In late 2020, Hyundai Motor, which along with affiliate Kia Corp is among the many world’s high 10 largest automakers by gross sales, mentioned it could goal a share of 8% to 10% of the worldwide EV market by 2040.
In January, Hyundai and Kia forecast a 12.1% soar of their mixed international gross sales for 2022, after their gross sales fell virtually 4% in need of a goal of 6.92 million autos final yr because of the chip shortages.
Shares in Hyundai Motor was buying and selling down 1.7% as of 0559 GMT, versus the benchmark KOSPI’s 0.5% rise.