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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Tesla’s Model 3 was the next closest to hitting the mark.

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John Parker: In his 41-year career at Ford Motor Company, John focused on emerging markets in Asia and Africa, living and working throughout the region before returning to his homeland of Australia.

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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases

Teslarati

Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. It’s not just Toyota either.

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

New incentives can make the 2024 Hyundai Ioniq 6 much cheaper than the newly updated Tesla Model 3, according to CarsDirect. But for those purchasing rather than leasing, the rebate drops the Hyundai’s base price from $38,615 to $31,115. Hyundai already gave the Ioniq 6 a $4,100 price cut for 2024 , versus 2023.

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LG Energy Solution cuts investments after weak earnings

Teslarati

W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. Slowing EV sales are reportedly affecting many automakers including legacy OEMs like Ford or Hyundai and EV manufacturers like Tesla. billion won (US$114 million).

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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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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

We’ll also show you how to save a ton of money by financing your purchase through EV Life. Save Big on Your Auto Loan by Financing with EV Life It’s no secret that the future of personal transportation is electric. No missed savings. Lower monthly payments. Our customers save an average of $10,000 off the purchase price of their EV!