South Korea’s Hyundai Motor Group mentioned on Monday it ranked third in first-half international car gross sales on elevated high-end mannequin gross sales regardless of the shortage of automotive chips.
Hyundai Motor, its unbiased Genesis model and Hyundai’s smaller affiliate Kia Corp. bought a complete of three.299 million autos in international markets within the January-June interval, following Toyota Motor Group’s 5.138 million items and Volkswagen Group’s 4.006 million items, based on their gross sales information.
Within the first six months, elevated gross sales of Genesis fashions, the all-electric Hyundai IONIQ 5 and the pure electrical Kia EV6 pushed up the Korean carmaker’s gross sales rating, studies Yonhap information company.
The group’s rating jumped from fifth with gross sales of three.475 million autos within the first half of 2021.
The Korean automaker’s first-half gross sales fell 5.1 per cent from a yr earlier, faring higher than its international opponents.
Toyota Group’s gross sales declined 6 per cent, Volkswagen Group’s dropped 14 per cent, Stellantis’ shed 16 per cent, and Common Motors plunged 19 per cent.
Stellantis is a 50:50 three way partnership arrange by the merger of U.S. carmaker Fiat Chrysler Vehicles N.V. and French automaker PSA Groupe.
Hyundai Motor mentioned final week it is going to spend $424 million to construct a man-made intelligence (AI) analysis centre within the US to bolster its edge in robotics know-how, an space it cites as a key future progress driver.