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

Baua Electric

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? Last month, Hyundai sold over 17,000 EVs globally , maintaining its momentum. Hyundai Motor, including Kia, accounted for 11.2% Kia’s EV3 is expected to start at around $30,000 to $35,000.

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Electric Shock! Kia to launch 15 EVs in next three years as it doubles down on electrified vehicles

EV Central

While the Tasman ute is the focus of Kia’s promotion in Australia, globally the brand has announced it will roll out 15 new EVs from now until 2027 as well as six new hybrids in 2024 alone. Kia is also touting the EV5 in that group, but it’s already been unveiled in Australia and goes on-sale mid-year. Kia Concept EV3.

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Hyundai Motor Group and Seoul National University open joint battery research center; focus on Li-metal and solid-state

Green Car Congress

Hyundai Motor Group announced the inauguration of its Joint Battery Research Center with Seoul National University (SNU). This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. Hyundai Motor will invest KRW 9.5

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Hyundai Motor to enter hybrid vehicle segment in India in 3 years | Autocar Professional

Baua Electric

Hyundai Motor India, the second largest car maker in the country, is set to enter the hybrid vehicle segment in the coming three years. Hyundai Motor India is likely to bring in the hybrid powertrain alternatives in its mid-size SUVs in the future. Globally too Hyundai Motor is pushing for hybrids.

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Hyundai to release Genesis GV90 EV by late 2025

Teslarati

The South Korean automaker plans to start manufacturing the Genesis GV90 by December 2025 , people familiar with the matter told KED Global. Hyundai and Kia—another Hyundai Motor Group brand—electric vehicles are built on the Electric-Global Modular Platform (E-GMP).

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