Hyundai Motor Group's US market share will exceed 10% for the first time in 2022.

(Schematic, Associated Press)

[Financial Channel/Comprehensive Report] Korean media reported that despite the global economic downturn and the shortage of automotive semiconductors and other unfavorable factors, the South Korean industry leader "Hyundai Motor Group" still relied on the strong sales of electric vehicles to In 2022, it has achieved outstanding performance and achieved a market share of more than 10% in the US market for the first time.

South Korea's "BusinessKorea" quoted data released by the market research company Cox Automotive and reported that Hyundai Motor Company and its subsidiary Kia Corp (Kia Corp) will sell a total of 1.47 million new cars in the US market in 2022. The 9.9% in 2021 will increase to 10.6%. This is the first time that Hyundai Motor Group has achieved a double-digit market share in the US market.

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According to the report, the market share of Hyundai Motor Group ranks fifth in the U.S. market, and the top four cars are General Motors (GM, 2.25 million units sold, accounting for 16.3% of the market), Toyota Motor Corporation (Toyota, 212 million units). million vehicles, 15.3%), American Ford Motor (Ford, 1.83 million vehicles, 13.3%), multinational automaker Stellantis (1.54 million vehicles, 11.1%).

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