM?oc=5), [www.marketscreener.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxQTDFGc1N2TVd5UzZsei1QVjF3NFg0SDdLekw5b1VZOUhjQXlzX3lubEI2MjZxZzZUd1JlM2p2SHpCUDY5anJqMWlrUEwxQ2tWcDk4b09Pa1JBQ0JzRzNUc0gyd2pJT1NSOGotZWFXYnItMlp1NnRISHBKeHlMcWhoNnhocHVWSjk1RHFrRkRnM05SZFJ6eG92WER4MzR2alh6NnpFT0thYUdkaTJvZXNN?oc=5), [新浪财经](https://news.google.com/rss/articles/CBMieEFVX3lxTFB1RXdJbE10MWhUSS1ZWjZkajBlZnJwQ0trTWdKVnlRYlpxSFZ4aVZvcHFsem5FRDFLaGtrS2FiSmNWVk9FbHFidndkNmdxM0dUMEFEeXFGbFF2VWFqVnVxZ1NmSGhwQWZQa3lGMGx6V2NVYzFkTVlaUQ?oc=5), [手机新浪网](https://news.google.com/rss/articles/CBMif0FVX3lxTE5ydWhRMWpNc3RBUWRnd2tkRTlKMXZRV1dPYWRwWmxQRWp2bjBnZ05FMG8wcjE0bmJrNjFPZ0RBdHhvRWVfTnZyc0k2OFQ4cEtSRXRGVV9QMnoxVXljX25FV2wwaXVZWnVvWTg0ZFN5Y2FtY1ExaEZaRG1sbEY4bVU?oc=5), [StreetInsider](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPV0Y1V3VQS0Uybk5TczVZb1JkNTFVRllQenYtcDhLUUY0aHZibXdVb2FIV1oyLXBMQTNiZzNXNlZZbHpJWjhlMFpSUmlTczliQlpfMjFZc1A1MnNWXzI1Y1h2VjYwdkxXTVVObUl1YTdzbHQyYzdoMENjTEs0Tm5nNmFDS2luTTNOSVRZeDBvZVh5TGlQd3FzSnkyNjE3dXdUU19zTjJ5YkpYTGxLSG01QlZEOG1lSTZB?oc=5))
- Xpeng appointed Lee Man-sik, formerly of Volvo Car Korea, as head of its Korean subsidiary effective December 1, 2026. (13 independent sources: [Floyd County Times](https://news.google.com/rss/articles/CBMilgJBVV95cUxQT3VELWxvMzBLQ0kyaTBTVldyTkVubjVWVnljTkVLaThJWjdDQ1NxWVprX0FPMHBrQllyd3VHQjhNTG9EcnU4U0lKSWRFMEV2b0R2TmMzSm1uRmc1dVRCMURoLXlXdlNDUXhpRVJmSHlLUXdlNWJ4Q0lUSmlKLUtWQjlSYXUtRldqTzFtN05GZEpxQlYwazdPX0xkVU5vQVlFWG8wUEQ0UlFSYUc4UjdNbHliWHU3SG4ybGZyTW5kNk9pMjBKR2hLeWNVNkdCUEhGMmNnOFZCU0xlazk2UTZTYTRVb3VVSTdXY29JRGUtalRnN3VQbDFqbGNVVmlxLV9pUGd4c2VVNE1hb0R0aXVCU1VLUzlXdw?oc=5), [mtairynews.com](https://news.google.com/rss/articles/CBMimgJBVV95cUxQN2F0NnhmclNpR0t2NTlKMlAyMUlpLWczcVNhaVJzVjZVeFhfTE03Y0s3Y2Z0Ykc3d080Vng3dm9RNXJJVjdkUUU1bUNnc3k2YTNmc0x4X1MxMFdTZ1Q4eGVkcXQ1cmNlcjJnVjRHcEFlMDhTYW9DM1ZhSjdidzZSWDdVMG1uRjJKR1NBSUNYYkd1NXAtQjQ1R3BYWGVXQ19sWE5KX0NkLVE0Tm5MQjlCVVEycXpwZXROUXl0OGtkZk1ZMlRQdW04REpNQWFvM0x3dVhjQ09oSF91LVFaTHd1SjBGWTdhUFdJSXl5TS1DWTdIX1M4ZDAxUzQ5WldYbVE0a3pQUk1ZcEliOVpxdFJ1aUNIRlRkQmlDOGc?oc=5), [cnevpost.