Kia Outsells Hyundai in Korea Again as the Pair's October EV Sales Jump 72%
Kia outsold Hyundai Motor in South Korea again in October, with 51,007 domestic sales against Hyundai's 49,042. The two brands sold 19,948 electric vehicles at home, up 71.7% and equal to 19.9% of their combined domestic sales.
By the Tesla News Wire staff · Edited by Seamus McKenna · · 2 min read
Electric vehicles drove Kia's lead over Hyundai at home in October. The figures come from the two automakers' monthly sales reports, as covered by Seoul Economic Daily, JoongAng Daily and Electimes.
Domestic EV sales
Kia: 13,169, up 86.5%. EV5 3,558, EV3 3,124, PV5 2,688 and Ray EV 1,525.
Hyundai: 6,779, up 48.9%.
Combined: 19,948, up 71.7%, or 19.9% of their domestic sales.
Total sales
Kia domestic: 51,007, up 27.5%. Hyundai domestic: 49,042, down 8.9%.
Global: Hyundai 329,773, down 6.3%. Kia 291,219, up 10.3%.
Context
Kia's growth came mostly from smaller, cheaper EVs and the PV5 van. Hyundai's results show slowing demand at home and abroad.
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