Hyundai Motor Group sold 100,000 cumulative electric cars in the US… “Goal of 130,000 units this year alone”

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Chung Eui-sun, chairman of Hyundai Motor Group, gives a commemorative speech at the groundbreaking ceremony for Hyundai Motor Group’s Metaplant America held in Bryan County, Georgia, the United States on the 25th (local time). Provided by Hyundai Motor Company

The cumulative sales volume exceeded 100,000 units in eight years since Hyundai Motor Group sold electric vehicles (EVs) in the US market.

According to the industry on the 13th, the three brands of the Hyundai Motor Group (Hyundai, Genesis, and Kia) recorded cumulative sales of 104,326 units from the start of sales of electric vehicles in the United States in October 2014 until January of this year.

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By brand, Kia started selling in 2014 and has sold 51,266 units so far, the highest. Hyundai Motor Company has sold 51,096 units since 2017, and luxury brand Genesis, which sold for the first time last year, sold 1964 units.

By vehicle type, the Hyundai Ioniq 5 sold the most with 24,683 units. It was followed by 23,380 Kia Niro EVs, 21,608 Kia EV6s, and 20,560 Hyundai Kona EVs. In addition, the Genesis GV60 and GV80 EV sold 1719 units and 245 units, respectively.

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Hyundai Motor Group first entered the US electric vehicle market in 2014 with the Kia Soul EV. In 2017, Hyundai Ioniq EV was released, but annual sales were only around 2,000 units until 2018.

However, with the launch of compact sports utility vehicles (SUVs) such as Hyundai Kona EV and Kia Niro EV in 2021, sales in the same year exceeded 10,000 units for the first time after entering the US electric vehicle market.

Last year, Hyundai Ioniq 5 (22,982 units) and Kia EV6 (20,498 units) sold more than 20,000 units each, with annual sales soaring to 58,028 units. As of January this year, 4387 units were sold, mainly for Ioniq 5 (1548 units) and EV6 (1110 units).

When Hyundai Motor Group announced its annual business results in January, it announced its goal of selling 73,000 electric vehicles in the US market this year. Kia has set a target of 58,000 units. The combined target of the two companies is 131,000 units, far more than twice the sales volume of last year.

Hyundai Motor Group plans to achieve this year’s goal by introducing new vehicles such as Hyundai Ioniq 6, Kia EV9, and Genesis GV70 electrified models.

Source: Donga

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