Kia posts highest-ever profit margin, double Tesla's

Quick Summary:

Electric and hybrid cars and sports utility vehicles, which generate higher margins than internal combustion engine cars, led the profit growth, despite a 1.6% fall in sales volume in the second quarter from the year prior.

Operating profit margins of major carmakers Period Company Operating profit margin (%) Q2 Kia 13.2 Q2 Hyundai Motor 9.5 Q2 General Motors 8.3 Q2 Telsa 6.3 Q2 Ford Motor 5.8 Q1 Mercedes-Benz 10.8 Q1 Toyota 10.4 (Source: Kia) In the April-June quarter, Kia sold 795,183 units, down 1.6% on-year.

Kia's Q2 sales volume dropped 1.6% on-year Total (in units) 795,183 Domestic 138,150 Overseas 657,033 (Source: Kia) EVs and hybrids accounted for 21.4% of its global sales in the second quarter, led by the EV9, Kia’s flagship electric SUV.Hybrids represented 11.7% of Kia’s global sales in the second quarter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: South KoreaChinaIndia

Topics: Hybrid Second Hybrids Profit Growth Margin Quarter Sales First Operating Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 19:30:20 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21783177

View Article Analysis

About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 15 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 1 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions