Hyundai Motor Company and Kia Surpass 100,000 Electric Vehicle Sales in European Market

Market Share Reaches 10.8% with Sales Expansion Amid Vehicle Semiconductor Supply Shortage... Double-Digit for Three Consecutive Months

On the 17th, one day before the Chuseok holiday, export vehicles are waiting to be loaded at Pyeongtaek Port in Gyeonggi. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Yu Je-hoon] Hyundai Motor Company and Kia recorded double-digit market shares in the European market for three consecutive months. Additionally, their cumulative electric vehicle sales surpassed 100,000 units for the first time.

According to the European Automobile Manufacturers Association (ACEA) on the 18th, Hyundai and Kia sold 86,438 units in October, a 6.7% increase compared to the same period last year. Their market share in Europe rose by 3.6 percentage points year-on-year to 10.8%, maintaining double-digit shares for three consecutive months following August (10.1%) and September (11.1%).

Hyundai sold 43,629 units, an 11.0% increase. Among the models, the Tucson led with 12,819 units, followed by the Kona (8,149 units), i20 (5,251 units), and i10 (4,279 units). Kia sold 42,809 units, a 2.6% increase. The Ceed was the best-selling model with 12,675 units, followed by the Niro (7,872 units) and Sportage (6,465 units).

Meanwhile, electric vehicle sales in the European market last month increased by 23.1% year-on-year to 14,319 units. The cumulative sales from January to October reached 104,883 units, surpassing 100,000 units for the first time. By model, the Niro led with 38,930 units, followed by the Kona (36,849 units), Ioniq 5 (12,219 units), Ioniq Electric (7,569 units), Soul EV (6,885 units), and EV6 (2,431 units).

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