# South Korea: Chinese EVs at 43.5% of market, local brands below 50%

> In South Korea, registrations of Chinese electric vehicles more than doubled year‑on‑year to 112,417 units from January to September, raising their share to 43.5%, while the share of domestic manufacturers fell below 50% for the first time. This growth is accompanied by the entry of BYD, Zeekr and Xpeng and by concerns reported in the press about employment and the local industrial base. The South Korean authorities are responding with a production tax credit for EVs, presented as support for manufacturers and battery makers, and plan 2,000 billion won in subsidies for about 430,000 EVs next year. The sub‑events concern almost exclusively South Korea, with China involved as the origin of the manufacturers; the United States and the United Kingdom cover the issue without any distinct national element provided.

**In brief**: Ongoing story bringing together 21 events involving BYD, Hyundai, Kia and 10 more, in 2 countries (Corée du Sud, Chine), followed from 1 November 2026 to 4 November 2026. 69 articles from 14 sources (sales and market, regulation and tariffs, plants, jobs and earnings and 2 more); last updated on 4 November 2026 at 02:39. 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, Xpeng, Zeekr, 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 02:39
- Web page: https://mecapress.com/stories/159-south-korea-chinese-evs-at-43-5-of-market-local-brands-below-50

## National stories (4)

- South Korea — 5 country-specific events, 48 articles
- United States — 0 country-specific event, 12 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 appointed Lee Man-sik, formerly of Volvo Car Korea, as general manager of its Korean subsidiary effective 1 December 2026 and confirmed its plan to enter the South Korean market. (17 independent sources: [cnevpost.com](https://cnevpost.com/2026/11/03/xpeng-plans-south-korea-entry-appoints-former-volvo-exec/), [파이낸셜뉴스](https://www.fnnews.com/news/202611031054083625), [Chosunbiz](https://news.google.com/rss/articles/CBMilgFBVV95cUxOa2htODlWN2JhV1hNaldQN2RnMl9iaFFtNUY1RzFUU0JCckpLT0dLTzBwb21XaWZ1T1VOYVZfTU16WDRLeFFfWGFaQlFVVVp5R0N6WVFLQUJyMGQ0MFd6WGRIeFRnU2lvajNfX2E3RTNBU0RlcVFSVDFOVk5iQ01Ia1JBc2JzZHA3djVMVVZpTWJuVFp3N2fSAZYBQVVfeXFMTmtobTg5VjdiYVdYTWpXUDdkZzJfYmhRbTVGNUcxVFNCQnJKS09HS08wcG9tV2lmdU9VTmFWX01Nelg0S3hRX1hhWkJRVVVaeUdDellRS0FCcjBkNDBXelhkSHhUZ1Npb2ozX19hN0UzQVNEZXFRUlQxTlZOYkNNSGtSQXNic2RwN3Y1TFVWaU1iblRadzdn?oc=5), [The Journal