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Second-generation Kia Niro debuts in hybrid, PHEV and EV variants

Green Car Congress

The all-new Kia Niro CUV made its North American debut at the New York International Auto Show. The 2023 Niro will launch in the United States with three electrified powertrains: hybrid electric (HEV), plug-in hybrid (PHEV) and all-electric (EV). All Niro models are front-wheel-drive. The Niro HEV features a 1.6-liter

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

Teslarati

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. 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.

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Kia reveals plans for an all-new modular vehicle at CES 2024

Teslarati

Kia revealed its plans to release an all-new modular vehicle at CES 2024. At CES 2024, the automaker presented the Kia Concept PV5. The Kia Concept PV5 is a modular van based on videos of the vehicle. Kia’s presentation revealed that the Concept PV5 is a versatile van with many uses, including ride-sharing services.

Kia 105
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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. based battery plant.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

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Hyundai finds new materials partner to improve EV battery and motor performance

Baua Electric

Hyundai taps Toray for new EV materials Hyundai Motor announced a strategic partnership with Toray Industries on Thursday, a leader in carbon fiber and composite material tech. Hyundai Motor Group aims to leverage this strategic partnership to strengthen its position as a global leader in mobility solutions,” Song explained.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09 Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Meanwhile, the German automaker reported an operating profit of $4.94

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