Electric Vehicles Gain Momentum... Hyundai Motor and Kia Export Over 200,000 Eco-Friendly Cars
[Asia Economy Reporter Changhwan Lee] The export of eco-friendly vehicles by Hyundai Motor Company and Kia has steadily increased, with over 200,000 units exported through August this year.
According to the Korea Automobile Manufacturers Association (KAMA) on the 24th, the total number of eco-friendly vehicles exported by Hyundai and Kia from January to August this year reached 227,768 units, a 35.6% increase compared to 167,995 units during the same period last year.
Up to August, Hyundai exported 127,472 eco-friendly vehicles, and Kia exported 100,296 units, marking increases of 41.1% and 29.1% respectively compared to the same period last year.
Exports of eco-friendly vehicles, including hybrid vehicles, plug-in hybrid vehicles, and electric vehicles, have all significantly increased.
Hybrid vehicle exports by Hyundai and Kia through August totaled 117,483 units, a 54.3% increase compared to the previous year.
Among these, SUVs (Sports Utility Vehicles) accounted for 81,869 units, representing 69.7%. The Tucson Hybrid, Sorento Hybrid, and Santa Fe Hybrid each exported over 10,000 units.
For plug-in hybrid models, a total of 24,055 units were exported, including 14,205 units of the Niro, 4,927 units of the Ioniq, and 4,923 units of the Santa Fe, marking a 31.3% increase compared to the same period last year.
Electric vehicle exports totaled 85,358 units, with Hyundai exporting 40,338 units and Kia 45,020 units, a 17.3% increase compared to 72,766 units during the same period last year. The dedicated electric vehicles Ioniq 5 and EV6 led the export performance.
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If this trend continues, the annual export volume of eco-friendly vehicles this year is expected to surpass last year's record of 269,874 units and potentially exceed 300,000 units for the first time.
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