5 years after ranking 5th in India in 2016
“Results from production disruptions such as India”
GM Korea Bupyeong Plant Production Line/ Photo = Yonhap News
Last year, Korea recaptured the fifth place in the world by car production in five years. This is the result of production disruptions in India and Mexico amid the spread of the novel coronavirus infection (Corona 19).
According to the Korea Automobile Industry Association’s (KAMA) survey on the 8th, the’Top 10 Automobile Production Status in 2020′, Korea’s automobile production rose from 7th to 5th in 2019. It was ranked 5th again after 5 years of ranking 5th in India in 2016.
KAMA’s analysis is that the recapture of fifth place is the result of production disruptions in India and Mexico. In addition, KAMA explained that the labor-management cooperation of automakers and changes in the structure of the automobile industry focusing on high value-added vehicles such as sports utility vehicles (SUVs), luxury vehicles, and electric power vehicles have also affected.
The top 10 automobile producers were counted in the order of China, the United States, Japan, Germany, Korea, India, Mexico, Spain, Brazil, and Russia. Last year, global automobile production decreased by 15.5%, and production in all 10 countries also decreased.
China, the No. 1, fell 2%, the United States, the second place, fell 19%, Japan, the third place, 16.7%, and Germany, the fourth place, 24.7%. Compared to 2019, there was no change in ranking among these countries.
On the other hand, India, which was the 5th place, and Mexico, which was the 6th place, decreased their production by 24.9% and 21.2%, respectively, and the rankings fell by one step. Spain and Brazil fell 19.6% and 31.6%, respectively, to 8th and 9th.
Russia entered the top 10 for the first time since 2000. Thailand and Canada ranked 11th and 12th respectively, and France, which was 10th in 2019, was pushed to 13th.
KAMA Chairman Chung Man-ki said, “It is a big achievement that Korea regained the 5th place in the ranking of producers amidst the difficulties, but considering changes in conditions such as China’s advancement, it is necessary to further strengthen innovation efforts such as smartization, high-end and electrification.” “We should continue to expand policies to support competitiveness such as drastic regulatory reform and R&D, and accumulate experience in cooperation based on the recognition that shareholders, management, and workers are one team.”
Shin Hyun-ah, reporter at Hankyung.com [email protected]
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