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Home > Tech News > With the rapid development of Hyundai, the global market share of electric vehicles has risen to the third place
With the rapid development of Hyundai, the global market share of electric vehicles has risen to the third place

With the rapid development of Hyundai, the global market share of electric vehicles has risen to the third place

By  Taber Barkovic 2020-01-06 1498 1

[gearbest News] according to data released by global market research firm IHS Markit, as of November this year, Hyundai Motor's share of the global electric vehicle market has reached 7%, of which Hyundai Motor accounts for 4%, Kia Motor accounts for 3%, second only to Tesla (19%) and BYD (11%). In addition, Hyundai's total electric vehicle sales in the same period was 129950, up more than 40 per cent from last year, including 22798 in South Korea and 107152 in overseas markets.

 
Modern automobile.

Thus it can be seen that Hyundai has made remarkable achievements in the field of electric vehicles. According to the statistics of the global electric vehicle market share of the Central Daily, Hyundai Motor has risen from the eighth to the third place. Two years ago, Hyundai never entered the top 10. It is commendable that Hyundai Motor has rapidly risen to the third place in the world in just two years, which is evident from its painstaking efforts and efforts.

 

At the same time, Tesla has once again consolidated his position in the first place and increased his market share by 7 per cent. In addition to Hyundai, BMW and Renault Nissan are also in third place. It is understood that Hyundai has been able to emerge in the electric car market this time because of its increase in electric vehicle models, which has led to an increase in car sales in the United States and Europe and other places. In addition, with the strengthening of EU emission regulations, the global electric vehicle market will change greatly from 2020.


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