IONIQ 9 Sells Nearly 15,000 Units Globally in Just Six Months Since Launch
Hyundai Motor Company's large electric SUV, the IONIQ 9, has become a hit, recording nearly 15,000 units sold just six months after its launch.
According to Hyundai Motor's IR on August 25, a total of 14,391 units of the IONIQ 9 have been sold in the global market since its release in February, with 4,745 units sold domestically and 9,646 units sold overseas. The IONIQ 9, in particular, is attracting significant attention abroad. Although exports began in April, two months after its domestic release, overseas sales surpassed domestic sales in just four months.
The export volume of the IONIQ 9 is produced at Hyundai's Asan plant, while the units for the U.S. market are manufactured at Hyundai Motor Group Metaplant America (HMGMA), the group's local electric vehicle hub.
The IONIQ 9 drew attention even before its launch as a joint product with SK On. It is equipped with SK On's 110.3kWh nickel-cobalt-manganese (NCM) 9 battery. The IONIQ 9 contains more than 500 battery cells, which is about 1.5 times more than the IONIQ 5. Compared to midsize vehicles, which typically use 60 to 70kWh batteries, the sales effect of battery volume per unit is significant, ranging from at least 50% to as much as 80% more.
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Additionally, as local sales in the United States increase, the scale of the Advanced Manufacturing Production Credit (AMPC) that SK On will receive also grows, leading to the evaluation that it is a win-win joint venture for both Hyundai Motor Group and SK On. Hyundai Motor Group is ramping up its efforts to target the North American electric vehicle market, centered around HMGMA, and SK On is also expected to accelerate local battery procurement. SK On is currently producing and supplying batteries for Hyundai Motor Group's electric vehicles at its Georgia Plant 1 and 2, and is also building a joint plant in North America with Hyundai Motor Group with a capacity of 35GWh.
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