Tesla Model 3 new ruler in Korea
The South Korean plugin market reached a new record in March, with 5.641 units, with the last three months doubling the YoY numbers, to 8.765 units, with the PEV share reaching a record 3,3% last month, pulling the YTD count to 2,3%.
This record performance is monthly due to the Tesla Model 3, that stole the Hyundai Kona EV thunder, being the new Best Selling EV, with an amazing 45% share, hitting 2.415 deliveries in March a new all time best for a foreign model, with the Californian being the first overseas model to lead this ranking.
Despite being removed from the throne, the Korean crossover can't really complain of its March performance, as it registered 1.639 units, its best result since July, with the Czech Hyundai factory now making units for Europe, Hyundai should have more space to allocate volume to its domestic market, so expect the Kona EV numbers to increase as the year progresses.
But the Tesla sports sedan is not the only foreigner to shine, the BMW 530e jumped to #5 last month, thanks to a record 210 units.
A final mention to the Hyundai Nexo Fuel Cell model, a model that is seeing its registrations jump four-fold this year, to 1.230 units, with last month score of 730 units being a new record, making it a success story in Korea, a unique event for a FCEV, allowing the technology to have 0,32% share of the total market, a world best for Fuel Cells.