KG Mobility Sold 9,583 Units Domestically and Internationally Last Month, Down 15% YoY
KG Mobility announced on the 4th that it sold 9,583 units domestically and internationally last month. This is a 14.9% decrease compared to the same period last year.
Last month, 4,069 units were sold domestically, a 47.0% decrease compared to the same period last year. Exports reached 5,514 units, a 51.2% increase during the same period. The company explained, "Although exports increased, domestic sales declined due to reduced operating days caused by the Chuseok holiday and weakened consumer sentiment."
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On a cumulative basis for this year, 96,399 units (including semi-knocked-down products) were sold, representing an approximately 19.8% increase compared to the same period last year. Increased export volumes to Spain, Italy, Hungary, and other countries appear to be driving overall performance. The company stated, "We will increase sales volume by aggressively responding to the domestic market and strengthening global market penetration through expanded new product launches."
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