Gazette](https://news.google.com/rss/articles/CBMinwJBVV95cUxQdWFHczFORXFxRWtuSzBidE9JU3RZMHI1U25JdHlobFI5Y1poNnhFQUJUVHRmSS1GWDRoNjdfZktINHY0NmlkdVV0U3Bjd0RoMHV0QXVaaU5zMDVuaUs2U0Jfc3hTM2hoS19SbGJFVlRVdG5ZVXdWRzd5UXhlaDFhT19KSDVxYk1GbVRkOVliSlR1RWktZzA3clNLVTlDbVpMYWh1VnExbkZyT2Y2ZUpIdzdMVDFqbmE4Tkx2dWxHTTR2ZjQtb0djQzlJR2RLWUNqaGF2MDlKclBSRVc2MVRUcEZ4Q291eExxSFZqbHBOS3pDRTRmMkRpWW90UG5uNnRTeElvVkc5dEhoVE5MRzRBc3ZYVWhiSzRnZ3FRVUs1bw?oc=5), [Laurel Leader-Call](https://news.google.com/rss/articles/CBMimwJBVV95cUxQVzUxdF9tX3ZuZVlFN2toS09tb3p1SFhOVnJMd1lOeUI5a3NMVXhSWW9VbXNDWFkxeWtMY25NV3RtcTZYekFlanRoN1dRNjJZNC1wSXNYUE9FZG5CSmhmMzJOZ3VNVFExZHJGS3ZfdFJpdEpFQWpWZjJVTDRSTGRrVWdvMTRXRkZsWllxeDU4d0JKNVM0N0ZnS19kX2k4d1dqQThFVFcwRmtSRVIyNWdFTFNJeFBhZWRGN1Jmdmx4Sy1hSnljRWxBelp3WW54V2pjTDFHNm5NOW5WTnR1dHFTVGowbV9iVTdQaXdzb2FjN08zMGs4SDZPNWYyM2NSaVB5T2p2Zm1oRGRRcHlHT3o2dGZheGlkOXlpT3dn?oc=5), [mtairynews.com](https://news.google.com/rss/articles/CBMimgJBVV95cUxQN2F0NnhmclNpR0t2NTlKMlAyMUlpLWczcVNhaVJzVjZVeFhfTE03Y0s3Y2Z0Ykc3d080Vng3dm9RNXJJVjdkUUU1bUNnc3k2YTNmc0x4X1MxMFdTZ1Q4eGVkcXQ1cmNlcjJnVjRHcEFlMDhTYW9DM1ZhSjdidzZSWDdVMG1uRjJKR1NBSUNYYkd1NXAtQjQ1R3BYWGVXQ19sWE5KX0NkLVE0Tm5MQjlCVVEycXpwZXROUXl0OGtkZk1ZMlRQdW04REpNQWFvM0x3dVhjQ09oSF91LVFaTHd1SjBGWTdhUFdJSXl5TS1DWTdIX1M4ZDAxUzQ5WldYbVE0a3pQUk1ZcEliOVpxdFJ1aUNIRlRkQmlDOGc?oc=5), [Floyd County Times](https://news.google.com/rss/articles/CBMilgJBVV95cUxQT3VELWxvMzBLQ0kyaTBTVldyTkVubjVWVnljTkVLaThJWjdDQ1NxWVprX0FPMHBrQllyd3VHQjhNTG9EcnU4U0lKSWRFMEV2b0R2TmMzSm1uRmc1dVRCMURoLXlXdlNDUXhpRVJmSHlLUXdlNWJ4Q0lUSmlKLUtWQjlSYXUtRldqTzFtN05GZEpxQlYwazdPX0xkVU5vQVlFWG8wUEQ0UlFSYUc4UjdNbHliWHU3SG4ybGZyTW5kNk9pMjBKR2hLeWNVNkdCUEhGMmNnOFZCU0xlazk2UTZTYTRVb3VVSTdXY29JRGUtalRnN3VQbDFqbGNVVmlxLV9pUGd4c2VVNE1hb0R0aXVCU1VLUzlXdw?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), [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 ruling party and the opposition have called for electric vehicles to be included in the domestic production tax credit. (8 independent sources: [동아일보](https://news.google.com/rss/articles/CBMia0FVX3lxTE9SZWthMmZ4cThGQXp1X2ptYmtTT2VOWTdHWkI5X0pidEhnaVVYa2ZTNEQwVzFYYlFoNk5uTEIydFhsUkZ2c3dZYW9WRklHZkZBMXRhbXA4NTJka1k4OTMxNGhyemRTamEtUnhv0gFmQVVfeXFMTXg1a3hnN2sweGUyb2EtOXBMSGZ2VlZiOFdEcUF5b2JvclVVR2lqcXR5Z1p3dVJjQ3lYZEdSaFQ3MkVxd0NtLXF1MllWWHBXenFFYll2ckw5X3BhbnF6VEtBZXFCbUpB?oc=5), [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), [코리아이글뉴스](https://news.google.com/rss/articles/CBMic0FVX3lxTE9WTGFjbE1waGVlMUFwR19kN1ZfVkNhcmJYTnZkSmktS2RmeGd6MHlNLW5aa3Z1M1hha283ejMydHp2ZFU4VnBNRERCd2I2Q0NWMFhSME41bnVBYmZiU1FSeGFESmlCelB5MjYwV29fM29HRHc?oc=5), [지피코리아](https://news.google.com/rss/articles/CBMiakFVX3lxTE56UE1GdmhQaUpicTlCdXBBSndVZk9iUVZuMW4zaXh1VlVWU2dXN2RObVBDLXFLOGhYV1pPMlVUYWNkLS1HTV9ZUF9RMEZVMWpRVXEyeEFxS3N4MjNqdnVNcm1lTXltWnpqQVHSAW5BVV95cUxOby1WNFBWV2l5YV9xcE4wY1plNUNINVpyeEZfdko4UjlIc1EtSUpuM29SWVViOEdwVDU4UDNjSi1sUXdlUHFaeUhUNWxENEFwYjlLN1dSb2JpWTd1RldTcjE5OWRRQVFFUmdwTk5SQQ?oc=5))
