Hyundai Motor, Kia's combined China sales fall below 10,000 units in Sept.
Summary
Hyundai Motor and Kia’s combined retail sales in China fell to approximately 9,000 vehicles in September, amid sluggish demand. Hyundai sold around 4,000 units and Kia 5,000, bringing their combined market share to 0.6 percent. Sales remained weak despite China-specific electric vehicles, including Hyundai’s Elexio and Ioniq V.
Key Facts
- Hyundai Motor’s September sales in China fell 47 percent year on year, while Kia’s declined 31 percent.
- The combined sales figure was down 39 percent, according to a Hana Securities report based on China Passenger Car Association data.
- Hyundai’s China-specific Elexio electric SUV sold 251 units in the first nine months of the year, compared with 1,216 in the final three months of the previous year.
- Hyundai’s Ioniq V, its first China-specific model under the Ioniq brand, sold 558 units in September.
- Hyundai Motor and Kia had more than 10 percent of China’s market share in the mid-2010s.

Hyundai Motor CEO Jose Munos, second from left, poses with other officials after unveiling the Ioniq V at the Beijing International Motor Show in Beijing, April 24. Courtesy of Hyundai Motor
Hyundai Motor and Kia's combined retail sales in China fell below 10,000 vehicles for the first time this year in September amid sluggish demand, industry data showed Sunday.
Hyundai Motor's sales plunged 47 percent on-year to around 4,000 units last month, while Kia's dropped 31 percent to 5,000, according to a Hana Securities report based on China Passenger Car Association (CPCA) data.
Their combined sales fell 39 percent to approximately 9,000 units, with their market share slipping to just 0.6 percent from more than 10 percent in the mid-2010s.
The automakers have struggled to revive sales despite introducing electric vehicles (EVs) tailored to the Chinese market.
Hyundai's China-specific electric SUV Elexio sold just 251 units in the first nine months of this year, compared with 1,216 in the final three months of last year.
The Ioniq V, Hyundai's first China-specific model under its Ioniq brand, sold 558 units in September.
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