Remove Affordable Remove Electrical Remove Ford Remove Kia
article thumbnail

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

Electrek

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.

Kia 131
article thumbnail

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

article thumbnail

Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

Kia 52
article thumbnail

Ford CEO Said Chinese Automakers Represent An "Existential Threat"

The Truth About Cars

Following a recent trip to China, which involved driving locally-produced vehicles, Ford CEO Jim Farley shared his thoughts, expressing concern that Chinese automakers have progressed into an “existential threat.” Farley and Ford CFO John Lawler spoke after the drive, with Lawler noting that “these guys are ahead of us.”

Chinese 104
article thumbnail

Ford Puma EV coming to Australia in 2024 as new affordable electric SUV

EV Central

The Ford Puma EV will be coming to Australia in 2024, adding a new compact SUV to the affordable end of the electric car market. When it comes to our story on electrification, another entry we’ll be adding … is Puma,” said Birkic at the media launch of the E-Transit electric van. “We We will be bringing in a BEV Puma.”

article thumbnail

Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

Kia 52
article thumbnail

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

Baua Electric

After a record 2023, Hyundai and Kia are not slowing down this year. With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. trillion) in profits last year.

Kia 52