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May 27, 2020

Hyundai fourth-largest global EV manufacturer in Q1

Hyundai Motor Group, including Hyundai Motor and Kia Motors, was the fourth-largest global manufacturer of electric vehicles (EVs) in the first quarter of 2020, according to research carried out by the Korea Automobile Manufacturers Association (KAMA).

By bcusack

Hyundai Motor Group, including Hyundai Motor and Kia Motors, was the fourth-largest global manufacturer of electric vehicles (EVs) in the first quarter of 2020, according to research carried out by the Korea Automobile Manufacturers Association (KAMA).

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The South Korean group sold a total of 24,116 EVs globally in the first three months of 2020 to claim an 8% share of the global market. Hyundai's EV range includes the Ioniq, Kona Electric and Nexo models, while Kia's modelrange include the Soul Electric and e-Niro. Exports increased by 26% to 20,173 units in the first quarter, while domestic sales amounted to 3,943 units.

Last year the group ranked sixth globally with a total of 84,200 EV sales.

The world's largest EV manufacturer remains Tesla, with global sales of 88,400 units in the first quarter of 2020 and a 29% global market share. Renault-Nissan came second with 39,355 sales and a 13% global market share; followed by Volkswagen Group with 33,846 units (11%); and China's BYD Auto with 18,834 units (6%).

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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