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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. Hyundai Motor, including Kia, generated a record over $9 billion (KRW 12.27 In the US, Hyundai shattered its sales record for the third year in a row.

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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 Hyundai’s IONIQ EV brand sales are up 42% YOY as of May.

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Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

in March as several automakers, including Hyundai and Ford, saw electric car sales surge. Big price cuts and lease deals boosted demand in the first quarter, as automakers are divided on which way the market goes from here. Ford had triple-digit EV registration growth, claiming the number two spot.

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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. The Korean automakers surged past Ford and GM with stylish, functional EVs built for the modern era. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 The EV leader captured 4.2%

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Hyundai IONIQ 5 sales are on fire in the US, setting another record in May

Baua Electric

If you’re seeing more electric Hyundai SUVs out and about, it’s not just you. Hyundai Motor America sold a record number of IONIQ 5 models in May as EV sales continue trending higher. 4, Ford Mustang Mach-E, Chevy Bolt EV, Tesla Model 3, and Tesla Model Y. In April , Hyundai sold 3,702 IONIQ 5s, up 59% YOY.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

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