Hyundai Motor and Kia Achieve $6.2 Billion October Auto Exports Backed by Hybrid Vehicle Demand
South Korean automobile exports rose 5.5% YoY to $6.2 billion in October 2026, marking the highest October export value on record as hybrid electric vehicle (HEV) shipments surged.
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According to official automotive industry statistics released by MOTIE, South Korea exported $6.2 billion worth of complete vehicles in October 2026 (+5.5% YoY), alongside $1.9 billion in auto parts (+5.9% YoY).
Hyundai Motor (KRX: 005380) and Kia Corporation (KRX: 000270) offset slower global pure-EV growth by expanding flexible hybrid powertrain assembly across Ulsan, Asan, Hwaseong, and Gwangmyeong plants.
Tier-1 and Tier-2 automotive component suppliers in Gyeongnam, Ulsan, and Chungnam maintained steady factory shift operations, supporting regional manufacturing employment.
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Based on Korea Customs Service export clearance records and MOTIE Monthly Automotive Industry Report.