VW competitor Hyundai Motor and smaller sister Kia are looking to the new year with confidence. The two South Korean automakers expect to be able to surpass the seven million car mark again in 2022, after missing this target last year. The sales target is therefore a total of 7.47 million cars. That emerges from the figures that the companies presented on Monday. The Hyundai Motor Group is the world’s fifth largest auto company.
The sales target is twelve percent higher than the 6.67 million cars both companies had sold last year. The auto industry was severely affected by the global chip shortage, which in some cases severely delayed the delivery of vehicles.
Hyundai expects demand to recover
It is expected that the demand in the global car market will recover in 2022, said Hyundai Motor. Against this background, the company wants to sell 4.32 million cars through “optimized business strategies for each region”. In the foreign markets alone, South Korea’s industry leader expects to be able to sell 3.59 million cars.
Last year, thanks to the introduction of the Ioniq 5 electric model, it was possible to get the “transition to electrification” going, it said. Hyundai Motor aims to achieve a ten percent share of the world market for battery-powered electric vehicles by 2025. (dpa / swi)
From the data center: