On the other hand, from other Asian regions and countries, the development of domestic automobile industry is one of the leading groups in Asia. At present, in the automobile industry system of countries in the Asia-Pacific region, Japan is the first, followed by South Korea, but South Korea's automobile industry started later than China.
South Korea just ended the Korean War in the mid-1950s, and its domestic economy is also in recovery. It is also necessary to establish an industrial production system, and the demand for automobiles as the main transportation machinery is more urgent. In the early 1960s, South Korea's automobile industry started by assembling imported parts to produce complete vehicles, and completed the capital accumulation from scratch, laying the foundation for the development of South Korea's automobile industry.
After half a century's development, domestic cars have been unable to go abroad, while South Korea's automobile industry, which is more developed than China, is poorer in resources and weaker in demand than the domestic market, has become a world-famous automobile industry power.
Although the global sales of Korean cars have declined a little, in the past 20 18 years, Hyundai-Kia Group, two major Korean automobile brands, sold a total of 7.5 million vehicles, second only to Big Brother GM's 8.78 million vehicles, ranking fifth in the world. With such excellent sales data of Korean car companies, compared with domestic independent brands, there is no resistance in the offensive against Hyundai Group. Take Geely, the first independent brand in China, as an example. After the automobile industry suddenly entered the cold winter last year, only 654.38+0.5 million vehicles were sold in the whole year. Even counting a small amount of exports, Geely's global sales are still only about 1.5 of Hyundai-Kia.