Hyundai Motor, Kia's combined China sales fall below 10,000 units in Sept.
SEOUL, Oct. 25 (Yonhap) -- Hyundai Motor Co. and Kia Corp.'s combined retail sal...
In September, the combined retail sales of Hyundai Motor and Kia in China fell below 10,000 vehicles for the first time this year, according to industry data. Hyundai Motor's sales plummeted 47% year-on-year to around 4,000 units, while Kia's sales declined 31% to 5,000 units, according to a report by Hana Securities based on data from the China Passenger Car Association (CPCA).
Their combined sales dropped 39% to approximately 9,000 units, marking a significant decline in their market share from over 10% in the mid-2010s to just 0.6% in September. Despite launching electric vehicles tailored for the Chinese market, the automakers have struggled to boost sales. Hyundai's China-specific electric SUV, the Elexio, sold only 251 units in the first nine months of the year, down from 1,216 in the final quarter of the previous year.
The Ioniq V, Hyundai's first China-specific model under the Ioniq brand, sold 558 units in September.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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