- BYD, Zeekr and Xpeng are accelerating their establishment in South Korea; Chery could also enter. (7 independent sources: [autodaily.co.kr](https://www.autodaily.co.kr/news/articleView.html?idxno=601678), [파이낸셜뉴스](https://www.fnnews.com/news/202611031054083625), [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62081), [매일신문](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9MbklsZHJsSU02dUxmRU1GZXJRWFExV3FJaTZ6YWRVU0EwbW1ISzYzSGt5dFhobHNQZEZ6eW1DRVFEWUdreDl6cUlpWVlmVmhDZVo2WUtaZmcyWUJFX2xNWVln?oc=5), [팩트인뉴스](https://news.google.com/rss/articles/CBMicEFVX3lxTE0tbE5uVXpEUjgtN3VVdUt0dGs0Q2RZNUgyenRpemx2REduaF80VXViakt0ckZ0Z0RacHVLcXFBWFg4c3dHQlNWQ01BRThBcURYbXdJYm1ocGxRdXd6NXdqcV9adEthVGp5aGtjSENZSjfSAXRBVV95cUxOcHFVUkR2elRCQ1p4akM4RDc0dkx4N3AzZ1hqZTctbVlpRHN2QllNWUx3UmRyMTZpMWlhZ0dYSWhIZ2NheUpNcDZpTG15ejk5OENCdzZucnY1MnNjMTlMUmdtUHRPSVZpaTluQ1RuNXIyMjFvVQ?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))
- The share of domestic electric vehicles fell to 48.7%, below the majority, a first. (4 independent sources: [연합뉴스](https://news.google.com/rss/articles/CBMiYEFVX3lxTE4zRGxfU2VlZDY4d3pLbHIyVlZKS3J2S096eWhiLTZDQTdqcFBTeV9zVzV6QUctRUNlbkU0LUEtU2VjY1hsYkZfemlNc3JjV2F4RVJVVHU1LXdxOWh3cG9YUtIBYEFVX3lxTE4zRGxfU2VlZDY4d3pLbHIyVlZKS3J2S096eWhiLTZDQTdqcFBTeV9zVzV6QUctRUNlbkU0LUEtU2VjY1hsYkZfemlNc3JjV2F4RVJVVHU1LXdxOWh3cG9YUg?oc=5), [한국경제](https://news.google.com/rss/articles/CBMiWkFVX3lxTE9Cb3F1eGlhR1ZuVzVObWduNjFtdE5icHhzRkNhbVZUd3h0MWM5SV9Tc0hpVExwVEVYR0xoaXhtVzZRVmROUUNfRng0MWo3ajdrZ3Eta0FoTmpYUQ?oc=5), [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62082), [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 2026. (2 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))
- Deputy Prime Minister Rhee Hyung-il stated that a competitiveness plan for electric vehicles would be announced this month and visited Hyundai's Namyang research center. (2 independent sources: [재경일보](https://news.google.com/rss/articles/CBMiYkFVX3lxTE5jbUhlX0tGS0hrZmtuQzFZcTJpWXdaSTdQblJlN1lYOFVQaVRhUm1CeGVZZFVXaDljcW1QRVFfVDFfcnRMQzY0Q1ZzU1pPcFZnVjhRaFFhYjRTMEgwOEVXZHJB?oc=5), [asiae.co.kr](https://news.google.com/rss/articles/CBMiZEFVX3lxTE5UOUo0Qy16Y0JuNW1uX3NMMVplcmJNMnhXa1lNdGtZamR0S1JLWVRqclByOUFPMnFJNGpZZ0p6a0lSaEhSbTNZUjJEcVFUOU84c3ptUE5Oa3JsMGl4OWtRZVNkVG4?oc=5))