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPYVNLU29zTTJ5WFNReC1FUFdNeW9sMnEtQUJsNEs0aHVMMHFMMUg4ZkROel90b2hJU0tIT0VPQVdmamhlb1lKSXNyWHJtUnRtdWVsdXUzb0NtMXdUdU1Za250eHhGVmtJNUxJYlBJYnpIMEgtU3psTmlKRi1kQkpCazVVcmhab2pmdG1LOGlSZ3ZzLU0?oc=5), [The Manila Times](https://news.google.com/rss/articles/CBMi6gFBVV95cUxQUURPbUVWUVhGenVuUkJleUhkWjNFQ1pLYUxpYkgzZ2lxVmNWMGRWRmJXT2t0SU1xZW5OM3dhcU4tVUR4TjdpTHRVX19xZjhaQXB4S1lFQlpVa3VBb2k5YVdhNGhFNF9INHh2Y09fbExMUmlCWGNVT2d6QWhJWW5ZTTd0RDhGS1ZZdmlOVEZoT2E5Wl8weU5ySFZaTlQ3RjVycnNFNWJkbXRmNGM0TXpPUG1GTk5BMDhhSkcxT0llOVdsdGJCdUFIdTFLR0NsampvY2xrNllrT2p1aVNGYkFqYTZTUGtTb0tZZnfSAe8BQVVfeXFMTjhsNW9RbW5JckRrQnM2QzJTRTRnNFk1am5PM1ZyUV8zSFJ3aVNaeFdRdmQ3QWpmNWZUc1dPbGFYRTFjODBRak5IU3dvMlpIUkJhUWkwSjc3SXpYMXNvbkJSdTlIN1VtaXF1VXFROW81THYyRW9pSlFoTDBqRVRXbXVzT2pZNENnZnhrc2V6S1o2RVFadFlLVFdlUGwwQ21xV2FYVlF4RzV4bkU4ZGdOOTZUYmdWZGwtcEpBemdpZk12Nm9RVm1OdEpuOFdHUDJJUnhFWVpZVmJEUlZ1WmllT1F3aURpTnRWNUpJR2Q2RTA?oc=5), [The EV Report](https://news.google.com/rss/articles/CBMigwFBVV95cUxQdmFxN2wtVGhJNlBQVDFnMXpPbkd2a25UYmR4Zy1xMEhQaE5fbUl3SWtDYTBQNW5NZktsTlJRdHpJT2p0b0dyMlN0XzhndWFWd1pqVWJsZS1GaUdFdFZLTktqTXhoWk94VGg1dTVhbTlDa0lZbXo4d1dnc0pOWkVEQTdVdw?oc=5), [carguy.kr](https://www.carguy.kr/news/articleView.html?idxno=62294), [Moomoo](https://news.google.com/rss/articles/CBMiswFBVV95cUxNcUFMX1VXWEJYUUZnSjRSWnVqcTAwWkNWTlluSU9lMVZGaWN1akVRekJNQnZ1WHgzTUZic1JIeVpkbDlINDdkQTN4Z3lLdE1ZREhzZUJhbFh0b1JOejBPSDlYZXdBTWpwUDJnSVpmWmpmc3dSdGlpS25PWG1idzYxWWlmOG9RLXFsZWNKRWM5ajV6REVwdFRSQ3Z0aWJTazNHSTA2QVpHRmsySWlsS0ozUmdHTQ?oc=5), [chinaevhome.com](https://chinaevhome.com/2026/11/03/report-xpeng-taps-former-volvo-executive-to-lead-south-korea-operations-from-dec/), [亚洲日报](https://news.google.com/rss/articles/CBMiW0FVX3lxTE1na2JZT2d4UUl4VGpYYllXM3RCS2d5ZG9oU29GcGpZVENfR0NKWExCMDg3YXJhUUZTNmhacVNRd2lsOFpoR01TZ040eFRYYjN0WFpnNjNzakFrY1U?oc=5), [en.sedaily.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVGdJRGZoMW5IRjNDOFM0MlViOF9xNjBuM2cyME9XRGlkUEJOT3YyNWxhNGg4NjVWeHVxM2dLRlAwT3BuV1F1eUtKNUdXTXBhUmJlMTdmOS1idUZmMnBnTlcyOWZ3SkpkVHhvNFRUMXJUZUc4emlNbWtoNVhSWm9GQnU4NTBURzhUaE9JS3NZRjgtYUt6T2hpTm9nclRDY1ZZ?oc=5), [Yahoo Finance](https://news.google.com/rss/articles/CBMikAFBVV95cUxQM1h4TTc3czhTYml0RVhKOXljYVUzZC1BQUg1bFBRX3hfX2pjQ0dGam80ZTd1Zi11MXV1RDhkNTV6LXZQM2ZFOVE4MkpxN1h2SnVGRmFvNE52bG9Na0lEYm1tMUw2NU04UGhXTXJsc3JqNU1NLUFsQ0pfUTVvYzRaak1VN0J1M29UaHhsVC1heXM?oc=5), [www.marketscreener.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxQTDFGc1N2TVd5UzZsei1QVjF3NFg0SDdLekw5b1VZOUhjQXlzX3lubEI2MjZxZzZUd1JlM2p2SHpCUDY5anJqMWlrUEwxQ2tWcDk4b09Pa1JBQ0JzRzNUc0gyd2pJT1NSOGotZWFXYnItMlp1NnRISHBKeHlMcWhoNnhocHVWSjk1RHFrRkRnM05SZFJ6eG92WER4MzR2alh6NnpFT0thYUdkaTJvZXNN?oc=5), [StreetInsider](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPV0Y1V3VQS0Uybk5TczVZb1JkNTFVRllQenYtcDhLUUY0aHZibXdVb2FIV1oyLXBMQTNiZzNXNlZZbHpJWjhlMFpSUmlTczliQlpfMjFZc1A1MnNWXzI1Y1h2VjYwdkxXTVVObUl1YTdzbHQyYzdoMENjTEs0Tm5nNmFDS2luTTNOSVRZeDBvZVh5TGlQd3FzSnkyNjE3dXdUU19zTjJ5YkpYTGxLSG01QlZEOG1lSTZB?oc=5))
