With 8,705 units sold in July, the Tesla Model Y surpassed the Hyundai Grandeur to lead the entire passenger car market in South Korea.

Despite a 4.6% decrease in vehicle deliveries, the Italian supercar manufacturer's revenue for the first six months of the year still rose by 7.4%, reaching 1.74 billion euro.

Despite a slight decline in global sales due to cooling markets in China and the Middle East, Toyota still significantly outpaced rival Volkswagen.

China's car sales are projected to experience their steepest decline since 2021 this year, primarily due to fuel price impacts on gasoline-powered vehicles.