Hyundai sales rose 4% in July despite a shortage of electronic chips

Hyundai sales rose 4% in July despite a shortage of electronic chips


SEOUL, Aug. 01 (Yonhap) — Hyundai Motor Co, South Korea’s largest automaker, said Monday that sales rose 4 percent in July from a year earlier, despite global fuel shortages.

Hyundai Motor Company sold a total of 325,999 vehicles in July, down from 313,460 units a year earlier, due to strong demand for its SUV models, the company said in a statement.

Sales in South Korea fell 5.9 percent from 59,856 to 56,305 units in the period, while overseas sales rose 6.3 percent from 253,604 to 269,694, according to the contact.

Hyundai plans to launch the all-electric Ioniq 6 and other competitive models in global markets to help sales in the second half, the company said.

The Ioniq 6 is Hyundai Motor Group’s second E-GMP platform model, after the Ioniq 5 launched in April last year.

Hyundai will sell the Ioniq 7 SUV, based on this platform, in 2024. Hyundai uses alphanumeric names for all its electric models.

January-July sales fell 6% to 2,205,040 vehicles from 2,344,645 units in the same period last year.

Hyundai expects to sell 4.32 million units this year, up from 3.89 million units sold last year.