Hyundai Motor’s Ioniq 5 electrical automobile / Courtesy of Hyundai Motor
Hyundai Motor and its affiliate Kia mentioned Tuesday their mixed exports of environmentally pleasant automobiles climbed 3 % in 2024 from a yr earlier regardless of an financial slowdown.
Hyundai and Kia shipped a complete of 707,853 eco-friendly vehicles final yr, up from 687,420 models a yr in the past, Hyundai Motor Group mentioned in a press launch.
Gasoline hybrid fashions accounted for 56 % of the eco-friendly automobile shipments, offsetting a slowing demand for electrical automobile (EV) fashions, it mentioned.
To experience out the EV slowdown, the carmakers mentioned they may launch extra fuel-efficient gasoline hybrid fashions and regulate manufacturing.
Hyundai and Kia collectively kind the world’s third-largest automotive group by gross sales after Toyota Motor and Volkswagen AG.
Their total exports barely fell to 2,180,698 models value $53.36 billion final yr from 2,216,231 automobiles value $54.39 billion in 2023, the discharge mentioned. (Yonhap)
