On September 2, South Korean automaker Hyundai Motor Corporation announced that its global sales in August this year fell 5.
3% from the same period last year to 332,963 vehicles.
Among them, sales in overseas markets were 274,876 vehicles, a decrease of 7.
2% from August last year.
in the Korean domestic market, the company’s sales were 58,087 vehicles, an increase of 4.
6% from the same period last year.
Photo source: Hyundai Motor Company.
Last month, Hyundai Motor Company’s total sales of SUV models in the domestic market in South Korea were 20,243 units.
luxury brand Zenith’s monthly sales were 10,323 units, which still maintained a strong momentum.
In terms of electric vehicles, Hyundai Motor Company sold more than 20,000 electric vehicles worldwide in August, consolidating its leading position in the global electric vehicle market.
From January to August this year, Hyundai Motor’s cumulative global sales were 2,730,162 vehicles, a slight decrease of 1.
4% year-on-year.
Among them, the company’s sales in the South Korean domestic market fell nearly 10% year-on-year to 459,800 vehicles.
sales in overseas markets increased by 0.
4% compared with the same period last year to 2,270,362 vehicles.
, In order to cope with business uncertainties, Hyundai Motor Co., Ltd. is strengthening production and sales to meet market demand and flexibly respond to changes in some markets.
At recent CEO Investor Day, Hyundai Motor announced its plans to increase profitability by offering a diverse range of hybrid and electric vehicle products, including INSTER, new subcompact electric vehicles, IONIQ and other products.
, According to Hyundai Motor Company’s plan, it wants to achieve annual sales of 5.
55 million vehicles by 2030, and this goal is an increase of more than 30% compared with annual sales in 2023.
To this end, the company plans to expand production scale and increase production capacity by an additional 1 million vehicles.
To actively support the implementation of the above strategy, Hyundai Motor Co., Ltd. will invest 120.
5 trillion won (approximately US$90.
13 billion) from 2024 to 2033, an increase of 10.
1% over the company’s 2023-2032 investment plan (109.
4 trillion won).
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