Data released by the Ministry of Trade, Industry and Energy of South Korea on February 18 showed that South Korea's automobile exports in January this year decreased by 19.6% year-on-year to US$4.99 billion. Due to the Spring Festival holiday, which resulted in four fewer working days year-on-year, and the base effect of the record high automobile exports in January last year, automobile exports in January decreased year-on-year. Automobile exports in January decreased by 17.9% year-on-year to 199,700 vehicles. By brand, Hyundai Motor decreased by 15.3% year-on-year to 85,200 vehicles; Kia decreased by 17.9% to 76,900 vehicles; General Motors Korea (GM) decreased by 29.3% to 30,400 vehicles; KG Mobility increased by 5% to 5,680 vehicles; Renault Korea increased by 438.1% to 1,216 vehicles. New energy vehicle exports decreased by 4.4% year-on-year to 58,100 vehicles. Specifically, electric vehicles decreased by 41.8% to 17,700 vehicles. Hybrid vehicles increased by 35.5% to 35,700 vehicles. Plug-in hybrid vehicles increased by 16.7% to 4,733 units.