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Hyundai, Kia China sales drop below 10,000 units
Hyundai Motor and Kia's combined retail sales in China fell below 10,000 vehicles in September for the first time this year, with Hyundai's sales plunging 47 percent and Kia's dropping 31 percent year-on-year, according to industry data reported by Yonhap and the Korea Times. Their combined market share in China has fallen to 0.6 percent, as analyzed by Hana Securities and the China Passenger Car Association (CPCA). Korean media, including Chosun Ilbo and Dong-A Ilbo, highlight the automakers' deepening struggles in China, noting their position is also weakening in Europe, where their electric vehicle market share ranking has slipped and Chinese automakers have overtaken them.
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