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[THE INVESTOR] South Korea’s major automakers are seeking to expand sales of their eco-friendly vehicles to other countries this year, local news reported Monday.
Hyundai Motor plans to sell its Ioniq Hybrid in the U.S. and European markets in the second half of this year.
Hyundai’s latest green car boasts fuel efficiency of 22.4 kilometers per liter and it is likely to compete with the Toyota Prius, the market leader of hybrid vehicles.
Ioniq Electric, the automaker’s first electric vehicle under the lineup of its eco-friendly car brand Ioniq, touts an official driving range certification of 191 kilometers on a single charge, the longest mileage for an electric vehicle here.
Hyundai also began producing the hybrid model of its Sonata midsize car at its factory in Beijing in May, targeting Chinese consumers who are becoming interested in green cars.
Kia Motors, which is owned by Hyundai Motors, is also targeting the green car market with its hybrid compact sport utility vehicle Niro.
Niro, which has begun exports to Europe, has sold 2,309 units abroad as of May. The carmaker plans to expand exports of Niro to the Middle East within this year and to Latin America by early next year.
Niro boasts fuel efficiency of 19.5 kilometers per liter, one of the best among SUVs here.
The company’s K5 Hybrid and K5 plug-in hybrid model will also expand into the global market by end of this year, Kia said.
“We will develop 28 new green cars by 2020 and become No. 2 in the global green car market,” said Kwon Moon-sik, Hyundai Motor Group’s vice chairman at the Busan Motor Show in June.
By Ahn Sung-mi (sahn@heraldcorp.com)
Hyundai Motor plans to sell its Ioniq Hybrid in the U.S. and European markets in the second half of this year.
Hyundai’s latest green car boasts fuel efficiency of 22.4 kilometers per liter and it is likely to compete with the Toyota Prius, the market leader of hybrid vehicles.
Ioniq Electric, the automaker’s first electric vehicle under the lineup of its eco-friendly car brand Ioniq, touts an official driving range certification of 191 kilometers on a single charge, the longest mileage for an electric vehicle here.
Hyundai also began producing the hybrid model of its Sonata midsize car at its factory in Beijing in May, targeting Chinese consumers who are becoming interested in green cars.
Kia Motors, which is owned by Hyundai Motors, is also targeting the green car market with its hybrid compact sport utility vehicle Niro.
Niro, which has begun exports to Europe, has sold 2,309 units abroad as of May. The carmaker plans to expand exports of Niro to the Middle East within this year and to Latin America by early next year.
Niro boasts fuel efficiency of 19.5 kilometers per liter, one of the best among SUVs here.
The company’s K5 Hybrid and K5 plug-in hybrid model will also expand into the global market by end of this year, Kia said.
“We will develop 28 new green cars by 2020 and become No. 2 in the global green car market,” said Kwon Moon-sik, Hyundai Motor Group’s vice chairman at the Busan Motor Show in June.
By Ahn Sung-mi (sahn@heraldcorp.com)
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Articles by Korea Herald
