Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
AI is driving down the price of knowledge – universities have to rethink what they offer 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
6 simple questions to tell if a ‘finfluencer’ is more flash than cash 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
How to support someone who is grieving: five research-backed strategies 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Canada’s local food system faces major roadblocks without urgent policy changes 
Genesis, Hyundai Motor Co.'s luxury brand, is poised to hit a million sales just under eight years after its 2015 launch, outpacing industry norms. Meanwhile, Hyundai secures a strategic EV partnership in China with NaaS.
As of last month, the automaker has sold 983,716 units worldwide, with 682,226 sold domestically and 301,490 sold internationally. With an average monthly sales volume of around 20,000 units, reaching the million mark is almost guaranteed for Genesis this month.
Launched in November 2015 as South Korea's first premium car line under the guidance of Hyundai Motor Group Chairman Chung Eui-sun, Genesis had faced skepticism due to concerns about cost-effectiveness. However, the brand proved its mettle and eased such fears with its stellar performance.
Moreover, Genesis' share of Hyundai Motor's global sales has surged from 1.2% in 2016 to an impressive 5.4% in the first quarter of this year. Comparatively, Lexus, the luxury brand of Japan's Toyota, took 32 years to exceed 5% of its company's sales after its launch in 1989, making Genesis' growth all the more remarkable.
Among the Genesis models, the best-selling one is the semi-large sedan G80, which has sold an impressive 380,127 units since its launch in July 2016. The luxury SUV GV80 comes in second place with 169,894 units sold, followed by the midsize SUV GV70 with 154,333 units sold.
In other news, Hyundai Motor Group has recently signed a partnership agreement with the Chinese EV charging service provider, NaaS, to bolster its presence in the world's second-largest economy. The Korean automotive giant aims to increase sales of its electric vehicles (EVs) in China, and the collaboration with NaaS will focus on cooperation in EV charging services.
NaaS, established in 2019 as China's pioneer specialized EV charging service information company, boasts substantial information on 55,000 charging stations and 400,000 charging points across China.
Notably, the company made waves in March when it unveiled its autonomous EV charging robot and actively engaged in developing innovative EV charging-related services. This marks a significant move for Hyundai Motor Group as it continues to expand its foothold in the global automotive market and make strides in the EV segment.
Photo: Hyundai Motor Group/Unsplash
