Hyundai·Kia Motors Enter Global Electric Vehicle Sales Top 5 for the First Time This Year (Jan-Apr)

SNE Research Announces Global Electric Vehicle Sales from January to April
Hyundai Motor Rises from 8th to 5th in EV Segment
Kia Rises from 8th to 5th in PHEV Segment

[Asia Economy Reporter Hwang Yoon-joo] Hyundai Motor and Kia Motors have entered the top 5 for the first time among electric vehicle brands sold worldwide from January to April this year.

According to SNE Research on the 23rd, Hyundai Motor and Kia Motors ranked 5th in the global sales rankings for EVs (electric vehicles) and PHEVs (plug-in hybrid electric vehicles), respectively.

In the EV segment, Tesla recorded 101,000 units sold, achieving the highest market share (26.7%) thanks to increased sales of the Model 3. This was followed by Renault with 25,000 units (6.6%), BYD with 23,000 units (6.0%), Nissan with 21,000 units (5.7%), Hyundai with 18,000 units (4.8%), Volkswagen with 18,000 units (4.7%), BAIC with 12,000 units (4.7%), Audi with 12,000 units (3.3%), GAC Trumpchi with 11,000 units (2.9%), and Kia with 11,000 units (2.9%).

While Tesla maintained its top position, Renault, Volkswagen, and Audi all saw double-digit growth rates, improving their rankings. Among Chinese brands, GAC Trumpchi was the only one to enter the top 10 for the first time, increasing sales by 112.9% compared to the same period last year (January to April 2019).

On the other hand, Nissan dropped from 3rd to 4th place as sales sharply declined in North America, Europe, and Japan, falling 24.3% compared to the same period last year. Chinese brands BYD and BAIC also saw sales decrease by 69.9% and 53.3%, respectively, due to a contraction in their domestic markets, resulting in declines in both rankings and market shares.

Hyundai rose three places from the same period last year to 5th place for the first time ever, as strong sales of the Porter2 Electric electric truck more than offset declines in Ioniq Electric and Kona Electric sales. Kia also entered the top 10 in the EV segment by surpassing 10,000 units sold, driven by increased demand for the Bongo 1T EV electric truck and Soul Booster.

In the PHEV segment, BMW ranked 1st with 33,000 units sold (18.0%). This was followed by Volvo with 20,000 units (10.9%), Mercedes with 14,000 units (7.3%), Mitsubishi with 13,000 units (6.8%), Kia with 9,000 units (5.0%), Volkswagen with 8,000 units (4.3%), Audi with 8,000 units (4.1%), Peugeot with 7,000 units (3.8%), Leading Ideal with 7,000 units (3.6%), and Toyota with 7,000 units (3.5%).

The PHEV segment was dominated by European cars. Except for Japanese brands Mitsubishi and Toyota, all brands increased sales compared to the same period last year. Notably, Volkswagen sales surged by 1,193%, and Leading Ideal, a new Chinese brand, attracted attention by entering the top 10 for the first time.

Kia rose from 8th place last year to 5th place for the first time, achieving a growth rate of 22.2% thanks to strong sales of the Ceed PHEV and Exceed PHEV.

Mitsubishi and Toyota saw declines in both rankings and market shares, attributed to reduced sales of the Outlander PHEV and Prius PHV due to model aging.

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