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Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. One of them, the Kia EV3, is expected to launch by the end of the year.

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Hyundai introduces trade-in program in Korea to encourage transition from ICE cars to EVs

Baua Electric

The move is designed to encourage shoppers to go electric with discounts on new Hyundai EVs when turning in used gas-powered cars. Meanwhile, Hyundai’s upgraded Kona Electric is rolling out as one of the most affordable EVs on the market. The new Hyundai Kona features more range, faster charging, and an upgraded design.

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Rivian Q1 income to mirror manufacturing facility downtime

Baua Electric

.” The automaker could also be operating on its nearest car platform, referred to as R2, which is being designed for extra affordable fashions. Rivian is construction a plant in Georgia to create R2 automobiles settingup in 2026. That’s ailing virtually 90 % from its first life of buying and selling in past due 2021.

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

Teslarati

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. Based on sales data from S&P Global, Hyundai Motor Group is behind big names in the global auto market, including Toyota, Ford, and General Motors. billion electric vehicle factory in Georgia.

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Rivian taps ex-Porsche and Apple vet to lead R2, R3 EV platform development

Baua Electric

Rivian hired former Mercedes-Benz exec Arnehelm Mittelbach in November as its first plant manager for its new Georgia facility, where R2 will be built. Rivian’s COO, Frank Klein, described Materazzo’s experience in auto manufacturing as “second to none.” The upcoming EV will be built at Rivian’s new $5B Georgia manufacturing plant.

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai expects to sell around 300,000 electric cars in 2024, or about 12% growth from last year. Starting at $33,000, the 2024 Kona EV is one of the most affordable electric cars on the market.

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Rivian cuts offer with Tesla for Supercharger get admission to, following Ford, GM

Baua Electric

The Rivian offer is equal to oaths Tesla revamped the endmost pace with Ford and GM, which shocked business witnesses since there was once modest signal that non-Tesla automakers have been able to leave the CCS same old they’ve been the usage of on their electrical cars. Tesla has the largest fast-charge community within the U.S.

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