Business Trading

Sales of Eco-Friendly Cars in S. Korea Exceed 100,000 in Q1

Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed Sunday.

A total of 101,727 environmentally friendly cars made by five South Korean carmakers, including Hyundai Motor Co. and Kia Corp., were sold during the January-March period, up 8.7 percent from a year earlier, according to the data.

Out of this total, 85,828 units, or 84.4 percent, were hybrid cars, soaring 42.4 percent from the same period last year, (Yonhap) news agency reported.

Sales of electric vehicles, meanwhile, plunged 51.4 percent on-year to 15,237 units in the first quarter.

Source: Qatar News Agency