Hyundai Motor Company, on Thursday announced its business results for the second quarter of 2023, reflecting continued strong demand for its electric vehicles (EV), sport utility vehicles (SUV) and luxury models around the world.
City Business News report that within the period, Hyundai Motor sold 1,059,713 units around the globe, 8.5 percent increase from a year earlier.
Sales in markets outside of Korea were up by 7.6 percent to 854,210 units, and sales in Korea increased by 12.7 percent to 205,503 units.
The overall sales increase, especially for SUV and Genesis luxury models, as well as favorable exchange rates, helped lift revenue in the second quarter. Hyundai Motor also sold nearly 78,000 units of EV models in the period, an increase of 47 percent from a year earlier.
A statement explained that the company expects to strengthen sales momentum through production improvements as chip and component supplies stabilize worldwide, cementing demand for the brand, and enhance profitability despite global uncertainties, such as interest rate fluctuations and expanding inflation.
