Money and business

"Hyundai Motor" It falls to the third place in the American electric car market

On July 9 / WAM / Data published today, Wednesday, showed that the South Korean Hyundai Motor Group has declined to third place in terms of the share in the electric car market in the United States, during the first half of this year.

According to the data issued by the “Wardz Intelse” market research company, the share of the “Hyundai Motor” group in the American electric car market reached 7.6%, ranked third after 42.5%, and the generals of Motors 13.3%. The South Korean Yonhap News Agency indicated that “Hyundai” lost 3.4 percentage points from its market share compared to the first half of last year, as 11% were ranked second.

The group jumped from fourth place with a stake of 4.1% in 2021 to second place with a share of 10.4% in 2022, and maintained the second place during the first half of the past three years.

The South Korean group, which includes the “Hyundai Motor” and “Kia” companies, sold 44 thousand and 555 electric cars in the first half of this year, a decrease of 28% from the same period last year, while the total sales of electric cars in the United States increased during the same period by 5.2% to 589 thousand and 66 cars compared to 560 thousand and 198 cars during the first half of last year.

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