Hyundai Motor Group and Renault Korea are expanding their hybrid SUV offerings in South Korea, responding to changing consumer demand and slowing EV sales.

Hyundai launched the all-new Palisade, its first major update in six years, with a hybrid option that made up over 70% of launch orders in January.

The Palisade Hybrid, priced between 49.7 million and 63.3 million won (US$35.4 million–$45.1 million), offers a fuel efficiency of 14.1 km/l and a maximum output of 334 horsepower.

From January to August, Palisade sales reached 42,268 units.

Renault Korea’s Grand Koleos Hybrid, launched in September 2024, accounted for 80.82% of Renault’s 35,933 domestic sales as of August.

The Grand Koleos Hybrid features a dual-motor system and fuel efficiency of up to 15.8 km/l, with prices from 37.8 million to 43.5 million won.

KGM’s Musso EV, South Korea’s first electric pickup, sold over 6,000 units by mid-September and is priced from 48 million won before tax incentives.

General Motors Korea has postponed its Equinox EV launch, with no new models released this year.

🔗 Source: The Korea Herald