After most automotive gamers introduced how they carried out in 2022, it’s now Hyundai’s flip to speak about what it managed to perform final yr. Deliveries to clients world wide rose by 1.3 p.c in comparison with 2021, reaching 3,942,925 models. The final quarter was notably robust, with 1.04 million automobiles shipped to clients or 8.1 p.c YoY. For the sake of accuracy, we’re speaking strictly about Hyundai, with out Kia and Genesis.
For this yr, the South Korean model has set a extra bold goal because it needs to promote greater than 4.32 million automobiles. Till the tip of the yr, Hyundai intends to spend a whopping KRW 10.5 trillion (about $8.5 billion at present trade charges), as follows: KRW 5.6 trillion ($4.5B) in capital expenditure, KRW 4.2 trillion ($3.4B) in analysis and growth, and KRW 700 billion ($567M) in strategic investments.
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So far as new merchandise which are scheduled to come back out in 2023, Hyundai confirms the next-generation Kona EV, all-new Santa Fe, and the Ioniq 5 N shall be out this yr. Pictured right here, the Ioniq 6 sedan shall be step by step rolled out to different markets within the coming months. We additionally get to be taught extra SUVs and posh Genesis fashions are on the best way. A facelift for the i20 N has already been introduced for a summer season debut, which suggests the lesser variations of the supermini will get a nip and tuck this yr.
There isn’t any phrase concerning the Ioniq 7, which suggests we’ll solely see the equal Kia EV9 this yr. Previewed in November 2021 by the Seven Idea, the three-row electrical SUV from Hyundai is anticipated to come back out sooner or later in 2024.
Provide bottlenecks will stay a priority this yr, in response to Hyundai, together with inflation and fluctuation of rates of interest.