Hyundai, Kia’s Europe sales down 10.5 pc in November
Combined vehicle sales of leading South Korean automakers Hyundai Motor and Kia in Europe fell 10.5 per cent in November from a year ago, industry data showed on Thursday.
Combined vehicle sales of leading South Korean automakers Hyundai Motor and Kia in Europe fell 10.5 per cent in November from a year ago, industry data showed on Thursday.
Kia has sold 1.6 million units in India and overseas markets combined to date.
Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.
Over 60 per cent of South Korea's automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies.
Hyundai Motor, South Korea's biggest carmaker, said on Wednesday its sales fell 3.7 per cent last month from a year earlier on weak overseas demand.
The combined market capitalisation of Hyundai Motor and Kia is widely expected to surpass the 100 trillion-won ($72.2 billion) mark this year, according to industry watchers.
The combined overseas production of Hyundai Motor and Kia, including in India, surpassed 3.68 million units in 2023
Hyundai launched its first EV model, the BlueOn, which was based on the i10 mini car, in the domestic market in July 2011.
Hyundai Motor, South Korea's top carmaker, and its sister company, Kia, are set to post combined exports of 2 million units in 2023, data showed on Sunday, on the back of the post-pandemic market recovery.
Hyundai debuted the Ioniq 5 N, the first high-performance EV model of the company's N brand aimed at the North American market.