- Lawmakers from both the majority and opposition have asked to include electric vehicles in the domestic production tax credit. (10 independent sources: [연합뉴스](https://news.google.com/rss/articles/CBMiYEFVX3lxTE4zRGxfU2VlZDY4d3pLbHIyVlZKS3J2S096eWhiLTZDQTdqcFBTeV9zVzV6QUctRUNlbkU0LUEtU2VjY1hsYkZfemlNc3JjV2F4RVJVVHU1LXdxOWh3cG9YUtIBYEFVX3lxTE4zRGxfU2VlZDY4d3pLbHIyVlZKS3J2S096eWhiLTZDQTdqcFBTeV9zVzV6QUctRUNlbkU0LUEtU2VjY1hsYkZfemlNc3JjV2F4RVJVVHU1LXdxOWh3cG9YUg?oc=5), [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62078), [이코노미스트](https://news.google.com/rss/articles/CBMiYkFVX3lxTE1nNnVnVGNHVnpwSGlkdzVzRXdfTzQ1aU5Id3daMWd0QlpTVkdyX25tQTAzWi15M254d3JodU9EdEhJNTZkVnpmTFJOQ3JLUjdDTXJpT3lkakROeHZvLUJmS2hn?oc=5), [뉴시스](https://news.google.com/rss/articles/CBMieEFVX3lxTE9OLU1TRDJQWmdVd2dPT3N5bmtxVlhxZ3FHb2YwWHZ6ckMwS015dWFlekZuSVdjT3BGMmZKZTIxR0dRc0NMWWtTSHpRSzdhLTZuanpXUmhBMmFOdGk3aEo5RDlqNnZiQW9lY1liOHZGVVVqc0pldlZac9IBeEFVX3lxTE9OLU1TRDJQWmdVd2dPT3N5bmtxVlhxZ3FHb2YwWHZ6ckMwS015dWFlekZuSVdjT3BGMmZKZTIxR0dRc0NMWWtTSHpRSzdhLTZuanpXUmhBMmFOdGk3aEo5RDlqNnZiQW9lY1liOHZGVVVqc0pldlZacw?oc=5), [다나와 자동차](https://news.google.com/rss/articles/CBMibEFVX3lxTFBTbVVLRG8wQTZFcmdmQ2RZLU50c1l0NUZjQnItN01Bc2s0ZnZFeUhPSTNGNEFucTZucmhqbm4xOVZsM3JxcVkyU05vMEdIcWJXZXN3RUQ2SUdyUVE5Ylg1bHJOd1ZYa21KY3JPZQ?oc=5), [세무사신문](https://news.google.com/rss/articles/CBMibkFVX3lxTFBHYUdoMXJsMHk1VTBQTmNkNUhudGNVOVFyQXVTZ0UzY1prOWRtY1czQmZhejRyVXdvMFVGNUlYeEc3REdZb3M4YXdFMHFHdGotVjhKXzIybjhqNURoeVNmZDVjRHBwUjNxNFJoaEhR?oc=5), [서울경제](https://news.google.com/rss/articles/CBMiU0FVX3lxTFBUSjdSb1pGNzZVTGllY0VNTHVmNlBZSC0zQWxvYjd2OUNaWUk0Z3BYOThGY0tDVVhTVFVxWXp1eEh5N0l5cXROQWdHTjA4Y3lySWNR0gFTQVVfeXFMUFRKN1JvWkY3NlVMaWVjRU1MdWY2UFlILTNBbG9iN3Y5Q1pZSTRncFg5OEZjS0NVWFNUVXFZenV4SHk3SXlxdE5BZ0dOMDhjeXJJY1E?oc=5), [코리아이글뉴스](https://news.google.com/rss/articles/CBMic0FVX3lxTE9WTGFjbE1waGVlMUFwR19kN1ZfVkNhcmJYTnZkSmktS2RmeGd6MHlNLW5aa3Z1M1hha283ejMydHp2ZFU4VnBNRERCd2I2Q0NWMFhSME41bnVBYmZiU1FSeGFESmlCelB5MjYwV29fM29HRHc?oc=5), [지피코리아](https://news.google.com/rss/articles/CBMiakFVX3lxTE56UE1GdmhQaUpicTlCdXBBSndVZk9iUVZuMW4zaXh1VlVWU2dXN2RObVBDLXFLOGhYV1pPMlVUYWNkLS1HTV9ZUF9RMEZVMWpRVXEyeEFxS3N4MjNqdnVNcm1lTXltWnpqQVHSAW5BVV95cUxOby1WNFBWV2l5YV9xcE4wY1plNUNINVpyeEZfdko4UjlIc1EtSUpuM29SWVViOEdwVDU4UDNjSi1sUXdlUHFaeUhUNWxENEFwYjlLN1dSb2JpWTd1RldTcjE5OWRRQVFFUmdwTk5SQQ?oc=5))
