Exports of Hyundai, Kia hybrid vehicles jump 35.2%

The headquarters of Hyundai Motor and Kia in Seocho District, Seoul / Courtesy of Hyundai Motor Group

Exports of hybrid cars by Hyundai Motor and its affiliate Kia jumped 35.2 percent on-year in the first seven months of this year, industry data showed Sunday.

Hyundai Motor and Kia exported a total of 222,818 hybrid vehicles between January and July, compared with 164,851 units for the same period last year, according to the data from the Korea Automobile & Mobility Association.

In particular, Hyundai Motor saw its exports of hybrid vehicles soar 58.3 percent on year to 141,032 units.

Last week, Hyundai Motor CEO Chang Jae-hoon told investors that the company plans to improve its self-developed hybrid systems to better meet the growing demand for hybrid vehicles.

Hyundai Motor plans to expand its hybrid system, which was previously offered primarily in compact and mid-sized vehicles, to a broader range of models, Chang said. (Yonhap)