Hyundai Group sees 70% growth in plug-in car sales in February 2023

Hyundai Motor Co. has claimed that its global plug-in car sales will soar in February 2023, jumping 70% last month compared to the same period last year. The auto group comprising the Hyundai and Genesis brands said its total plug-in vehicle sales rose 70% to 30,364 units last month, including 25,172 battery electric vehicles (BEV) and 5,192 plug-in hybrid electric vehicle (PHEV) vehicles. ). This marks a 77% increase in BEV sales and a 44% surge in PHEV sales.

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Updated on:
March 20, 2023 at 10:39 am

The South Korean auto group said it sold 327,718 vehicles globally in February, up 7.3 percent from a year ago. As of now, auto companies will sell 637,841 vehicles in 2023, an increase of 8.5% year-on-year. While disclosing the figures, Hyundai said it was focusing on rapidly expanding sales of plug-in electric vehicles, which hit a new record level in February.

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The automaker group also said it maintained momentum in sales of electric vehicles, which account for more than half of total EV sales, as it sold more than 20,000 units in February, led by the Ioniq 5 and Ioniq 6. Hyundai, which is responsible for most of the group’s plug-in car sales, noted that wholesale shipments rose 66% year-on-year to 28,599 units, a new monthly record.

Hyundai alone sold 23,407 fully electric vehicles last month, an increase of 71%. Genesis, the group’s luxury car brand, sold 1,765 pure electric vehicles, including models such as the GV60, GV70 and G80. The automaker grew 206% year-over-year.

First published date: March 20, 2023, 10:39 AM CST

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