- The share of domestic electric vehicles fell to 48.7%, below a majority, a first. (4 independent sources: [한국경제](https://news.google.com/rss/articles/CBMiWkFVX3lxTE9Cb3F1eGlhR1ZuVzVObWduNjFtdE5icHhzRkNhbVZUd3h0MWM5SV9Tc0hpVExwVEVYR0xoaXhtVzZRVmROUUNfRng0MWo3ajdrZ3Eta0FoTmpYUQ?oc=5), [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62082), [서울경제](https://news.google.com/rss/articles/CBMiU0FVX3lxTFBUSjdSb1pGNzZVTGllY0VNTHVmNlBZSC0zQWxvYjd2OUNaWUk0Z3BYOThGY0tDVVhTVFVxWXp1eEh5N0l5cXROQWdHTjA4Y3lySWNR0gFTQVVfeXFMUFRKN1JvWkY3NlVMaWVjRU1MdWY2UFlILTNBbG9iN3Y5Q1pZSTRncFg5OEZjS0NVWFNUVXFZenV4SHk3SXlxdE5BZ0dOMDhjeXJJY1E?oc=5), [지피코리아](https://news.google.com/rss/articles/CBMiakFVX3lxTE56UE1GdmhQaUpicTlCdXBBSndVZk9iUVZuMW4zaXh1VlVWU2dXN2RObVBDLXFLOGhYV1pPMlVUYWNkLS1HTV9ZUF9RMEZVMWpRVXEyeEFxS3N4MjNqdnVNcm1lTXltWnpqQVHSAW5BVV95cUxOby1WNFBWV2l5YV9xcE4wY1plNUNINVpyeEZfdko4UjlIc1EtSUpuM29SWVViOEdwVDU4UDNjSi1sUXdlUHFaeUhUNWxENEFwYjlLN1dSb2JpWTd1RldTcjE5OWRRQVFFUmdwTk5SQQ?oc=5))
- Chinese electric vehicles accounted for 43.5% of EV registrations in South Korea from January to September. (3 independent sources: [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62078), [다나와 자동차](https://news.google.com/rss/articles/CBMibEFVX3lxTFBTbVVLRG8wQTZFcmdmQ2RZLU50c1l0NUZjQnItN01Bc2s0ZnZFeUhPSTNGNEFucTZucmhqbm4xOVZsM3JxcVkyU05vMEdIcWJXZXN3RUQ2SUdyUVE5Ylg1bHJOd1ZYa21KY3JPZQ?oc=5))
- Up to 410,000 jobs and 2,200 billion won would be threatened by 2030 due to Chinese competition. (3 independent sources: [매일경제](https://news.google.com/rss/articles/CBMiUkFVX3lxTFBsRFNMQUpPTmtLUWo1akZEeGhWbVBFc2V0alV4SEFrUkZyRUcyY0QzTUhYRlRiV3RYV2NtekM1SkpWRV9qV3I5SERPZHpISWdvVEE?oc=5), [재경일보](https://news.google.com/rss/articles/CBMiS0FVX3lxTFBQdFZKS3QzTmtJdWdiSG5YMlZXTG1WUC1aYy1GQ3ctZzI0WE9zcjBPUXZ2bTVna1U0ZUVqQ0lGbUdBeE1YUEtUcjlqNA?oc=5), [Chosunbiz](https://news.google.com/rss/articles/CBMiggFBVV95cUxOVmp5cVBqT3FzWTAwWUhOSVNZbW1YNnZhRnA5akdlSGFsYmkyY1NsZXFPeXkwYVhybVc2a1d1TG50RFZ3MTZZcGltNjZPNFQtcDNHT3N0Y2p4WGJuUHFrekFFNTBrX2ZoX3RDaVFuNzBmS3QycWtvZ3F4LUQ5cUlJd21R0gGWAUFVX3lxTFBCR0hUa3hmR0h1M3FHSW4yVVc0dTdWRXpxb2liSzBaa2tiTXh3MXFfcDY0am10UmZrb1NjVEJ5djc0SElGTGNLTXRBWVYwNUpfTUg5cVhOS1hQRlpoNGVzaGE5NTM2TGJXbFZ0OUJleldKemdoU0pTVExmbERqUEtpOUN0a1Iyb1lNOXJVck1ZRlBITW5UQQ?oc=5))

