Hyundai, Kia forecast 12% sales increase in 2022 despite chip shortage

Hyundai Ioniq 5 — The Ioniq 5 compact SUV starts the wave of EV offerings from Hyundai. It is the first vehicle on Hyundai's E-GMP modular electric platform. (Hyundai Motor Company/via REUTERS)

By:

Reuters

January 03, 2022 07:31 AM

SEOUL -- Hyundai Motor and affiliate Kia forecast that their combined global sales will jump 12 percent in 2022, even as last year's sales fell short of target due to the global chip shortage.

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