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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. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

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 from Boston Consulting Group , the Hyundai IONIQ 6 is the only EV on the market that meets potential buyers’ median price, range, and charging targets.

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Ford and Sollers sign MoU to establish a JV in Russia

Green Car Congress

Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Ford began producing cars in Russia in 2002.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Ford, for example, recently cut 3,000 highly-paid salaried and contract workers as a down payment to help fund the transition to EVs. Ford CEO Jim Farley has said , employee cuts are necessary as Ford has “too many places in some places, no doubt about it. Ford is not alone.

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