**Single source so far**

- From January to September, 112,417 Chinese electric vehicles were registered, compared to 51,535 a year earlier. (according to [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62082))
- The government's August 2026 tax reform proposal excluded electric vehicles from the domestic production tax credit. (according to [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62078))
- BYD sold more than 20,000 vehicles in South Korea in the first nine months of 2026, ahead of Toyota and Lexus combined. (according to [ad-hoc-news.de](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/byd-s-korean-breakthrough-and-a-new-seal-sales-momentum-outpaces-earnings-credibility/70453779))
- A plan provides for 2,000 billion won in subsidies for about 430,000 electric vehicles next year. (according to [asiae.co.kr](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9QYVZXNENUUUlxckQ1TnBFQXdBMGl4bEZlX0gtQmthOWczUXQ4dXExdmNNV05mZGlSQWV0Q19kaDhNVG9ybGlYMDhIVm5BYzI2dnkzVnR2NTZHNnlNTWg2dVc0QnA?oc=5))

**Updates**

- 4 November 2026 at 09:18: Zeekr hires a dedicated head of government relations in South Korea.
- 4 November 2026 at 09:18: New figure: up to 2,200 billion won threatened by 2030.
- 4 November 2026 at 09:18: New figure: BYD exceeds 20,000 sales in South Korea in the first nine months of 2026.
- 4 November 2026 at 04:46: New: plan for 2,000 billion won in subsidies for about 430,000 electric vehicles next year.
- 3 November 2026 at 13:24: Xpeng confirms its plan to enter the South Korean market.
- 3 November 2026 at 13:24: New figure: up to 410,000 jobs threatened according to a South Korean media outlet.
- 3 November 2026 at 09:50: The Deputy Prime Minister announces a competitiveness plan for electric vehicles this month.
- 3 November 2026 at 09:50: Share of domestic electric vehicles specified at 48.7%.
- 3 November 2026 at 09:50: Precise figure: 112,417 Chinese electric vehicles registered from January to September, compared to 51,535 a year earlier.

**Checked on the web**

_Automatic web search, official sources first; “contradicted” only when an official source is cited._

- Not confirmed at this stage: Xpeng confirmed its plan to enter the South Korean market. ([koreaherald.com](https://www.koreaherald.com/article/10923225), [en.sedaily.com](https://en.sedaily.com/finance/2026/11/02/koreas-finance-chief-backs-talks-on-ev-production-tax-credit), [en.sedaily.com](https://en.sedaily.com/finance/2026/11/03/finance-minister-signals-openness-to-ev-production-tax), [en.sedaily.com](https://en.sedaily.com/finance/2026/11/03/korean-evs-fall-below-50-percent-share-as-lawmakers-push), [en.fnnews.com](https://en.fnnews.com/news/202611030922323144))
- Not confirmed at this stage: Xpeng appointed Lee Man-sik, formerly of Volvo Car Korea, as head of its Korean subsidiary effective December 1, 2026. ([en.sedaily.com](https://en.sedaily.com/finance/2026/11/01/chinese-evs-push-korean-automakers-below-70-percent-home), [koreatimes.co.kr](https://www.koreatimes.co.kr/amp/business/companies/20260805/koreas-china-dilemma-deepens-as-chinese-carmakers-expand-strategic-influence), [en.sedaily.com](https://en.sedaily.com/finance/2026/11/03/korean-evs-fall-below-50-percent-share-as-lawmakers-push), [mobile.chinadaily.com.cn](https://mobile.chinadaily.com.cn/cn/html5/2026-08/06/content_013_6a739445ed50be540e7357eb.htm), [koreatimes.co.kr](https://www.koreatimes.co.kr/business/companies/20260630/chinese-ev-makers-gain-traction-in-koreas-import-car-market-despite-uphill-battle))
- Confirmed: From January to September, 112,417 Chinese electric vehicles were registered, compared to 51,535 a year earlier. ([en.sedaily.com](https://en.sedaily.com/finance/2026/11/03/korean-evs-fall-below-50-percent-share-as-lawmakers-push), [en.sedaily.com](https://en.sedaily.com/finance/2026/09/23/ev-market-rebounds-but-tesla-and-byd-reap-the-gains), [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=280201), [en.sedaily.com](https://en.sedaily.com/finance/2026/11/01/chinese-evs-push-korean-automakers-below-70-percent-home), [en.sedaily.com](https://en.sedaily.com/opinion/2026/11/03/cheap-chinese-evs-land-in-korea-tax-credit-bill-cannot-wait))

