Hyundai’s second-quarter revenue increased 17.4 percent compared to the previous year.
Hyundai’s operating profit rose 42.2 percent to $3.3 billion, according to the company’s statement.
Hyundai’s period operating profit margin, on the other hand, increased to 10 percent, reaching its highest level since the second quarter of 2013. Net profit was $2.6 billion, up 8.5 percent.
Continuing to rise in sales as well as revenues, Hyundai sold 1 million 59 thousand 713 units worldwide with an increase of 8.5 percent compared to the previous year.
Sales in markets outside Korea increased by 7.6 percent to 854 thousand 210 units, while sales in Korea increased by 12.7% to 205 thousand 503 units.
Increasing its graphics especially with SUV and Genesis models, Hyundai sold approximately 78 thousand EV vehicles with an increase of 47 percent compared to the previous year.
In addition to rising inflation and raw material costs, Hyundai wants to secure profitability and meet its annual targets with more SUVs and luxury models despite fluctuations in interest rates.
Hyundai has set its sights on leadership, especially in the EV segments, by increasing the sales of the World Car of the Year-WCOTY award-winning IONIQ 5 and IONIQ 6. In addition, the company will continue to strengthen its position by launching more models, including the Hyundai Kona Elektrik, which will also be available in Turkey in the last quarter of the year.
The Genesis GV60, GV70, G80 EV and GV70 EV will also aid the brand’s increasing sales chart in markets around the world.
The fifth-generation SANTA FE, whose world premiere will take place next month, will also doping for SUV sales.