April 25, 2024
Automobiles
Hyundai, Kia sales plunge 65% in China
[THE INVESTOR] Hyundai Motor and Kia Motors saw their combined sales in China plunge 65.1 percent last month, auto analysts said on June 5.
In May, Hyundai and Kia sold 52,485 vehicles in China, the world’s biggest automobile market. Hyundai’s sales fell 65 percent to 35,100 units, and Kia’s declined 65.3 percent to 17,385, the analysts said.
The carmakers’ official sales data in China will be available around June 20, a Hyundai spokesman said.
The sale of Korean products has been affected by an ongoing row between Seoul and Beijing over the deployment of the THAAD system.
In the January-May period, overall sales of Hyundai and Kia in China declined 43 percent to 376,895 units compared with the period a year ago.
By Alex Lee and newswires (alexlee@heraldcorp.com)
In May, Hyundai and Kia sold 52,485 vehicles in China, the world’s biggest automobile market. Hyundai’s sales fell 65 percent to 35,100 units, and Kia’s declined 65.3 percent to 17,385, the analysts said.
The carmakers’ official sales data in China will be available around June 20, a Hyundai spokesman said.
The sale of Korean products has been affected by an ongoing row between Seoul and Beijing over the deployment of the THAAD system.
In the January-May period, overall sales of Hyundai and Kia in China declined 43 percent to 376,895 units compared with the period a year ago.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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