Hyundai Motor's Strong Performance Amid Semiconductor Crisis, Sold 3.89 Million Units Globally Last Year

[Asia Economy Reporter Changhwan Lee] Hyundai Motor Company recorded a global sales performance of over 3.89 million units last year. Despite the challenges of COVID-19 and the shortage of automotive semiconductors, the company showed a slight increase in sales compared to the previous year, earning praise for its solid performance.

Hyundai Motor announced on the 3rd that it sold a total of 3,890,981 vehicles last year. This represents a 3.9% increase compared to the same period the previous year.

Domestic Market Sales Slightly Decreased Due to Automotive Semiconductor Issues

In the domestic market, Hyundai sold 726,838 units, a 7.7% decrease compared to the previous year.

Last year, Hyundai's domestic sales saw remarkable growth in eco-friendly vehicle models. Hybrid model sales grew by 3.4% compared to 2020, reaching 68,416 units; electric vehicles increased by 128.1% to 42,448 units; and hydrogen fuel cell vehicles (Nexo) grew by 46.9% to 8,502 units.

Sedans sold a total of 223,741 units, including 89,084 units of the Grandeur, 63,109 units of the Sonata, and 71,036 units of the Avante.

Recreational Vehicles (RVs) sold a total of 210,033 units, including 52,338 units of the Palisade, 41,600 units of the Santa Fe, 48,376 units of the Tucson, 22,671 units of the Ioniq 5, and 10,806 units of the Casper.

Hyundai emphasized that it plans to accelerate preparations for subsequent electric vehicle models, leveraging the popularity of the Ioniq 5, the first dedicated electric vehicle based on the E-GMP platform, while further solidifying its position in the global eco-friendly vehicle market.

Commercial vehicles recorded sales of 125,650 units, combining 92,218 units of the Porter and 26,240 units of the Staria, which are small commercial vehicles. Large commercial vehicles, including medium and large buses and trucks, sold 28,658 units.

The premium brand Genesis sold a total of 138,756 units, including 59,463 units of the G80, 1,190 units of the GV60, 40,994 units of the GV70, and 24,591 units of the GV80.

7% Sales Increase in Overseas Markets

Hyundai sold 3,164,143 units overseas in 2021, a 7.0% increase compared to 2020.

Overseas sales increased due to the base effect from the impact of COVID-19 and the recovery of demand in global automotive markets such as the United States, Europe, and emerging markets.

A Hyundai official stated, “Despite ongoing management uncertainties such as semiconductor component issues last year, we minimized the impact of supply delays through adjustments in vehicle production schedules and achieved global sales growth by being recognized for excellent product quality. This year, we will strive to become a trusted top-tier eco-friendly brand by implementing solid sales strategies alongside the launch of competitive new models such as the Ioniq 6 and the electrified GV70.”

Meanwhile, Hyundai sold 334,242 units globally in December last year, including 66,112 units domestically and 268,130 units overseas. This represents a 10.9% decrease compared to the previous year.

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