(ANN/KOREA HERALD) – Exports of hybrid cars by Hyundai Motor Co. and its affiliate Kia Corp. jumped 35.2 per cent on-year in the first seven months of this year, industry data showed last 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 data from the Korea Automobile & Mobility Association.
Hyundai Motor, in particular, saw its exports of hybrid vehicles soar 58.3 per cent 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.