**Single source so far**

- From January to September, 112,417 Chinese electric vehicles were registered, compared with 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))
- Tesla and BYD accounted for 39.1% of imported vehicle sales in South Korea over nine months, with four out of ten imported vehicles produced in China. (according to [autodaily.co.kr](https://www.autodaily.co.kr/news/articleView.html?idxno=601678))
- A South Korean media outlet mentions up to 410,000 jobs threatened by competition from Chinese electric vehicles. (according to [매일경제](https://news.google.com/rss/articles/CBMiUkFVX3lxTFBsRFNMQUpPTmtLUWo1akZEeGhWbVBFc2V0alV4SEFrUkZyRUcyY0QzTUhYRlRiV3RYV2NtekM1SkpWRV9qV3I5SERPZHpISWdvVEE?oc=5))

**Updates**

- 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: Domestic electric vehicle share specified at 48.7%.
- 3 November 2026 at 09:50: Exact figure: 112,417 Chinese electric vehicles registered from January to September, versus 51,535 a year earlier.

**Checked on the web**

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

- Confirmed: Xpeng appointed Lee Man-sik, formerly of Volvo Car Korea, as general manager of its Korean subsidiary effective 1 December 2026 and confirmed its plan to enter the South Korean market. ([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/opinion/2026/11/03/cheap-chinese-evs-land-in-korea-tax-credit-bill-cannot-wait), [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/business/companies/20260630/chinese-ev-makers-gain-traction-in-koreas-import-car-market-despite-uphill-battle), [mobile.chinadaily.com.cn](https://mobile.chinadaily.com.cn/cn/html5/2026-08/06/content_013_6a739445ed50be540e7357eb.htm))
- Not confirmed at this stage: Lawmakers from both the ruling party and the opposition have called for electric vehicles to be included in the domestic production tax credit. ([en.sedaily.com](https://en.sedaily.com/finance/2026/11/02/great-wall-motor-to-enter-korea-widening-chinese-ev-push), [mobile.chinadaily.com.cn](https://mobile.chinadaily.com.cn/cn/html5/2026-08/06/content_013_6a739445ed50be540e7357eb.htm), [global.chinadaily.com.cn](http://global.chinadaily.com.cn/a/202608/06/WS6a73c78ba310986e2b4692c0.html), [en.sedaily.com](https://en.sedaily.com/finance/2026/09/23/ev-market-rebounds-but-tesla-and-byd-reap-the-gains), [koreatimes.co.kr](https://www.koreatimes.co.kr/amp/business/companies/20260805/koreas-china-dilemma-deepens-as-chinese-carmakers-expand-strategic-influence))
- Confirmed: From January to September, 112,417 Chinese electric vehicles were registered, compared with 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**

- **Electric vehicle**: A mode of transport whose propulsion is provided exclusively by one or more electric motors, drawing energy from on‑board resources such as a battery or from an external source. ([Wikipédia](https://fr.wikipedia.org/wiki/V%C3%A9hicule_%C3%A9lectrique))
- **Tax credit**: An amount deducted from the tax owed by a company or individual; depending on the tax system, it may be refundable if it exceeds the tax due and used to encourage certain investments or behaviors. ([Wikipédia](https://fr.wikipedia.org/wiki/Cr%C3%A9dit_d%27imp%C3%B4t))
- **Customs duties**: A tax levied on goods at import when they cross the border; by making foreign products more expensive, it aims to discourage their consumption and favor local industries. ([Wikipédia](https://fr.wikipedia.org/wiki/Droit_de_douane))

## Sources by country and language

- South Korea: 48 articles, 31 outlets
- United States: 12 articles, 11 outlets
- China: 6 articles, 5 outlets
- United Kingdom: 2 articles, 2 outlets
- Japan: 1 articles, 1 outlets

**Languages**: Korean (44), English (20), Chinese (4), Japanese (1)

## Timeline (21 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, 15 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.

1 sources, 1 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, 3 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 — [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

---

Cite as: Mecapress, “South Korea: Chinese EVs at 43.5% of market, local brands below 50%”, https://mecapress.com/stories/159-south-korea-chinese-evs-at-43-5-of-market-local-brands-below-50
Methodology: https://mecapress.com/methodology