Hyundai Motor's Global Sales Dip 3.7% in March 2024, EV Sales Show Strong Momentum

2024/04/01
Production & Sales, Market Data
Hyundai
Malaysia
Korea
In March 2024, Hyundai Motor Company reported a 3.7% year-over-year decrease in global sales, totaling 369,132 units. Solid sales momentum was observed in North America, Europe, and India, although sales outside of South Korea experienced a slight dip of 0.7%, reaching 306,628 units for the month. Domestic sales in South Korea amounted to 62,504 units in February, marking a 16.1% decrease compared to the same period last year. Hyundai's SUV models collectively sold 21,979 units in the domestic market, while the Genesis luxury brand maintained strong sales with 11,839 units sold. Over 19,000 units of Hyundai's EV models were sold worldwide in March, demonstrating the company's solidifying role as a leader in electrification. In response to business uncertainties, Hyundai plans to fortify its production and sales systems to better meet demand and adapt to shifts in regional markets. The company also aims to enhance its electrification leadership by launching competitive new models and expanding its EV lineup. In late March, Hyundai's EV leadership was recognized when the IONIQ 5 N high-performance EV won the 2024 World Performance Car at the World Car Awards in New York, building on the momentum from the IONIQ 5 and IONIQ 6, which achieved consecutive triple victories in 2022 and 2023 in various World Car categories.
Click original text link for more information
HYUNDAI
Hot News
2027 Ford Explorer to Launch on July 6: Exterior and Interior Details Refined, Navigation Switched to Amap
The 2027 Ford Explorer is scheduled to launch on July 6 as a model-year refresh, with optimizations focused on exterior details and interior configurations while powertrain remains unchanged. For reference, the current Changan Ford Explorer is priced from 309,800 to 399,800 yuan. Exterior updates include a redesigned front bumper and headlamp clusters, a new borderless grille with horizontal chrome-accented elements integrated with the side lamps, and an anticipated star-ring full-width light strip enhancing frontal cohesion and technological presence. Dimensions measure 5,064/2,004/1,790 mm with a 3,025 mm wheelbase, maintaining mid-large SUV positioning. Interior refinements replace the center console storage box with a 50W wireless fast charging pad and eliminate the cup holder cover for improved convenience. The infotainment system switches from Baidu to Amap navigation, though the Qualcomm 8155 chip remains unchanged.
Updated Tank 300 Real Vehicle Images Revealed: Pre-Sale Opens July 6 with Extended Dimensions and Four Powertrain Options
Real vehicle images of the updated Tank 300 have surfaced on Chinese social media, with pre-sale scheduled to open on July 6. The exterior retains the current design language while updating details: the front logo switches to "TANK" English lettering, and the grille and bumper designs are refined to reinforce hardcore off-road character. Dimensions are significantly expanded, with the long-wheelbase variant measuring 4,886/1,984/1,927 mm and a 3,010 mm wheelbase. Powertrain options include 2.0T ICE, 3.0T ICE, Hi4-T, and Hi4-Z, covering both traditional fuel and new energy technologies. This refresh signals Tank's continued commitment to the hardcore off-road SUV segment, addressing diverse user demands through larger dimensions and multi-powertrain strategy while consolidating its leading position in the 200,000-yuan off-road market.
All-New BMW X5/iX5 Technical Deep Dive: Brand's First Five-Powertrain Model, Sixth-Generation eDrive Technology Debuts
The all-new BMW X5 has entered the final sprint of its development program, becoming the first model in BMW history to launch with five distinct powertrain options. The pure electric iX5 and ICE X5 variants debuted first. The iX5's core highlight is the sixth-generation Gen6 eDrive technology, BMW's new integrated electric drive system combining motor, control unit, and reducer in a highly compact architecture for enhanced power delivery and energy management. Despite differing powertrains, the X5 and iX5 share convergence in cockpit technology and intelligent features. This launch marks BMW's comprehensive multi-powertrain strategy in the flagship SUV segment, with pure electric technology as the core driver while covering ICE, PHEV, EREV, and hydrogen pathways to address diverse global market and user demands.
4
July New Car Preview: BYD Seal 08 Leads the Charge as Second-Half Auto Market Heats Up
Following the intense new vehicle launch wave during the first-half Beijing Auto Show, the pace moderated in May-June, with July set to reignite the second-half market momentum. The BYD Seal 08 leads the charge, launching on July 2 as the Ocean Network's flagship mid-large sedan, offering both PHEV and BEV powertrains. Blind orders have opened, with the 785 km AWD flagship variant's pre-deduction price at approximately 250,000 yuan. The exterior adopts Ocean Aesthetics 2.0 with a "Riding the Wind and Breaking Waves" front fascia featuring split headlamps and highly distinctive "Ice Eye" DRLs. Dimensions measure 5,150/1,999/1,505 mm with a 3,030 mm wheelbase, equipped with electric suction doors. The rear features tidal gradient taillights with wave-like patterns and a coupe fastback silhouette. The Seal 08's launch will fire the opening salvo of the second-half new energy market, further enriching BYD's product matrix in the 200,000–300,000 yuan sedan segment.
5
Jeep Reveals European Product Plan: Two New Compact SUVs and Dongfeng-Collaborated Mid-Size SUV on STLA Multi-Energy Platform
Jeep has announced its European product plan, revealing three upcoming models: two new compact SUVs and a mid-size SUV developed in collaboration with Dongfeng, though no detailed timeline has been disclosed. The two compact SUVs will be positioned near the Avenger (4.1 meters in length), with new models expected at approximately 4.2 meters. Jeep is unconcerned about segment overlap, as the two will differentiate in exterior design and market positioning. Official names remain unconfirmed, but reviving the "Renegade" nameplate—discontinued in late 2025—is one possibility. Both models will be built on Stellantis' new STLA platform architecture, designed for multi-energy applications supporting ICE, full hybrid, and BEV powertrains, including a potential new hybrid system centered on a 1.2T turbocharged engine. The third model, a Dongfeng-collaborated mid-size SUV, signals Jeep's deepened joint venture cooperation in China and further enrichment of its European product portfolio.
6
Toyota Thailand Advances Sustainability: Focusing on Carbon Neutrality, Circular Economy, and Nature Positive
Toyota is advancing sustainability through three interconnected pillars: Carbon Neutrality, Circular Economy, and Nature Positive. In alignment with the global ambition to reduce lifecycle GHG emissions by 30% by 2030 and promote responsible resource management, Toyota Motor Thailand (TMT) continues to implement initiatives across its operations and value chain. A key element of Toyota's Circular Economy approach is extending material value across the vehicle lifecycle through resource circulation, material reutilization, and more effective end-of-life recovery. As a practical example, TMT has successfully applied post-consumer recycled (PCR) resin in its automotive production, supporting the group's responsible resource management goals.
Copyright © RUNTO TECH LIMITED. All rights reserved.