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
Hongqi Tiangong 08 620 AWD Ultra Launched – 237,900 Yuan, 407kW Dual Motor
On October 29, Hongqi officially launched the Tiangong 08 620 AWD Ultra, a mid-to-large SUV priced at 237,900 yuan with a limited-time benefit price of 219,900 yuan. The exterior retains the existing design with a closed-off illuminated Hongqi badge for the new energy range and distinctive L-shaped split LED headlights, while the rear features a full-width light bar and aerodynamic spoiler package. Dimensions are 4,925×1,950×1,680mm with 3,000mm wheelbase. The cabin gets dual 15.6-inch integrated screens and Hongqi's Sinan driver assist system with highway NOA, urban NOA and full-scenario parking assist. Built on an 800V platform with dual motors producing 407kW and 770Nm, the vehicle also comes with air suspension, continuously variable damping and the Intelligent Magic Carpet for improved ride comfort.
Aston Martin Unveils Valhalla Spider, 1079HP Open-Top Hypercar to Deliver in Q3 2027
Aston Martin officially released the official images of Valhalla Spider, which will make its global debut at the 2026 Las Vegas Concours this weekend, with deliveries starting in Q3 2027. Equipped with a removable fabric soft top as standard, it is powered by a 4.0T twin-turbo V8 + 3-motor PHEV system, delivering a combined max output of 1079hp, generating over 600kg of downforce with the roof closed.
Jetour Freedom 7 to Launch on November 4, Urban-Oriented Hardcore SUV with 1.5T+7DCT Powertrain
Officially announced, the Jetour Freedom 7 will launch on November 4. Positioned as an urban-oriented hardcore SUV with a 2800mm wheelbase, it is powered by 1.5TGDI + 7DCT powertrain, standard with Snapdragon 8155 chip and DeepSeek + iFlytek Spark AI LLM, delivering 185mm minimum ground clearance and 600mm wading depth, forming a differentiated product matrix with the off-road focused Freedom 7 PLUS.
4
FAW Bestune Pony 5-Door 4-Seater Launches, Starting from 39,900 Yuan with CATL Fast-Charging Battery
On October 28, FAW Bestune officially launched the Pony 5-door 4-seater micro EV with 4 trims, priced from 44,900 to 54,900 yuan, and post-benefit price starting at 39,900 yuan. With a 2215mm wheelbase, it is equipped with CATL LFP battery, offering 222km/328km CLTC range options, all supporting 30-minute fast charging, solving the entry/exit inconvenience issue of traditional 2-door micro EVs.
5
New BMW X5 M Spy Shots Exposed, to Enter Production in 2028 with ICE and EV Variants
The official test spy shots of the new BMW X5 M have been revealed, with production scheduled to start in 2028, offering both ICE and all-electric variants. The ICE version is powered by a 4.4T V8 + 48V mild-hybrid system with 460kW max output, while the EV variant adopts a four-motor layout delivering 671kW combined peak power, fitted with aggressive aero kit and 6-piston high-performance brake system.
6
China Unveils Top 10 Automotive Technology Trends 2027, Including 400Wh/kg Solid-State Battery
On October 28, at the opening ceremony of SAECCE 2026, the Society of Automotive Engineers of China officially released the "Top 10 Automotive Technology Trends 2027", covering 10 core technologies including 400Wh/kg solid-state batteries and high-level autonomous truck platooning, serving as an authoritative industry R&D reference.
Copyright © RUNTO TECH LIMITED. All rights reserved.