SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally.
This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and continued through August of this year.
E-GMP is a versatile and standardized platform that allows for various types of electric vehicles. It’s designed with the battery placed low in the center of the vehicle, enhancing stability during electric driving.
This platform also boasts a longer wheelbase than traditional internal combustion engine vehicles, providing spacious interiors and the ability to supply battery power to other electric vehicles or external devices through V2L technology.
Breaking down the numbers by vehicle type, the Ioniq 5 took the lead with 243,600 units sold, followed by the Kia EV6 (183,978), Hyundai Ioniq 6 (57,696), Genesis GV60 (20,732), and Kia EV9 (5,317).
Interestingly, overseas sales exceeded those in Korea, with 367,981 units sold internationally compared to 142,748 units in Korea. The Ioniq 5 made up a significant portion of these overseas sales, accounting for 74.5% (181,210 units).
The sales volume has nearly doubled in a year, jumping from 96,602 units in 2021 to 208,990 units in the following year. Remarkably, sales in 2022 (205,133 units through August) have already reached last year’s level.
Hyundai’s E-GMP lineup is set to expand further, with the Ioniq 6 launched last year and the EV9 this year. The Kia EV5, designed for the Chinese market, is also planned for release later this year.
Looking ahead, next year promises continued growth in E-GMP-based EV sales, with the launch of the Ioniq 7, a large SUV. Additionally, Hyundai Motor Group’s new EV-focused production plant, Hyundai Motor Group Metaplant America (HMGMA), is slated to commence mass production in the second half of the year, further fueling the growth of electric vehicles in their lineup.
Ashley Song (firstname.lastname@example.org)