Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS

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Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS - Korea Economic Daily

Quick Summary:

South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, an advanced innovation hub in Asia, more than doubled in the first half of this year from a year earlier, driven by its electric vehicles such as the IONIQ 5.

HMGICS, HYUDAI’S R&D CENTER-CUM-PRODUCTION FACILITYHyundai Motor attributed its strong first-half vehicle sales to the Hyundai Motor Group Innovation Center Singapore (HMGICS), one of the carmaker’s innovation labs worldwide.which opened last November in the Jurong district of western Singapore, also serves as an electric vehicle manufacturing facility.

Citing data from Singapore’s Land Transport Authority (LTA), the Korean automotive group said new vehicle registrations in the Asian country of its two automaking units – Hyundai Motor Co.and Kia Corp.– reached 1,557 units in the January-June period, up 106% from a year earlier.