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

Baua Electric

billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. Source: Boston Consulting Group) Hyundai and Kia already have some of the most affordable and fuel-efficient EVs on the market, including the IONIQ 5, IONIQ 6, and Kia EV6.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable. billion in incentives to the Vietnamese EV start-up VinFast to locate there, while Georgia has provided incentives worth $1.8 North Carolina has provided $1.2 billion to Rivian.

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