Hyundai EV sales fall 9% in Q3 despite higher operating profit

Hyundai reported a KRW 2.68 trillion operating profit in the third quarter of 2026, up 5.5% year over year, while its electric vehicle sales fell 9.2% to 69,117 units. Net profit dropped 24.2% to KRW 1.93 trillion, and global wholesale deliveries fell 11.3% to 920,710 vehicles, due to fewer working days and labor strikes that disrupted production. Hybrid sales rose 3.8% to 167,414 units. In the United States, Hyundai posted a record third-quarter total of 246,896 vehicles, but Ioniq 5 sales fell 53%, Ioniq 9 fell 47% and Ioniq 6 fell 96%.…

• Global EV sales: 69,117 units, down 9.2% year over year in Q3 2026.
• Operating profit up 5.5% to KRW 2.68 trillion; net profit down 24.2%.

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