Korea recaptures global ‘5th place’ in automobile production in 5 years

[서울=뉴스핌] Reporter Jung Han = Korea recaptured the fifth place in the world by car production in five years. According to Corona 19, India and Mexico caused production disruptions, but it is analyzed that the decline in Korea was relatively small.

According to the Korea Automobile Industry Association’s (KAMA) survey on the’Top 10 Automobile Production Status in 2020′ on the 8th, Korea’s automobile production rose to fifth place last year after five years after giving India the fifth place in 2016.

Central view of container pier in Pyeongtaek Port[사진=평택항만공사]

KAMA’s analysis is that the recapture of fifth place is the result of production disruptions in India and Mexico. It also 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 had an impact.

China, the United States, Japan, Germany, Korea, India, Mexico, Spain, Brazil, and Russia, the world’s top 10 producers, all saw a decline in production. 1st place China fell 2.0%, 2nd place US 19.0%, 3rd place Japan 16.7%, 4th place Germany 24.7%, but there was no change in ranking.

On the other hand, India, which was the fifth place, and Mexico, which was the sixth place, saw their production decline 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. France, which was ranked 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 difficulties, but considering changes in conditions such as China’s advancement, it is necessary to further strengthen innovation efforts such as smartization, luxury, and electrification.” “We must 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 a team.

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