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
M-Hero to Launch 4 New SUVs in 2 Years, Debut at 2026 Beijing Auto Show
On April 20, M-Hero officially announced it will launch four all-new SUV models within two years, with one to debut at the 2026 Beijing Auto Show on April 24. Adopting the Heroic Aesthetics 2.0 design language, some models feature the cross-shaped taillight to enhance brand identity. The brand currently offers M817, M917 and M800.
Huawei Qiankun Technology Conference Scheduled for April 23rd, Four-Car Preview and Mengshi Spring Launch Conference Exposed
Recently, Huawei Qiankun announced that its technology conference will be held on April 23rd, while Mengshi Automobile is scheduled to hold a spring renewal launch conference on April 20th. Huawei Qiankun also released a preview video of four cars, including a sports car, two SUVs and one MPV, among which the sports car is suspected to be a concept car and the third is Mengshi M817, with no more details disclosed officially.
New Tank 700 Hi4-T/Hi4-Z Scheduled for Launch on April 20th with Pre-sale Price Starting from 438,000 Yuan
It is learned recently that the new Tank 700 Hi4-T/Hi4-Z models will be launched on April 20th. The pre-sale price of the Hi4-T version is 518,000 yuan, and the two Hi4-Z models are priced at 438,000 yuan and 478,000 yuan respectively. As a facelifted model, it has fully upgraded its exterior, interior and power system, adopted the Kirin design language, equipped with lidar and other configurations, positioned as a mid-to-large hard-core SUV with greatly improved product strength.
4
Spy Photos of SAIC Volkswagen ID.ERA Sedan Exposed, Expected to be an Extended-Range Model
Recently, spy photos of the SAIC Volkswagen ID.ERA sedan were officially exposed. The car is covered with a camouflage wrap, equipped with a fuel filler, charging port and exhaust device, and is expected to be an extended-range model like the ID.ERA 9X. It adopts a sporty coupe design with split-type headlights and semi-hidden door handles, and has a long wheelbase, which is expected to be positioned as a mid-to-large sedan.
5
Geely Xingyue L i-HEV & Xingrui i-HEV Intelligent Hybrid Scheduled for Pre-sale on April 19th
Geely Xingyue L i-HEV Intelligent Hybrid and Xingrui i-HEV Intelligent Hybrid will start pre-sales on April 19th, both equipped with Geely's i-HEV intelligent hybrid system, positioned as a compact SUV and a compact gasoline-electric hybrid model respectively. The new cars inherit the existing oriental aesthetic design, come with exclusive exterior and interior colors, the Xingyue L i-HEV adds exclusive low-drag wheels, with rich interior configurations and advantages in energy conservation and performance.
6
2026 ONVO L90 Official Images Released, Equipped with Lidar and to Be Launched on April 21st
Recently, the official images of the 2026 ONVO L90 were officially released, and the new car is scheduled to be launched on April 21st. It adds two new two-tone body colors: purple-gold and silver-purple, and is equipped with a roof-mounted lidar, intelligent ADAS blue lights on exterior rearview mirrors, and new 21-inch multi-spoke Xuanhui wheels. The cost of the lidar-equipped model is expected to increase by about 10,000 yuan, and the price by about 15,000 yuan; the current model is priced at 265,800-299,800 yuan, with the battery rental plan ranging from 179,800 to 213,800 yuan.
Copyright © RUNTO TECH LIMITED. All rights reserved.