Hyundai Motor Plug-In Automotive Gross sales Doubled In March 2023

Hyundai Motor Firm (Hyundai and Genesis manufacturers) stories that its international automobile gross sales in March amounted to 381,885 items, which is 21 p.c greater than a 12 months in the past. In the course of the first quarter of 2023, the corporate bought barely over 1 million automobiles (up 13 p.c year-over-year).

Nevertheless, an important factor is how briskly the group is rising plug-in electrical automobile gross sales.

In accordance with Hyundai Motor Firm, final month, the mixed wholesale shipments (intently associated to manufacturing) of Hyundai and Genesis plug-in vehicles amounted to *34,125 (up 110 p.c year-over-year). We estimate that it is round 9 p.c of the entire quantity.

*Retail gross sales in South Korea plus wholesale gross sales (producer stage) outdoors South Korea, unaudited and on a preliminary foundation.

**The Hyundai gross sales report consists of gross sales numbers from the vegetation in South Korea, Europe (Kona Electrical and Tucson PHEV), Indonesia (Ioniq 5), and vegetation in China and India (each small numbers), in addition to in america.

The info signifies that each all-electric and plug-in hybrid automobile wholesale shipments reached month-to-month data. Within the case of BEVs, it is greater than 28,600 for the very first time, whereas within the case of PHEVs, it is greater than 5,400 items.

The corporate itself stories greater than 24,000 all-electric automobile gross sales (in comparison with 28,000+ wholesale shipments).

“Hyundai Motor maintained its electrical automobile (EV) gross sales momentum by promoting over 24,000 items in March, led by IONIQ 5 and IONIQ 6, which accounted for greater than half of the entire EV gross sales.”

Wholesale shipments quantity by powertrain sort:

  • BEVs: 28,680 (up 120%)
  • PHEVs: 5,445 (up 68%)
  • Complete plug-ins: 34,125 (up 110%)
  • FCVs: 723 (up 62%)

To date this 12 months, the wholesale shipments exceeded 85,000 (up 89 p.c year-over-year).

Wholesale shipments quantity by powertrain sort year-to-date:

  • BEVs: 71,958 (up 111%)
  • PHEVs: 13,249 (up 21%)
  • Complete plug-ins: 85,207 (up 89%)
  • FCVs: 2,051 (up 40%)

For reference, in 2022 Hyundai Motor Firm bought greater than 240,000 plug-in electrical vehicles (up 45 p.c year-over-year), together with almost 195,000 all-electric (up 56 p.c).

Hyundai model

The Hyundai model, which is accountable for almost all of the corporate’s plug-in automobile gross sales, famous a 114 p.c year-over-year improve in plug-in automobile wholesale shipments, to over 31,000. All outcomes are a document excessive.

Hyundai wholesale shipments quantity by powertrain sort:

  • BEVs: 25,930 (up 127%)
  • PHEVs: 5,445 (up 68%)
  • Complete plug-ins: 31,375 (up 114%)
  • FCVs: 723 (up 62%)

Wholesale shipments quantity by powertrain sort YTD:

  • BEVs: 66,173 (up 109%)
  • PHEVs: 13,249 (up 21%)
  • Complete plug-ins: 79,422 (up 86%)
  • FCVs: 2,051 (up 40%)

For reference, in 2022, Hyundai’s plug-in electrical automobile wholesale shipments amounted to over 221,000, together with over 175,000 all-electric vehicles.

Whereas the Hyundai Ioniq 5 stays the highest mannequin in Hyundai’s EV lineup, the Hyundai Ioniq 6 is now the second hottest all-electric mannequin with a brand new document lead to March. Plainly the manufacturing of E-GMP-based fashions exceeded 18,000 final month.

In 2023, the lineup shall be joined by the Ioniq 5 N – “the corporate’s first high-performance EV, with particulars to be unveiled within the coming months.” Within the pipeline can also be the all-new Kona, which could have an all-electric model.

Prime fashions (wholesale shipments) final month (and YTD):

The hydrogen gas cell mannequin — Hyundai NEXO — famous 723 items final month (and a couple of,051 YTD).

Genesis model

Within the case of Genesis, the model’s wholesale shipments of all-electric vehicles (GV60, Electrified GV70, and Electrified G80) amounted to 2,750 (up 75 p.c year-over-year). That is together with native manufacturing of almost 200 Electrified GV70 within the US.


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