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Automobiles

Late bloomer Hyundai speeds past BYD in electric vehicle sales

South Korean automaker accelerates into fourth place

The Hyundai Kona electric vehicle is displayed at the New York Auto Show.   © Reuters

SEOUL -- Hyundai Motor, once a perennial also-ran in next-generation autos, has rapidly gained ground against rivals, surpassing Chinese peer BYD to take fourth place in the global electric vehicle market.

The South Korean automaker held an 8% market share in the first quarter of this year, selling 24,000 vehicles, compared with BYD's 6%, according to data from EV Sales.

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