Hyundai sells more than 16,000 BEVs in July 2022, Ioniq 5 accounts for over 50%

South Korean manufacturer Hyundai Motor Company has reported retail sales of more than 16,000 BEVs (Hyundai and Genesis brands) for the month of July this year, with the Hyundai Ioniq 5 accounting for over half of those sales.

Hyundai and its sister luxury brand Genesis sold 325,999 vehicles worldwide in the month under review. The figure represents an increase of 4 per cent year-over-year. During the first seven months of 2022 (January through July), the manufacturer sold 2,205,294 units, down 5.9 per cent year-over-year.

Retail sales of electric cars of the two brands surpassed the mark of 16,000 units. The all-electric Hyundai Ioniq 5 compact crossover SUV accounted for a total of 8,842 units sold in the month under review.

If we take the wholesale shipments into account, the figures change slightly. The combined wholesale shipments (closely related to production) of the two brands plug-in cars amounted to 19,172, up 31 per cent from the corresponding period of 2021. It also represents nearly 6 per cent increase in the company’s total wholesale volume.

More precisely, wholesale shipments volume by powertrain type jumped 43 per cent to 15,960 units for BEVs, and decreased 8 per cent to 3,212 units for PHEVs. The total number of plug-ins settled at 19,172 units, up 31 per cent year-over-year. FCV shipments grew only 2 per cent to settle at 602 units.

So far this year, wholesale shipments of Hyundai’s plug-in electric cars amounted to more than 115,000, up 45 per cent year-over-year. YTD sales by powertrain type includes 87,860 units of BEVs (up 51 per cent), and 27,597 units of PHEVs (up 28 per cent). The total number of YTD plug-in sales jumped 45 per cent to 115,457 units. Sales of FCVs slipped 2 per cent to 5,634 units.

With sales of more than eight thousand units, the Hyundai Ioniq 5 electric SUV emerged as the top model in the brand’s EV lineup. The Ioniq 5 accounted for 8,842 sales (53,526 YTD); while sales of the Kona Electric, Tucson PHEV, Santa Fe PHEV, IONIQ Electric, and the IONIQ Plug-In have been reported at 4,529 units (29,637 YTD), 2,868 units (20,378 YTD), 174 units (5,116 YTD), 792 (4,589 YTD) and 170 (2,103 YTD), respectively.

In the case of luxury brand of Genesis, wholesale shipments of the all-electric E-GMP-based GV60, GV70 EV and G80 EV amounted to 1,753 (over 10,000 YTD), with sales of the GV60 BEV reaching 1,049 units last month and 6,244 YTD.