Hyundai and Kia together sold more environmentally friendly cars overseas in 2024 than the year before. They shipped out about 707,853 of these cars, a jump from the 687,420 in 2023. This happened even though the economy wasn’t doing so great. Most of the increase was because people bought more gasoline hybrid cars. Those made up over half of the total number. The information came out in a press release by Hyundai Motor Group on Tuesday.
It seems that more people wanted hybrid cars and not as many wanted electric cars. So, Hyundai and Kia are changing their plans. They want to make their hybrid and electric cars better to keep up with what buyers want. This is their way of responding to the market. The news first came out from Yonhap, a news agency in Seoul.
The big reason for the increase in sales was the popularity of gasoline hybrid cars. This shows that what buyers want might be changing. Hyundai and Kia are using this information to plan their next steps. They are working on making their cars stronger and more attractive. The increase in exports is good news for these companies during tough economic times.