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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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Kia EV3 sales top 4,000 in its first month on the market

Baua Electric

In its first full sales month, the company sold just over 4,000 EV3 models as the electric SUV hits new markets. The EV3 was first introduced last October as part of Kia’s first annual EV day. The compact electric SUV was showcased alongside other affordable EV concepts, including the EV4 and EV5.

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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.

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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.

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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. Foreign automakers like Toyota, Volkswagen, and GM are struggling to keep up with aggressive price cuts and an influx of new competition. The EV5 shares much of the design and tech from Kia’s larger EV9 but in a smaller, more affordable package.

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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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Kia’s EV sales surged to a new record in the US with affordable, long-range models

Baua Electric

Kia’s EV sales in the US doubled in the first half of the year, hitting a new record. After selling over 5,000 EVs for the third straight month, Kia looks to keep the momentum going in the second half of 2024. Kia sold over 5,000 EVs for the third straight month in June , with 1,905 EV9s and 2,171 EV6s sold.