Hyundai Kia Motors Ranks 4th in Global Electric Vehicle Market from January to September with 7.2% Share

Sales Surge 40.7% Compared to Same Period Last Year

[Asia Economy Reporter Kim Ji-hee] Hyundai Kia Motors ranked 4th in the global electric vehicle market, following Tesla and the Volkswagen Group.

According to SNE Research on the 23rd, Hyundai Kia recorded 130,000 units sold in the ranking of electric vehicles (pure electric vehicles and plug-in hybrid vehicles) sold in 77 countries worldwide from January to September this year, securing 4th place. Compared to the same period last year, sales jumped 40.7%, and the market share reached 7.2%.

The popularity of key models such as the Kia Niro EV and Hyundai Kona EV drove the sales performance. Additionally, strong sales of the Kia Ceed PHEV and Hyundai Porter2 Electric electric truck contributed to a rise of three ranks compared to the same period last year.

An official from SNE Research said, "Hyundai Kia Motors is gaining more momentum in sales growth as the European market performs well and the US and Chinese markets have been recovering steadily since the third quarter." He added, "Although the European market, which entered lockdown due to the resurgence of COVID-19 from the end of October, poses a variable, the recovery in China and the US is accelerating, so the global market recovery is expected to continue overall. Accordingly, Hyundai Kia Motors' position in the electric vehicle market will be further strengthened."

Tesla, which took first place, sold 316,000 units from January to September, with over 80,000 additional sales of the China-made Model 3 this year. This is a 19.6% increase compared to the same period last year. Tesla's overall electric vehicle market share recorded 17.5%. The Volkswagen Group saw nearly a threefold increase in total sales compared to the previous year, driven by a surge in sales of the Audi E-tron EV, Volkswagen Passat GTE, and e-Up!. Accordingly, its ranking rose six places to 2nd place compared to last year.

The Daimler Group also jumped from 16th place last year to 8th this year, thanks to strong sales of the Mercedes-Benz A-Class PHEV, GLC-Class PHEV, and EQC. The PSA Group, which rose from 29th place to the top 10 during the same period, also stands out. Total sales increased more than 15 times due to the popularity of the Peugeot e-208, 3008 PHEV, and Opel Corsa. The GM Group secured 6th place, rising three ranks, as sales of mainly China-made models such as the Hongguang Mini EV surged.

Renault-Nissan-Mitsubishi saw a 4.6% decrease in total sales despite strong sales of the Renault ZOE, due to a decline in sales of existing key models such as the Nissan Leaf and Mitsubishi Outlander PHEV. Market share also dropped from 9.5% to 8.2%, but the group maintained its 3rd place ranking. The BMW Group, despite a slight increase in sales, fell one rank to 5th place, overtaken by Hyundai Kia Motors.

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