Hyundai Motor reports March South Korea EV sales up 38% from year earlier

Hyundai sold 7,809 electric vehicles in South Korea in March, up 38% year-over-year, according to a regulatory filing. The strong domestic EV sales growth indicates rising consumer demand and a positive volume mix for Hyundai, but this company-level update is unlikely to have broad market impact.

Analysis

Hyundai sold 7,809 electric vehicles in South Korea in March, up 38% year-over-year, according to a regulatory filing. The strong domestic EV sales growth indicates rising consumer demand and a positive volume mix for Hyundai, but this company-level update is unlikely to have broad market impact.