Affordable Chinese Hyundai Low Cost 
Baua Electric
APRIL 5, 2024
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. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4
Baua Electric
MARCH 20, 2024
While automakers prepare to launch their next wave of electric vehicles, Hyundai already has an EV that checks all the boxes. According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. 361 $43,656 SEL RWD 77.4
Baua Electric
FEBRUARY 7, 2024
Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. Ford is “secretly” developing a low-cost EV platform Following Tuesday’s Q4 and full-year 2023 earnings results, Farley explained that Ford is adjusting its capital while switching gears to focus on smaller EVs. billion this year.
Baua Electric
APRIL 10, 2024
Kia to launch new low-cost models, including Carens EV During its recent CEO Investor Day , Kia unveiled its new roadmap to becoming an electrification leader. The move comes as Kia looks to fend off low-cost Chinese automakers like BYD. The new models were revealed during Kia’s first annual EV Day in October.
Baua Electric
JANUARY 29, 2024
In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. BYD Atto 3 (Source: BYD) The company, which started as a battery maker, is expanding the brand with affordable EVs like the Dolphin electric hatch and Atto 3 (Yuan Plus in China) SUV.
Baua Electric
JANUARY 5, 2024
According to a local media report, Volkswagen is delaying volume production of the affordable electric car. VW unveiled the affordable ID 2all EV concept last March. While Tesla and others, including Chinese EV makers, continue ramping output, VW’s delay in production could lead to less market share over the next few years.
Baua Electric
MARCH 5, 2024
Ford’s CEO Jim Farley already said if you cannot compete with the Chinese, “then 20% to 30% of your revenue is at risk.” For this reason, Ford is developing a low-cost EV platform to take on new markets and compete with Tesla. Other automakers like Volvo and Hyundai are doubling down with new models launching this year.
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