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

Electrek

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.

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

Electrek

A new low-cost Hyundai EV will be revealed later this month. Hyundai is teasing the first images of its new INSTER EV ahead of its official debut at the Busan International Mobility Show. 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?

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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.

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Hyundai INSTER is an affordable electric crossover with 355 km range

Electric Cars Report

South Korean automaker Hyundai unveiled the all-electric INSTER, a new A-segment sub-compact EV offering unique design, segment-leading driving range and versatility, and advanced technology at the 2024 Busan International Mobility Show.

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Hyundai teases first images of affordable all-electric INSTER

Electric Cars Report

Hyundai Motor Company today unveiled the first official teaser images of its new A-segment sub-compact EV: INSTER. INSTER is derived from “intimate” and “innovative”, with the name of Hyundai’s new sub-compact EV also reflecting the evolution from the Korea-only, petrol-powered CASPER, introduced in 2021.

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Kia surprisingly tops Hyundai in market value with affordable EVs rolling out

Electrek

For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. Kia is now South Korea’s fifth most-valued stock at $31 billion (41.3 trillion won).

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Nissan LEAF and Ariya top most affordable EVs in Q1 as Hyundai, Tesla, Toyota close in

Electrek

Electric vehicle prices have come down significantly, with the top five most affordable EVs in Q1 all selling for under $41,000. Two Nissan EVs topped the list, while Hyundai, Tesla, and Toyota electric models rounded out the top five.