Hyundai Motor Offered Nearly 25,000 Plug-In Vehicles In November 2022


Hyundai Motor Firm (Hyundai and Genesis manufacturers) experiences that its world automobile gross sales in November amounted to 351,179 items, which is 10.7% greater than a yr in the past. In the course of the first 11 months of the yr, the corporate offered 3,600,138 autos (up 1.2%%), which signifies that the difficult yr of 2022 might be constructive in spite of everything.

An essential a part of the expansion is the booming plug-in electrical automotive phase. Final month, the mixed wholesale shipments (carefully associated to manufacturing) of Hyundai and Genesis plug-in automobiles amounted to *24,831 (up 51% year-over-year). We estimate that it is the third consecutive month-to-month file. Plug-in share exceeded 7% of the corporate’s whole wholesale quantity.

*Retail gross sales in South Korea plus wholesale gross sales (producer degree) exterior South Korea, unaudited and on a preliminary foundation.

**The Hyundai gross sales report consists of gross sales numbers from the vegetation in South Korea, Europe (Kona Electrical and Tucson PHEV), Indonesia (Ioniq 5), and vegetation in China and India (each small numbers).

The outcomes are particularly good within the case of all-electric automotive gross sales, as the corporate achieved a brand new file of about 21,500 items and a development charge of 60% year-over-year.

These excellent outcomes are principally the results of file all-electric automotive gross sales, which amounted to virtually 20,000 (up 35% year-over-year). Plug-in hybrids had been barely up this time.

Wholesale shipments quantity by powertrain sort:

  • BEVs: 21,500 (up 60%)
  • PHEVs: 3,331 (up 10%)
  • Whole plug-ins: 24,831 (up 51%)
  • FCVs: 1,176 (up 24%)

Hyundai model

The Hyundai model, which is accountable for almost all of the corporate’s gross sales, set a brand new file for each plug-in and all-electric automotive gross sales.

The wholesale shipments elevated by 47% year-over-year to 23,204, together with virtually 20,000 all-electric automobiles.

Hyundai wholesale shipments quantity by powertrain sort:

  • BEVs: 19,873 (up 56%)
  • PHEVs: 3,331 (up 10%)
  • Whole plug-ins: 23,204 (up 47%)
  • FCVs: 1,176 (up 24%)

To date this yr, Hyundai’s plug-in electrical automotive wholesale shipments amounted to virtually 200,000, together with over 150,000 all-electric automobiles.

Hydrogen gasoline cell autos for the very first time exceeded 10,000 items in a single yr (in comparison with 9,620 in 2021).

Wholesale shipments quantity by powertrain sort YTD:

  • BEVs: 155,468 (up 44%)
  • PHEVs: 42,825 (up 15%)
  • Whole plug-ins: 198,293 (up 37%)
  • FCVs: 10,079 (up 9%)

The Hyundai Ioniq 5 stays the highest mannequin in Hyundai’s EV lineup. In November, the full quantity exceeded 10,000 for the second time ever. The corporate famous additionally that by December, it offered over 88,000 items.

A really good factor to see is the gradual ramp-up of the all-new Hyundai Ioniq 6 with near 4,000 items in November. Hopefully, quickly the corporate will begin exporting its new electrical sedan (thus far this yr solely a handful had been exported).

Prime fashions (wholesale shipments) final month (and year-to-date):

The hydrogen gasoline cell mannequin — Hyundai NEXO — famous 1,176 items (10,079 YTD).

Genesis model

Within the case of Genesis, the model’s wholesale shipments of all-electric automobiles (GV60, GV70 EV and G80 EV) amounted to 1,627 (together with 971 GV60, which is a brand new file).

Yr-to-date Genesis offered over 17,500 all-electric automobiles. The preferred mannequin is the Genesis GV60 (10,208), adopted by the Genesis Electrified G80 (3,929) and Genesis Electrified GV70 (3,458).


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