## Background

_Context and reference points, separate from the story’s news; every item links to its source._

**Key terms**

- **Production tax credit**: A tax credit is an amount subtracted from the tax owed by a company or individual; it may be granted to encourage investments or other virtuous behaviors and, in some cases, be refundable when it exceeds the tax amount. ([Wikipédia](https://fr.wikipedia.org/wiki/Cr%C3%A9dit_d%27imp%C3%B4t))
- **Electric vehicle purchase subsidy**: In an ecological bonus-malus system, the bonus is financial aid that rewards individuals acquiring or leasing under conditions a new vehicle emitting a limited amount of carbon dioxide (CO2) per kilometer, in order to steer consumption toward lower-emitting vehicles. ([Wikipédia](https://fr.wikipedia.org/wiki/Bonus-malus_%C3%A9cologique))

## Sources by country and language

- South Korea: 57 articles, 36 outlets
- United States: 13 articles, 12 outlets
- China: 6 articles, 5 outlets
- United Kingdom: 2 articles, 2 outlets
- Germany: 1 articles, 1 outlets
- Japan: 1 articles, 1 outlets
- unknown: 1 articles, 1 outlets

**Languages**: Korean (52), English (24), Chinese (4), Japanese (1)

## Timeline (27 events)

### 1 November 2026 — [South Korea: domestic brand market share threatened to drop below 70%](https://mecapress.com/events/1423-south-korea-domestic-brand-market-share-threatened-to-drop-below-70.md)

South Korean press notes that the SUV offering around 20 million won is diversifying and that the market share of domestic manufacturers, close to 70%, is now under threat.

1 sources, 3 articles · Corée du Sud, Chine

### 2 November 2026 — [Chinese brands gain ground in South Korea's imported car market](https://mecapress.com/events/1870-chinese-brands-gain-ground-in-south-korea-s-imported-car-market.md)

In South Korea, Tesla and BYD accounted for 39.1% of imported vehicle sales over nine months, while Chinese brands such as Zeekr, Xpeng, and Xiaomi are gaining strength, including through the recruitment of executives from European brands.

1 sources, 1 articles · Corée du Sud, Chine

### 2 November 2026 — [South Korea to announce its electric vehicle competitiveness plan this month](https://mecapress.com/events/2313-south-korea-to-announce-its-electric-vehicle-competitiveness-plan-this-month.md)

Deputy Prime Minister Lee Hyeongil met with Euisun Chung, president of Hyundai Motor Group, and announced the presentation this month of a competitiveness plan for electric vehicles.

2 sources, 2 articles · Séoul — Corée du Sud

### 2 November 2026 — [Corée du Sud : un éditorial presse d'accélérer le crédit d'impôt à la production de VE](https://mecapress.com/events/3494-coree-du-sud-un-editorial-presse-d-accelerer-le-credit-d-impot-a-la-production.md)

Un éditorial sud-coréen appelle à légiférer rapidement sur le crédit d'impôt à la production de véhicules électriques face à l'arrivée des VE chinois à bas prix.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [Essai du BYD Sealion 6 DM-i en Corée du Sud](https://mecapress.com/events/2794-essai-du-byd-sealion-6-dm-i-en-coree-du-sud.md)

La presse sud-coréenne salue le silence de fonctionnement et l'autonomie du SUV hybride rechargeable BYD Sealion 6 DM-i.

1 sources, 2 articles · Corée du Sud

### 3 November 2026 — [South Korea: parties call for a tax credit for locally produced EVs](https://mecapress.com/events/2790-south-korea-parties-call-for-a-tax-credit-for-locally-produced-evs.md)

As Chinese electric vehicles reach a 43.5% share of the South Korean market, lawmakers from both sides are asking to include EVs in the domestic production tax credit, which is being examined this month.

2 sources, 18 articles · Séoul — Corée du Sud, Chine

### 3 November 2026 — [Corée du Sud : la part des marques nationales passe pour la première fois sous les 50 %](https://mecapress.com/events/2823-coree-du-sud-la-part-des-marques-nationales-passe-pour-la-premiere-fois-sous.md)

La pression des véhicules électriques chinois fait chuter la part de marché des constructeurs nationaux sud-coréens sous la barre des 50 % pour la première fois.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [Xpeng prépare son entrée en Corée du Sud et nomme un ancien de Volvo à la tête de la filiale](https://mecapress.com/events/2820-xpeng-prepare-son-entree-en-coree-du-sud-et-nomme-un-ancien-de-volvo-a-la-tete.md)

Xpeng annonce son projet d'entrée sur le marché sud-coréen et la nomination d'un ancien dirigeant de Volvo pour piloter l'activité locale.

