The Hyundai Motor Firm plans to introduce its Ioniq 5, pictured on the best on this artist’s rendering, subsequent 12 months. (Hyundai Motor Firm)
South Korea’s largest automaker introduced Sunday that, beginning subsequent month with sport utility car Palisade, it can introduce three sedans, three leisure automobiles and two electrical automobiles within the nation by way of 2021 to rebound after gross sales there plummeted lately.
The automaker’s three sedans embody the brand new Elantra, Mistra and La Festa’s facelift model, whereas its RV lineup will function the Custo MPV, ix35’s facelift model and Tucson. Additionally, Hyundai will launch Mistra EV and Ioniq 5 — its first EV primarily based on its new platform E-GMP.
The Ioniq 5 is a subcompact crossover utility car that will likely be launched early subsequent 12 months that includes motifs from Hyundai Motor’s electrical car idea 45.
Hyundai Motor’s launch timeline (Hyundai Motor)
Hyundai’s gross sales in China, which stood at 1.14 million items in 2016, nosedived to 785,700 in 2017, maintained an analogous degree of 790,117 in 2018, after which dropped to 650,123 final 12 months. Because of this, Hyundai’s market share within the nation dipped to three.1 p.c from 5.1 p.c within the interval.
The automaker’s China gross sales in February, when the coronavirus first started to unfold, fell 97.four p.c on-year, whereas general automotive gross sales within the nation declined 83.9 p.c in the identical interval.
In July, its gross sales in China shrank 19.1 p.c on-year, whereas general automotive gross sales within the nation solely elevated 8.5 p.c in the identical interval.
To sort out its lackadaisical efficiency in China, the automotive maker promoted Lee Kwang-guk to president and head of China operations final October from his former place as govt vp and head of Korea enterprise division on the firm.
By Kim Byung-wook ([email protected])