Hyundai sales up near 4% in 2021, plans to sell 4.32M units this year

 Hyundai recorded a 3.9-percent sales increase  in the full 12 months of 2021 compared to 2020 amid the ongoing pandemic and supply chain issues.

In a statement, Hyundai said that sales outside of Korea rose seven percent, thanks to the company’s proactive and market-specific strategies as well as the popularity of its SUV models and growing eco-friendly vehicle lineup.

Sales in Korea, however, declined 7.7 percent because of the semiconductor shortage that has affected the global automotive industry.

In 2021, Hyundai was able to jump-start its transition into electrification with the successful launch of the Ioniq 5, the first dedicated battery electric vehicle.

The company’s positive sales results stemmed from strategic supply chain management despite the challenging business environment caused by the ongoing pandemic, semiconductor supply issue, and fluctuation of raw material prices.

Hyundai says that it will continue implementing diverse measures to take care of its customers and to offer the world’s best products to meet their needs. Furthermore, the company plans to solidify its global leadership in the eco-friendly mobility market through the launch of upcoming Ioniq dedicated EV models and electrified GV70 of Genesis luxury brand.

With the demand on automobiles expected to recover worldwide this year amid growing competition in the industry, Hyundai aims to sell 4.32 million units around the globe with optimized business strategies tailored for each region. The company aims to sell 3.59 million units in overseas markets and 732,000 units in Korea.

Photo from Hyundai

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