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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. 305 $51,265 SE Dual Motor AWD 77.4 361 $43,656 SEL RWD 77.4

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Hyundai Motor Group to invest $7.4B in US by 2025 for EVs, smart mobility, enhanced production

Green Car Congress

Hyundai Motor Group (HMG), which includes Hyundai Motor Company and Kia Corporation, plans to invest $7.4 Hyundai and Kia will invest in growing its EV manufacturing footprint to scale production and satisfy US market demands. The Group also will firmly establish its presence in the robotics field through Boston Dynamics.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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Hyundai Motor Group and Aptiv to form autonomous driving joint venture; autonomous platform to be available in 2022

Green Car Congress

Hyundai Motor Group and Aptiv will be forming an autonomous driving joint venture to advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies. As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50% ownership stake in the joint venture, valued at a total of US$4 billion.

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

Baua Electric

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. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV. 305 $51,265 SE Dual Motor AWD 77.4

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Hyundai, Kia Announce Solid-State Battery With Factorial Energy

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Factorial Energy, a Massachusetts-based developer of solid-state battery technology, announced cooperation with Hyundai Motor Co. and Kia Corp last week. Factorial is a company based in Woburn, Massachusetts, just outside of Boston and this is Factorial’s first large automobile strategic investment.

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

Including Kia and Genesis, Hyundai Motor was second, behind only Tesla. Source: Boston Consulting Group) A recent report from Boston Consulting Group found the Hyundai IONIQ 6 was the only EV that met potential buyers’ median price, range, and charging targets. 305 $51,265 SE Dual Motor AWD 77.4