Hyundai and Kia have reported longer wait times for vehicle deliveries in May. Notably, the Kia EV6 has seen its wait time extend from 16 months to 18 months, while the Grandeur Hybrid now takes 9 months and the Ioniq 5 requires 12 months. As a result, the backlog of domestic orders has surpassed 1 million vehicles, attributed to the ongoing semiconductor supply crisis.

The Kia EV6, which won the European Car of the Year award, continues to attract bookings, but its delivery period has increased by two months compared to last month, now standing at 18 months. The Hyundai Ioniq 5 and Genesis GV60 also maintain a wait time of 12 months. Delays persist for hybrid models as well, with the Grandeur Hybrid’s wait extending from 8 months to 9 months.

Ultimately, the expected delivery dates for Hyundai and Kia's electric and hybrid vehicles in May have lengthened compared to April. The semiconductor supply crisis shows no signs of improvement, and the lockdown in Shanghai has exacerbated shortages of wiring harnesses. As a result, the company has expanded its supply chain for wiring harnesses to Vietnam and Cambodia, while airbag control units are now sourced from Canada.

Delivery delays primarily focus on electric and hybrid vehicles. Demand remains high, but the shortage of semiconductor components for engines is significant. Although the wait time for the Niro Hybrid has decreased from 11 months to 10 months, most models have seen longer wait times, compounded by a shortage of products from speaker manufacturers.

The Sportage Hybrid and Sorento Hybrid now take over 18 months, while the K8 Hybrid requires more than 12 months. The Santa Fe Hybrid and Tucson Hybrid both have a wait time of 12 months, and the Avante Hybrid has increased its wait time to 12 months. Electric models like the Ioniq 5 and Genesis GV60 also exceed a wait time of 12 months, while the Genesis G80 electric vehicle has a wait time of 6 months. Hyundai and Kia have accumulated over 1 million unfulfilled domestic orders due to production delays.

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Hyundai's domestic and international sales last month totaled over 308,000 units, marking an 11.6% decline compared to the same period last year. Domestic sales dropped by 15.4%, while international sales fell by 10.6%. Kia also experienced a decrease of 5.8%, selling over 238,000 units during the same timeframe. Despite ongoing production shortages and declining sales, Hyundai and Kia's outlook for the year remains positive. Efforts to develop alternative components and expand supply chains, along with increased semiconductor production, suggest a potential acceleration in normalizing supply. Hyundai aims to minimize the impact of supply delays through adjustments in semiconductor allocation and production schedules. However, addressing the semiconductor supply crisis remains the most crucial factor.