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Hyundai, Kia sells more than 500,000 eco-friendly cars globally

All Headlines 11:20 April 06, 2017

SEOUL, April 6 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their cumulative sales of environment-friendly vehicles exceeded 500,000 units globally as they strive to make a bigger impact on the fast growing market.

In the eight years from 2009 through March of this year, the two automakers sold a combined 509,645 eco-friendly cars -- 201,785 units domestically and 307,860 overseas, data provided by the companies showed.

Hyundai and Kia, which together form the world's fifth-biggest carmaker by sales, have diversified their product lineups by adding fewer greenhouse gas emitting models mainly to compete with their Japanese rivals in major markets.

In 2009, Hyundai and Kia launched the hybrid versions based on the Avante liquefied petroleum injection (LPi) and Forte LPi compact, respectively, making their forays into the market.

In 2011, Hyundai added the hybrid model of the Sonata and Kia the K5 midsize sedan hybrid to their lineups.

More recently, Hyundai introduced the Ioniq hybrid car and the Grandeur Hybrid, with Kia coming up with the Niro hybrid vehicle.

Hyundai's Ioniq hybrid car (Yonhap file photo)

On top of the hybrid vehicles, the country's two leading carmakers also looked to pure-electric vehicles to secure a share in the rapidly changing automobile markets.

All-electric versions based on Hyundai's Ioniq, and Kia's Soul boxcar and Ray minicar are available in the domestic markets.

Hyundai took a step further in 2013 by launching a hydrogen-powered fuel cell model based on the Tucson SUV for the first time in the world. But its sales remain weak due to the high price and lack of hydrogen charging infrastructure.

In Hyundai's latest move to continue its hybrid initiative, the carmaker launched the Grandeur Hybrid last month, with an aim to sell more than 10,000 units in the domestic market annually.

It has yet to decide on the time frame for exporting the new large hybrid sedan. Hyundai's Sonata hybrid sedan and Ioniq hybrid car, and Kia's K5 hybrid sedan and Niro hybrid car are available overseas.

kyongae.choi@yna.co.kr
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