Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
Hyundai group targets 18% sales boost in China this year, report says
Automotive News China | 2018/5/8

Hyundai Motor Group wants to increase sales of Hyundai and Kia brands in China this year by 18 percent to 1.35 million vehicles, according to Korean news agency Yonhap. 

The Korean auto giant expects Hyundai sales of 900,000 and Kia deliveries of 450,000 in China in 2018, Yonhap reported. 

In 2017, the brandsí» sales in China suffered steep declines after South Korea deployed U.S.-built anti-missile defenses in March -- a move that triggered anti-Korean sentiment in China. 

Last year, Hyundai sales fell 31 percent to 785,006 while Kia deliveries plunged 45 percent to 360,006, according to the China Association of Automobile Manufacturers. 

Hyundai and Kia sales began to stabilize late in 2017 after relations between China and South Korea improved. 

Their sales begun to recover this year. For the first four months, Hyundai and Kia combined delivered roughly 348,000 vehicles in China, rising 7.2 percent from the same period last year, according to Yonhap.

The brands also seek to boost China sales by introducing new models, especially crossovers. In April, Hyundai launched sales of the Encino subcompact crossover while Kia began selling the improved Sportage compact crossover.

At the Beijing auto show last month, Hyundai debuted the Lafesta compact sedan while Kia showed the Stonic subcompact crossover. The two new models will be built in China and arrive on the market this year.

Related Stories
  • Kia to lease first China plant to local partners
  •     --Published:2019/18/6
  • Hyundai promotes China designer to global role in Seoul
  •     --Published:2019/26/4
  • Hyundai denies tie-up with Tencent on driverless car software
  •     --Published:2019/9/4
  • Kia weighs suspending output at No.1 plant in China
  •     --Published:2019/12/3
  • Hyundai may suspend output at China plant as slowdown bites
  •     --Published:2019/8/3
  • Hyundai may cut China factory capacity, report says
  •     --Published:2019/1/3
  • Kia venture's deliveries advance 48%
  •     --Published:2019/12/2
  • Hyundai venture posts sales surge in January
  •     --Published:2019/8/2
  • Hyundai plans voluntary buyouts as market slows
  •     --Published:2019/29/1
  • Kia launches first electric vehicle with the KX3
  •     --Published:2018/14/12
  • Kia venture starts exports to boost sales, factory output
  •     --Published:2018/23/11
  • How Hyundai Motor, once a rising star, lost its shine
  •     --Published:2018/9/11
  • Hyundai, facing spotty recovery, to ship China-made cars to Southeast Asia
  •     --Published:2018/31/8
  • Hyundai Motor replaces China head amid weak recovery
  •     --Published:2018/27/7

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.