5 sources, 21 articles · Corée du Sud — Corée du Sud, Chine

### 3 November 2026 — [BYD, Zeekr et Xpeng accélèrent leur implantation en Corée du Sud](https://mecapress.com/events/2816-byd-zeekr-et-xpeng-accelerent-leur-implantation-en-coree-du-sud.md)

Après BYD, Zeekr et Xpeng construisent progressivement leurs bases commerciales en Corée du Sud, accentuant la concurrence sur le marché local des véhicules électriques.

3 sources, 6 articles · Corée du Sud — Corée du Sud, Chine

### 3 November 2026 — [Corée du Sud : les VE chinois représentent 43,5 % des immatriculations de janvier à septembre](https://mecapress.com/events/2924-coree-du-sud-les-ve-chinois-representent-43-5-des-immatriculations-de-janvier-a.md)

Les immatriculations de voitures électriques chinoises en Corée du Sud ont plus que doublé sur un an, à 112 417 unités, portant leur part de marché à 43,5 % contre 48,7 % pour les modèles locaux. Une chronique critique l'absence de réponse industrielle du gouvernement.

2 sources, 2 articles · Corée du Sud, Chine

### 3 November 2026 — [En Corée du Sud, l'offensive des voitures chinoises devient une réalité pour les constructeurs locaux](https://mecapress.com/events/2991-en-coree-du-sud-l-offensive-des-voitures-chinoises-devient-une-realite-pour-les.md)

Une chronique du Maeil Business analyse la progression des marques chinoises en Corée du Sud, où les acheteurs se détachent des préjugés, et s'interroge sur les moyens d'éviter une crise pour l'industrie nationale.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [Corée du Sud : le crédit d'impôt à la production de VE attendu bénéfique aux batteries](https://mecapress.com/events/3319-coree-du-sud-le-credit-d-impot-a-la-production-de-ve-attendu-benefique-aux.md)

Le crédit d'impôt sur la production de véhicules électriques en Corée du Sud est présenté comme un levier pour les fabricants nationaux de batteries.

1 sources, 2 articles · Corée du Sud

### 3 November 2026 — [Zeekr recrute des équipes dédiées pour attaquer le marché sud-coréen](https://mecapress.com/events/3708-zeekr-recrute-des-equipes-dediees-pour-attaquer-le-marche-sud-coreen.md)

Zeekr accélère son offensive sur le marché sud-coréen des véhicules électriques et cherche à recruter du personnel chargé des relations institutionnelles et gouvernementales.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [Corée du Sud : le gouvernement infléchit sa politique face aux VE chinois](https://mecapress.com/events/3102-coree-du-sud-le-gouvernement-inflechit-sa-politique-face-aux-ve-chinois.md)

Face à l'offensive des véhicules électriques chinois, Séoul revoit sa politique et le secteur réclame des mesures de soutien supplémentaires.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [Les VE chinois menacent 410 000 emplois en Corée du Sud](https://mecapress.com/events/3073-les-ve-chinois-menacent-410-000-emplois-en-coree-du-sud.md)

Selon un média sud-coréen, la pression des véhicules électriques chinois pourrait menacer jusqu'à 410 000 emplois dans l'industrie automobile coréenne.

2 sources, 4 articles · Corée du Sud — Corée du Sud, Chine

### 3 November 2026 — [Corée du Sud : le crédit d'impôt à la production de véhicules électriques entre en vigueur](https://mecapress.com/events/3636-coree-du-sud-le-credit-d-impot-a-la-production-de-vehicules-electriques-entre.md)

Le crédit d'impôt à la production de véhicules électriques démarre en Corée du Sud, une mesure destinée à aider les constructeurs locaux face à l'offensive des modèles chinois low-cost.

1 sources, 1 articles · Corée du Sud

### 3 November 2026 — [Corée du Sud : un éditorial s'inquiète de la montée des VE chinois](https://mecapress.com/events/3349-coree-du-sud-un-editorial-s-inquiete-de-la-montee-des-ve-chinois.md)

Un éditorial sud-coréen alerte sur la progression rapide de la part des véhicules électriques chinois, qui menace la base industrielle des constructeurs nationaux.

1 sources, 1 articles · Corée du Sud, Chine

### 3 November 2026 — [L'industrie automobile coréenne face au « China Shock 2.0 »](https://mecapress.com/events/3562-l-industrie-automobile-coreenne-face-au-china-shock-2-0.md)

Une analyse de Capital Economics décrit une nouvelle vague de pression des constructeurs chinois sur l'industrie automobile coréenne. Elle prolonge les inquiétudes sur la part de marché des marques nationales en Corée du Sud.

