Hyundai: Marked Second in Global EV Market | Reviews Nepal

Hyundai Motor Group secured its position as second in the worldwide electric vehicle (EV) market. As per a report titled "Global Electric Vehicle Sales and Its Implications" by the Korea Automobile Manufacturers Association (KAMA) Wednesday, Hyundai Motor Group sold around 280,000 EVs in the worldwide market a year ago, up 23.8% from the earlier year. The South Korean auto organization has overwhelmed Japanese carmakers, for example, Honda and Nissan to rank second in worldwide EV deals since 2016. Toyota positioned first by selling 1.68 million EV, which is proportional to a piece of the overall industry of 39.2%.

Specifically, Hyundai Motor and Kia Motors saw their EV deals increment three folds to 120,000 in comparison with the earlier year. This excludes the sales of Hybrid vehicles that charge themselves when the brake pedal is applied. Hyundai's Kona Electric and Kia's Niro EV have driven the automakers' expansion in deals.

“Despite their narrow luxury EV lineup, Hyundai Motor Group will be able to increase its influence on market growth once it releases high-performance Genesis BEV, whose maximum range of over 500 kilometers, in 2021,” said a KAMA official.

 

 

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