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 Signs MoU with Quill Group to Enter Malaysia Market Officially
Hongqi, a luxury brand of FAW Group, has signed an MoU with Quill Group, which has obtained the exclusive rights as the official importer and CKD distributor for Hongqi’s entry into Malaysia. Hongqi plans to launch officially in Malaysia in the middle of this year, with its L5 model for VVIPs only, and is advancing the global layout of new energy SUVs.
2027 Exeed ES Officially Launched: BEV+EREV Dual Powertrains, Prices from 169,900 Yuan
On July 20, the 2027 Exeed ES officially launched, offering one pure electric and two range-extender variants with prices from 169,900 to 199,900 yuan. Positioned as a track-level performance mid-to-large smart coupe, the new model is built on Exeed's upgraded all-domain new energy platform and comes standard with high-end Falcon intelligent driving assistance and Pánshí 2.0 all-domain safety system. The exterior adopts the "Phoenix Feather Butterfly Face" design language, retaining a sleek fastback coupe silhouette with standard sport rear bumper and optional Shadow Sport package (ISD Wind Whisper interactive headlights and wind-control electric spoiler), earning the German iF, American MUSE, and Italian A'Design awards. Body dimensions measure 4,945×1,978×1,480mm with a 3,000mm wheelbase; the 1.48m height delivers a 0.22Cd ultra-low drag coefficient. The signature connected Star Ring LED light band pairs with the ISD Wind Whisper interactive lamp cluster featuring 1,200 individual LED beads supporting customizable welcome, farewell, turn signal, and parking light patterns.
Geely Galaxy Battleship 700 to Debut July 24 as Mid-to-Large PHEV SUV with Tri-Motor AWD
Geely Galaxy will debut the Battleship 700 on July 24, a new mid-to-large SUV featuring a rugged, boxy design language. The exterior includes a narrow-slat grille with square-outside-round-inside headlamps, hood vents with sculpted lines, orange bumper accents, and a front tow hook. A roof-mounted lookout LiDAR signals advanced intelligent driving capabilities. Power comes from a plug-in hybrid system with either a 2.0L or 1.5L turbocharged engine paired with a tri-motor all-wheel-drive system, expanding Geely Galaxy's premium new energy SUV portfolio.
4
iCaur V23 Switches to CKD Assembly in Malaysia, iWD Variant Priced at RM 132,780 with 430 km NEDC Range
iCaur Malaysia has announced the iCaur V23 electric SUV has switched to locally assembled (CKD) production, currently offering a single iWD all-wheel-drive variant priced at RM 132,780—nearly unchanged from the previous CBU version (RM 132,800). The dual-motor AWD system produces 211 PS and 292 Nm, achieving 0-100 km/h in 7.5 seconds with a 140 km/h top speed. An 81.76 kWh battery delivers 430 km NEDC range (approximately 360 km WLTP). Charging capabilities include 104 kW DC fast charging (20-80% in ~42 minutes), 6.6 kW AC charging, and 3.3 kW V2L reverse power supply. Measuring 4,220/1,915/1,845 mm with a 2,735 mm wheelbase, the V23 features MacPherson front and multi-link rear suspension, plus a rear square storage compartment. Equipment includes full LED lighting, 21-inch wheels, a 15.4-inch touchscreen with wireless Apple CarPlay and Android Auto, single-zone automatic climate control, NFC key card, ventilated leather seats, and a 360-degree surround-view camera system.
5
Denza Z9S Production Vehicle Debuts as Compact Electric Sports Sedan with Single and Tri-Motor Options
The Denza Z9S production vehicle has officially debuted as a more compact electric sports sedan compared to the Z9, featuring all-new exterior and interior design with enhanced power and range capabilities. The exterior adopts a roof-mounted LiDAR and a new split headlamp design with dual-slat LED upper lighting and vertically arranged headlamps integrated into the front bumper, complemented by a full-width fascia panel and dual-section front lip for heightened sportiness. Powertrain options include single-motor and tri-motor variants, further expanding Denza's portfolio in the premium electric sports sedan segment.
6
Denza Z9S Official Images Unveiled in Asia-Pacific as Compact Electric Sedan in Dawn Purple
Following the Z9GT's Asia-Pacific debut, Denza has unveiled the Z9S electric sedan. Measuring 5,090/1,980/1,490 mm with a 3,025 mm wheelbase—145 mm shorter and with a 100 mm reduced wheelbase versus the Z9GT—the model adopts a more compact positioning. The exterior features the Dawn Purple exclusive color, retaining the Z9GT's "fang" bumper design while introducing a new dual-layer headlamp configuration with main lamps repositioned to the bumper and dual-slat LED DRLs above. The fastback silhouette and near full-width taillights enhance sportiness. Notably, the Z9S switches to concave door handles to comply with upcoming Chinese regulations, with independently mounted side mirrors. A roof-mounted LiDAR and multiple cameras support advanced intelligent driving capabilities.
Copyright © RUNTO TECH LIMITED. All rights reserved.