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Hyundai and Kia launch new LFP battery project for lower-priced EVs

Baua Electric

Hyundai and Kia are teaming up to develop LFP battery materials to power up lower-priced EVs. Hyundai and Kia eye cheaper EVs with LFP battery tech Hyundai and Kia launched a new project to develop lithium iron phosphate battery cathode material for future EV models. of global EV battery sales in the second quarter.

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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.

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Hyundai & Kia take second place after Tesla in US EV sales

Teslarati

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which holds the fourth-largest share in the US car market.

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Kia EV5 shows promise in the world’s largest EV market as brand sales top 20,000 again

Baua Electric

Kia is growing in China as most foreign automakers are rapidly losing market share. After launching its new low-cost electric SUV, the EV5, Kia is already seeing the results, as brand sales in China topped 20,000 for the third straight month in August. Kia expects to sell over 230,000 vehicles by the end of 2024 at its current pace.

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Hyundai teases its new INSTER EV for the first time, the latest affordable electric car

Baua Electric

The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US? Last month, Hyundai sold over 17,000 EVs globally , maintaining its momentum. Hyundai Motor, including Kia, accounted for 11.2% Kia’s EV3 is expected to start at around $30,000 to $35,000.

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Hyundai Motor Group and Seoul National University open joint battery research center; focus on Li-metal and solid-state

Green Car Congress

Hyundai Motor Group announced the inauguration of its Joint Battery Research Center with Seoul National University (SNU). This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. Hyundai Motor will invest KRW 9.5

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Electric Shock! Kia to launch 15 EVs in next three years as it doubles down on electrified vehicles

EV Central

While the Tasman ute is the focus of Kia’s promotion in Australia, globally the brand has announced it will roll out 15 new EVs from now until 2027 as well as six new hybrids in 2024 alone. Kia is also touting the EV5 in that group, but it’s already been unveiled in Australia and goes on-sale mid-year. Kia Concept EV3.

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