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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. Perhaps, more importantly, you can charge Hyundai’s electric sedan (10% to 80%) in as little as 18 minutes with 800V DC fast charging.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. The IONIQ 5 was the sixth best-selling EV in the US last year, topping the Rivian R1S and Ford F-150 Lightning. After a record 2023, Hyundai and Kia are not slowing down this year. trillion) in profits last year.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Ford, for example, recently cut 3,000 highly-paid salaried and contract workers as a down payment to help fund the transition to EVs. Ford CEO Jim Farley has said , employee cuts are necessary as Ford has “too many places in some places, no doubt about it. Ford is not alone. Mercedes-Benz says it will be investing €1.3

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