Shulou(Shulou.com)11/24 Report--

April 25 news, according to foreign media reports, Hyundai Motor today has announced first-quarter results, revenue reached 37.78 trillion won (CTOnews.com Note: currently about 195.323 billion yuan), a year-on-year increase of 24.7%, operating profit is a year-on-year increase of 86.3% to 3.59 trillion won (currently about 18.56 billion yuan).

According to Hyundai, they sold 1021712 cars worldwide in the first quarter, up 13.2 per cent from a year earlier, including 830665 in overseas markets, up 10.7 per cent from a year earlier, and 191047 in South Korea, up 25.6 per cent from a year earlier.

Although Hyundai disclosed in its financial results that its first-quarter sales soared, mainly due to an increase in car production after a stable supply of chips and other components, according to their news, the sharp increase in electric vehicle sales is also an important factor in their year-on-year increase in sales.

According to Hyundai, they sold nearly 66000 electric vehicles worldwide in the first quarter of this year, up 48% from a year earlier, much higher than the year-on-year growth rate of their overall sales.

However, compared with the manufacturers who are at the forefront of the industry in electric vehicles, Hyundai still has a big gap. In the first quarter of this year, Tesla produced 440800 electric vehicles and delivered more than 420000 to consumers, while BYD's production and sales of pure electric passenger vehicles also exceeded 260000 in the first quarter.

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