The Hyundai-Kia group sold 7.3 million vehicles in 2023
- The Hyundai-Kia group (Hyundai, Kia, Genesis) sold 7.3 million vehicles worldwide in 2023 compared to 6.85 million in 2022, which represents an increase of 6.6% and places the Korean group as the third world carmaker, behind the Toyota (1st) and Volkswagen (2nd) groups. This volume is divided in 4,007,924 Hyundais, 3,085,771 Kias and 208,756 Genesis.
- The United States remains the Korean group's first market in 2023, with 1,652,821 PC+LUV sales, a market in which Hyundai-Kia held a 10.6% market share last year. South Korea remains its second market, with 1,327,903 sales and 77% market share. Europe (EU + UK + EFTA) is its third market, with 1,109,909 sales and 8.6% market share. India is its fourth market, with 857,109 sales and 16% market share. China is its fifth market, with 425,315 sales and only 1.6% market share, a market in which the Korean group tends to gradually disappear.
- In 2023, Hyundai-Kia sold 376,500 BEVs (up from 355,000 in 2022), 105,000 PHEVs (up from 120,000 in 2022) and 646,000 HEVs (up from 375,000 in 2022). These models represent 15% of the Korean carmaker's total sales.
- Despite the various battery electric vehicles offer, the Hyundai-Kia group is struggling to establish itself on the Chinese market (the most electrified market in the world) compared to its Chinese competitors (mainly BYD but not only) and the American Tesla.
- Without China, the Hyundai-Kia group will have to consolidate its positions in its four major markets, the United States, South Korea, Europe and India where competition is also fierce. This is why the carmaker plans a modest growth in 2024 compared to 2023, of around 2%.