1 sources, 2 articles · Corée du Sud, Chine

### 3 November 2026 — [Les marques chinoises de véhicules électriques montent en puissance en Corée du Sud](https://mecapress.com/events/3676-les-marques-chinoises-de-vehicules-electriques-montent-en-puissance-en-coree-du.md)

Le premier constructeur chinois de véhicules électriques enregistre de bons résultats en Corée du Sud, tandis que les deuxième à quatrième acteurs du secteur s'y implantent successivement.

1 sources, 1 articles · Corée du Sud, Chine

### 4 November 2026 — [BYD dépasse 20 000 ventes en Corée du Sud sur neuf mois](https://mecapress.com/events/3904-byd-depasse-20-000-ventes-en-coree-du-sud-sur-neuf-mois.md)

BYD a écoulé plus de 20 000 véhicules en Corée du Sud sur les neuf premiers mois de 2026, devançant Toyota et Lexus réunis, avec des livraisons d'octobre en hausse de 11 %.

1 sources, 1 articles · Corée du Sud — Corée du Sud, Chine

### 4 November 2026 — [Corée du Sud : 430 000 véhicules électriques subventionnés l'an prochain pour 2 000 milliards de wons](https://mecapress.com/events/3659-coree-du-sud-430-000-vehicules-electriques-subventionnes-l-an-prochain-pour-2.md)

Le gouvernement sud-coréen prévoit de consacrer 2 000 milliards de wons de subventions à environ 430 000 véhicules électriques l'an prochain, Kim Seonghwan appelant le public à s'engager dans la transition électrique.

1 sources, 2 articles · Corée du Sud

### 4 November 2026 — [La première marque chinoise de VE en Corée du Sud en forte hausse, les autres accélèrent](https://mecapress.com/events/3700-la-premiere-marque-chinoise-de-ve-en-coree-du-sud-en-forte-hausse-les-autres.md)

La marque chinoise de véhicules électriques la plus vendue en Corée du Sud enregistre de fortes ventes, tandis que d'autres constructeurs chinois accélèrent leur entrée sur le marché sud-coréen.

1 sources, 1 articles · Corée du Sud, Chine

### 4 November 2026 — [Les constructeurs chinois préparent une deuxième vague d'entrée en Corée du Sud](https://mecapress.com/events/3781-les-constructeurs-chinois-preparent-une-deuxieme-vague-d-entree-en-coree-du-sud.md)

Après BYD et Zeekr, d'autres constructeurs chinois prévoiraient une nouvelle vague d'implantations sur le marché sud-coréen l'an prochain.

1 sources, 1 articles · Corée du Sud, Chine

### 4 November 2026 — [BYD gagne du terrain sur le marché des taxis en Corée du Sud](https://mecapress.com/events/3720-byd-gagne-du-terrain-sur-le-marche-des-taxis-en-coree-du-sud.md)

BYD a fortement accru sa présence sur le marché des taxis et de la mobilité commerciale en Corée du Sud, selon une analyse relayée par Aju Press. Le constructeur chinois y poursuit son expansion après ses bons résultats sur le marché des véhicules importés.

1 sources, 1 articles · Séoul — Corée du Sud, Chine

### 4 November 2026 — [BYD progresse sur le marché des VTC en Corée du Sud](https://mecapress.com/events/3882-byd-progresse-sur-le-marche-des-vtc-en-coree-du-sud.md)

BYD gagne rapidement du terrain sur le marché sud-coréen des VTC et de la réservation de trajets avec chauffeur, poursuivant son implantation dans les flottes professionnelles du pays.

1 sources, 1 articles · Corée du Sud, Chine

### 4 November 2026 — [Corée du Sud : un éditorial appelle à renforcer la technologie face aux VE chinois](https://mecapress.com/events/3959-coree-du-sud-un-editorial-appelle-a-renforcer-la-technologie-face-aux-ve-chinois.md)

Un éditorial sud-coréen met en garde contre l'afflux de véhicules électriques chinois et appelle les constructeurs nationaux à renforcer leur technologie.

1 sources, 1 articles · Corée du Sud, Chine

### 4 November 2026 — [Les VE chinois menacent 2 200 milliards de wons de revenus en Corée du Sud d'ici 2030](https://mecapress.com/events/3927-les-ve-chinois-menacent-2-200-milliards-de-wons-de-revenus-en-coree-du-sud-d.md)

Selon une analyse relayée par Chosunbiz, la progression des véhicules électriques chinois pourrait priver les acteurs sud-coréens de 2 200 milliards de wons de revenus d'ici 2030.

2 sources, 2 articles · Corée du Sud, Chine

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Cite as: Mecapress, “South Korea: EV production tax credit and Chinese brands' offensive”, https://mecapress.com/stories/159-south-korea-ev-production-tax-credit-and-chinese-brands-offensive
Methodology: https://mecapress.com/methodology