Skip to main content

Hyundai Motor and Kia Motors get hybrid car sales

Tinuku ~ Hyundai Motor and Kia Motors get the eco-friendly car sales moment. Data released by the two auto maker giants on Monday June 5 had total accumulated sales of 514,759 hybrid cars including plug-in hybrids as a step towards future mobility technology.

Tinuku Hyundai Motor and Kia Motors get hybrid car sales

Hyundai Sonata hybrid's best-selling hybrid model with 207,299 units of global sales was first released in May 2011. Kia Motors's medium-sized hybrid version is in second place with 111,644 units. The third list is Niro hybrid Kia SUV with total of 87,992 units despite being released in March 2016.

Hybrid cars run using combustion engines and electric drive systems that emit less pollutant than traditional cars, while hybrid vehicles plug-in using combustion engines, electric motors and rechargeable batteries.

"Hybrid car sales continue to rise along with rising awareness of the future lifestyle. Economic benefits provided by the government and fuel efficiency are also decisive factor of improvement," said a spokesman for Hyundai Motor.

A wide range of benefits are offered to hybrid car owners in several countries including 1 million won (US$893) cash subsidy provided by the South Korean government and 50 percent discount when using public parking.

Sonata hybrid and K5 hybrid are also ranked second most popular hybrid models in the domestic market, each selling 63,352 units and 37,351 units.

The hybrid version of Hyundai Grandeur sedan in third with 34,829 units reflects the excellence of the model amid the growing popularity of full-size hybrid sedans such as the Kour Grande sedan and large size.

Hyundai IONIQ hybrid and Kia SUV Niro hybrid introduced last year adds total of six hybrid models made in the country to the world including hybrid versions of Sonata, K5, Grandeur and K7.


Popular posts

Norwegian Coastal Administration prepare Stad Ship Tunnel construction to cut shipping lanes Stad peninsula

Tinuku ~ Norwegian Coastal Administration has begun Stad Ship Tunnel construction as the world's first ship tunnel to navigation bypass at Norway windy sea. A design made 1,700 meters long tunnel through the hills on the Stad peninsula which allows the ship to escape from one of the most dangerous region in the world.

PayPal acquired Sweden's for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…

Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…