Hyundai Misses 2022 Global Vehicle Sales Target

  • Hyundai Motor Company HYMTF said its 2022 global sales totaled 3.94 million units, a 1.4% increase year-on-year.
  • The sales missed the target of 4.3 million set by the company in the beginning of 2022, due to inflation and supply disruptions.
  • Hyundai’s December 2022 sales rose 4% Y/Y to 347,340 vehicles.
  • Also Read: Hyundai Inks MOU With SK On For EV Battery Supply
  • The IONIQ 5 and IONIQ 6 together recorded over 100,000 units of global sales in 2022., accelerating electrification.
  • The auto major aims to sell 4.32 million units in 2023, with 3.54 million units in overseas markets and 781,000 units in Korea.
  • Also ReadHyundai, LGES Plan To Build JV Battery Plants In US
  • Price Action: HYMTF shares closed lower by 1.21% at $29.75 on Friday.
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