In May, South Korea's automobile exports fell by 5.9%, while new energy vehicles achieved counter-trend growth.

(1) In May, South Korea's automobile export value was $5.83 billion, a year-on-year decrease of 5.9%; export volume was 230,072 units, a year-on-year decrease of 6.6%. Domestic sales (127,315 units) and production (329,559 units) decreased by 10.3% and 8.2% year-on-year, respectively. (2) The growth momentum of new energy vehicles production and sales remains strong, with export value in May reaching $2.4 billion, up 9.9% year-on-year, accounting for over 40% of total automobile exports; export volume was 83,145 units, up 11.2% year-on-year. (3) New energy vehicle domestic sales were 77,179 units, an increase of 5.5% year-on-year, forming a sharp contrast with the declining trend of traditional automobiles.