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
Buick GL8 Flagship “Zhiying Shijia” Spied: 5.26 m Long, Lidar Equipped, BEV & PHEV
Buick’s upcoming GL8 flagship, the Zhiying Shijia, has been spotted. Riding on the new Xiaoyao architecture, the 5.26 m-long, 2.02 m-wide MPV offers both BEV and PHEV options. Design highlights include a closed lower grille, split vertical headlights, full-width 257-LED tail-lamp and roof-mounted lidar for advanced driver-assistance systems.
All-New GAC Toyota Wildlander to Launch November 20 with Comprehensive Redesign
GAC Toyota's all-new Wildlander, a full model change, launches November 20. Featuring Toyota's latest design language with C-shaped headlamps and full-width LED DRLs, it measures 4600/1855/1680mm with a 2690mm wheelbase. Powertrain options include a 2.0L gasoline variant (126kW), 2.0L hybrid (112kW), and 2.5L hybrid (136kW), with a plug-in hybrid version anticipated.
Genesis GV60 Magma Production Model Debuts Nov 20 with 650-HP Powertrain
The Genesis GV60 Magma production model is scheduled for global debut on November 20, likely featuring the same dual-motor all-wheel-drive system as the IONIQ 5 N with a combined output of 650 hp, enabling 3.4-second 0-100 km/h acceleration. Marking the brand's 10th anniversary and a milestone for its Magma high-performance sub-brand, the vehicle retains the concept's aggressive aerodynamic design, split-type headlights, large intakes, 21-inch titanium wheels, orange brake calipers, and a large rear spoiler for downforce.
4
JAC Group Officially Launches Its First Pure Electric E30X Model in the UAE
On July 2, 2024, JAC Group officially launched its first DI platform pure electric model, the E30X, at the La Perle Theater in Dubai, marking a significant step in promoting green and sustainable transportation solutions in collaboration with local partners. The E30X offers a revolutionary smart and eco-friendly driving experience with zero emissions and modern design, targeting environmentally conscious consumers. JAC Group plans to introduce more new energy vehicles in the UAE to enhance intelligent, safe, and high-quality travel experiences.
5
Sixth-Gen Toyota RAV4 Premieres at Guangzhou Auto Show with Three Powertrain Options
The sixth-generation Toyota RAV4 will debut at the Guangzhou Auto Show, offering three powertrain options: 2.0L NA, 2.0L hybrid, and 2.5L hybrid. Featuring a new design language with C-shaped LED headlights, semi-closed grille, and large air intakes, the SUV measures 4620/1855/1680mm with a 2690mm wheelbase. The 2.5L hybrid variant includes E-Four electric all-wheel drive, while 2.0L models are available in FWD or AWD configurations.
6
Haval H6L to Launch Nov 18 as Mid-size SUV with Stretched Dimensions
The Haval H6L will launch on November 18 as a mid-size SUV. Featuring the design language of the Xiaolong MAX, it's powered by GWM's latest 2.0T engine mated to a 9DCT transmission. Dimensions stretch to 4800×1895×1730mm with a 2810mm wheelbase—97mm longer and 72mm longer wheelbase than the current H6—making it the largest H6 variant ever.
Copyright © RUNTO TECH LIMITED. All rights reserved.