Hyundai Motor sells more than 10 million cars in ChinaHyundai Motor, Korea’s largest carmaker, said Sunday that accumulated sales of its vehicles in China surpassed the 10 million unit mark in 2018.
The milestone was reached 16 years after the company entered the key neighboring country, which has since become the largest market for new cars in the world.
Hyundai first sold the midsize Moinca, a localized version of the Sonata, in the first year, which was followed by the Elantra. By 2008, it had increased its lineup to six, with sales exceeding 1 million units. In 2013, the carmaker said it sold 1 million vehicles in the world’s most populous country, with some 5 million cars being sold overall. Up until 2016, annual car sales exceeded the 1 million mark, although this plunged 31.3 percent on year to 785,000 units in 2017, amid a diplomatic dispute over the deployment of a U.S. missile defense system in Korea.
For 2018, the carmaker said Hyundai sales edged up 0.6 percent from a year earlier to a little over 790,000, with numbers for this year not looking too promising.