Inovev forecasts 50,000 units per year of the new Genesis GV60

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Inovev forecasts 50,000 units per year of the new Genesis GV60

- The Genesis brand, a premium subsidiary of Hyundai-Kia group, like Lexus for Toyota or Infiniti for Nissan, presented the fifth model in its range, after the G70, GV70, G80, GV80 and G90. The GV60 (C-segment) is located below the GV70 (D-segment) and GV80 (E-segment). It is therefore an SUV in the terminology of the carmaker.


- The sedans are named G70 (D segment), G80 (E segment) and G90 (F segment). What is missing today is a C-segment sedan that could be called G60 and be in the same segment as the Lexus CT.


- Unlike the brand's other models, the Genesis GV60 SUV is powered by an electric motor. This is Genesis’s first all-electric model and arguably not the last. It is based on the E-GMP platform used in particular by the recent Hyundai Ioniq 5 and Kia EV6, and which will be used on all future 100% electric models of the Korean group. The GV60's battery is expected to provide between 450 km and 500 km of range according to the WLTP cycle.


- But the aesthetics of the Genesis GV60 stand out sharply from that of its cousins Hyundai and Kia, as if the group that owns the three brands wanted to give each of them a specific style.


- The Genesis GV60 will be produced in South Korea alongside the GV70 and GV80 at the Asan site. Inovev expects 50,000 annual sales of this model which will be in a way the premium version of the Hyundai Ioniq 5 and Kia EV6. Sales forecasts for the Ioniq 5 and EV6 had been set by Inovev at 75,000 units per year for each of these two models. 



    
 

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Inovev plans 100,000 units per year of the new Kia EV4

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Inovev plans 100,000 units per year of the new Kia EV4
- First appearing in 2008, the Kia Soul was a small MPV available with gasoline and diesel engines. When it was renewed in 2014, the Kia Soul was still available in gasoline and diesel engines, but the carmaker added a 100% electric version, presented two years after the Renault Zoe, which in 2012 opened up the European electric market. This version only represented a small portion of Soul sales at the time.

- The third generation of the Kia Soul launched in 2018 abandons the diesel engine but retains the gasoline and electric engines. The latter takes an increasingly important place in the range, so that the versions exported to Europe are gradually becoming predominantly 100% electric.

- The Kia EV4, which will succeed to the Soul in 2022, will only be 100% electric model. It is in the Kia range under the EV6, presented in recent months. Taking the body style of the Soul, it is now a 4.30 m long SUV (10 cm longer than the Soul) competing with the Mercedes EQA, Audi Q4 and Volvo C40. Based on the E-GMP platform used across the full range of all-electric Kias known as EV, the EV4 will be the shortest of the proposals on this platform, as future EV5, EV6 and EV7 models launched next year will be larger. The battery capacity is available in two versions: 58 kWh and 77.5 kWh.

- Inovev expects a sales volume of 100,000 units per year of the Kia EV4 to be produced in South Korea, like all Kia EVs. It would be the best-selling of all the Kia Evs.


    
 

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Breakdown of PHEV sales by country in Europe (Q1-2021)

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Breakdown of PHEV sales by country in Europe (Q1-2021)
- Over the first six months of 2021, European sales of plug-in hybrid electric vehicles (PHEVs) increased by 200.4% compared to the first six months of 2020, according to the latest figures communicated by ACEA, totalising 537,212 units against 178,842 units the previous year. These sales represent 8.4% of the European passenger car (PC) market in the first half of 2021. It should be noted that this analysis is carried out on 30 European countries, that is to say the 26 of the European Union, plus the United Kingdom, Switzerland, Norway and Iceland.

- When we analyse the sales by country in Europe, we see that the countries located in Eastern Europe, more precisely those which joined the European Union the latest, are much less demanding of these vehicles than other countries located in Western Europe. They only represent 1.7% of PHEV sales in Europe in 2020 (10,519 units), while all engines combined, these countries represent 9.7% of the European passenger car market.

- In the first half of 2021, they represented 1.8% of PHEV sales in Europe (9.6% all engines combined), or 9,843 units, recording an increase of 175% compared to 2020, but these figures are still very distant of those recorded by PHEVs in Western Europe (9.1%).


    
 

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Breakdown of BEV sales by country in Europe (Q1-2021)

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Breakdown of BEV sales by country in Europe (Q1-2021)
- Over the first six months of 2021, European sales of battery electric vehicles (BEVs) increased by 127.3% compared to the first six months of 2020, according to the latest figures released by ACEA, meaning 503,411 units against 221,514 units in the first half of the year. These sales represent 7.9% of the European passenger car market in the first half of 2021. It should be noted that this analysis is carried out on 30 European countries, that is to say the 26 of the European Union, plus the United Kingdom, Switzerland, Norway and Iceland.

- The analysis of the sales by country in Europe, shows that the countries located in Eastern Europe, more precisely those which joined the European Union the latest, are much less demanding of these vehicles than other countries located in Western Europe. They only represent 2.4% of BEV sales in Europe in 2020 (17,657 units), while all engines combined, these countries represent 9.7% of the European passenger car market.

- In the first half of 2021, they represented 3.9% of BEV sales in Europe (9.6% all engines combined), or 19,872 units, marking a slight improvement compared to 2020. But these figures are still very far from those registered by BEVs in Western European countries (8,3%).


    
 

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Breakdown of HEV sales by country in Europe (Q1-2021)

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Breakdown of HEV sales by country in Europe (Q1-2021)
- Inovev has analysed full hybrid vehicle (HEV) sales in 21 major European markets, including the UK, Switzerland and Norway. Inovev based this analysis on its own collected data, unlike the analyses on BEVs and PHEVs, carried out using data provided by ACEA. Indeed, on the sales of HEVs, the ACEA includes models equipped with mild-hybrid technology (or 48V), which has the effect of "inflating" the sales volumes of HEVs. However, for Inovev, the technology of mild-hybrids and full-hybrids cannot be put at the same level.

- Therefore, over the cumulative first six months of 2021, European sales of hybrid cars increased 68.8% compared to the first six months of 2020, totalising 322,822 units against 191,231 units the previous year. These sales represent 5.4% of the European passenger car (PC) market in the first half of 2021.

- The analysis by brand in Europe shows that Toyota and Lexus represent three quarters of HEV European sales (240 000 units including 220,000 Toyota and 20,000 Lexus), the remainder being divided between Renault (38,000 units), Hyundai-Kia (20,000 units), Honda (19,000 units), Suzuki (2,000 units) Land Rover (2 000 units) and Ford (1,000 units). The best-selling hybrid model in Europe over the first six months of 2021 is the Toyota Yaris with 70,000 sales ahead of the Corolla (54,000 units), the CHR (51,000 units) and the RAV4 (38,000 units).

- The European countries that buy the most hybrid vehicles are France, Great Britain, Italy and Spain, while Germany, which buys a lot of BEVs and PHEVs, buys proportionately few HEVs. This would be because Germany is not a small car market and therefore Yaris Hybrid, Renault Clio Hybrid, Hyundai Kona Hybrid, Honda Jazz Hybrid are not in great demand in this country. In contrast, France, Italy and Spain are markets for small cars like the Yaris or the Clio.


    
 

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