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Hyundai, Kia China sales fall 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 sales plunging 47 percent and Kia down 31 percent year-on-year, according to data from the China Passenger Car Association (CPCA) analyzed by Hana Securities. Yonhap reports the combined market share dropped to 0.6 percent. Korean media describe the automakers' position in China as "narrowing," with Dong-A Ilbo noting their electric vehicle ranking in Europe has also slipped, while Business Korea reports Chinese automakers' combined European market share has surpassed that of Hyundai and Kia.
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