Hyundai Motor Group Ranks in Global Electric Vehicle Market 'Top 10' for 2 Consecutive Years

EV Sales Report Ranks 8th for 2 Consecutive Years
From 90,860 Units in 2018 to 126,436 Units Last Year

[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Group maintained its position in the top 10 global electric vehicle sales for the second consecutive year last year. In particular, it significantly narrowed the gap with the leading companies, enhancing its presence in the market.

According to EV Sales, an electric vehicle market research firm, on the 8th, Hyundai Kia sold 126,436 electric vehicles (plug-in hybrid vehicles + pure electric vehicles) worldwide in 2019. Hyundai sold 72,959 units, and Kia sold 53,477 units, bringing the total sales volume to nearly a 50% increase compared to the previous year (90,860 units). In the rankings, they maintained the 8th place, the same as in 2018.

Electric vehicle models based on Hyundai and Kia's compact sport utility vehicles (SUVs) played a key role. The Hyundai Kona EV sold 44,386 units in domestic and international markets last year. This accounted for one-third of Hyundai Kia's total electric vehicle sales. The Kona EV ranked 9th in model-specific sales volume, competing with strong vehicles such as the Renault Zoe, BMW i3, and Tesla Model X.

Hyundai Kia's electric vehicle sales surpassed 100,000 units for the first time in seven years since they began seriously introducing electric vehicles to the market in 2012.

Meanwhile, Tesla ranked first in global electric vehicle sales last year, selling 367,849 units. Second place was China's BYD with 225,757 units, and third place was Renault-Nissan with 183,299 units. Following them were BAIC (163,838 units), BMW (145,815 units), Volkswagen Group (140,604 units), and SAIC (137,666 units).

In particular, Hyundai Motor Group has narrowed the gap with Renault-Nissan, which sold over 100,000 units in 2018 and ranked third, to about half this year, closely chasing the global electric vehicle market leaders.

This content was produced with the assistance of AI translation services.