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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. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. trillion) in profits last year.

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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. And that’s including gas-powered cars.

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars.

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Hyundai teases its new INSTER EV for the first time, the latest affordable electric car

Baua Electric

A new low-cost Hyundai EV will be revealed later this month. The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US? Hyundai Motor, including Kia, accounted for 11.2% The Hyundai INSTER EV is an evolution of the gas-powered CASPER model sold in Korea.

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Jeep is launching a $25,000 EV in the US ‘very soon’ to revamp the rugged SUV brand

Baua Electric

Another low-cost electric vehicle is headed to the US. A $25,000 Jeep EV is coming to the US soon Jeep’s first fully electric vehicle for the US will officially debut this week. Meanwhile, the rugged SUV brand is already planning a more affordable EV model. A Wrangler-inspired electric Recon model will follow. “If

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BYD sold over 360,000 Seagull EV models in under a year as its cheapest electric car

Baua Electric

After selling nearly 35,000 Seagull models in March, cumulative sales of BYD’s cheapest electric car topped 360,000. BYD sells over 360,000 units of its cheapest electric car BYD launched the Seagull on April 26, 2023. It was initially available in three trims, starting at $10,200 (RMB 73,800), its cheapest electric car.

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Update: Top 10 Electric Cars

Clean Fleet Report

2021 Is Here: Here Are the Top 10 Electric Car Companies. Picking the Top 10 electric car makers now involves making some choices as the number of vehicles available increases. Almost two-thirds of the battery electric cars sold in the U.S. The electric “Mustang” is already making an impression with consumers.