Hyundai Motor Company and Kia are on the rise from the early trading session. This is interpreted as an expansion of investor sentiment following news that sales in the U.S. increased in May.
As of 9:05 a.m. on the 4th, Hyundai Motor is trading at 262,500 KRW, up 3.75% (9,500 KRW) from the previous trading day. Kia is showing 120,600 KRW, up 2.46% (2,900 KRW) from the previous trading day.
Hyundai Motor and Kia's U.S. sales subsidiaries announced on the 1st that their sales in May this year were 78,485 units and 75,156 units, respectively.
Hyundai Motor's May sales increased by 12% compared to the same period last year. It is the highest level ever recorded for May sales. The Ioniq 5 and Santa Fe HEV achieved record-high sales.
During the same period, Kia's May sales increased by 5.1%. The electric vehicle EV9 sold 2,187 units, marking the highest monthly sales ever. Kia's electric vehicle sales increased by 127% year-on-year to 7,197 units due to the increase in EV9 sales. As a result, it achieved the highest monthly electric vehicle sales in history.
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