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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 says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 A study by the Center for Automotive Research estimated that Hyundai’s investments in Georgia will create about 40,000 jobs and result in $4.6

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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 undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

With a new special cash offer, the 2024 Hyundai IONIQ 6 can be significantly cheaper to buy than the upgraded Tesla Model 3 Highand. Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. It’s essentially like receiving the full EV tax credit with a new purchase. 305 $51,265 SE Dual Motor AWD 77.4

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023. billion EV and battery plant in late October.

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Hyundai sets massive sales growth target propelled by new EV offerings

Teslarati

Hyundai has announced that it aims to grow auto sales by 10% this year alone. Over the past two decades, Hyundai Motor Group has become a sizable competitor in the automotive industry. It is now a leader in affordable offerings and electric vehicles, along with the likes of Ford. Hyundai has good reason to be optimistic.

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