Business (Wire)

Hyundai, Kia rank 3rd in 2014 global hybrid car sales

SEOUL, July 20 (Yonhap) — Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. ranked third in global sales of hybrid electric vehicles in 2014, industry data showed Monday.

According to the data by FOURIN, a Japanese auto research firm, the two Korean carmakers sold a combined 77,473 hybrid electric vehicles last year following Toyota with 1.16 million units and Honda with 279,000 units.

Hyundai Motor and Kia Motors entered the market by launching what they claim was the world’s first hybrid models — the Avante and the Forte LPi — in July 2009.

The Avante hybrid (Photo courtesy of Hyundai Motor)The Avante hybrid (Photo courtesy of Hyundai Motor)

The two carmaker’s hybrid car sales have been on a rise ever since. In 2010, they sold 6,062 units of hybrid electric vehicles, which rose to 34,863 in 2011 and 52,590 in 2012, when they ranked second in the global market.

They lost the third position to Ford in 2013 but reclaimed it last year.

In the electric vehicle (EV) sector, however, they sold only 661 units of EVs — the Ray and the Soul — last year. They ranked fifth in the environmentally friendly car market that counts sales of hybrid and electric vehicles.

Hyundai and Kia earlier said they will increase the lineup of their environmentally friendly cars to 22 models by the end of 2020 in a bid to emerge as the global No. 2 in market share.

kokobj@yna.co.kr

(END)

About the author

Yonhap News

Yonhap News

Yonhap News is South Korea's largest news agency based in Seoul.

Click here not to show this pop-up box again.