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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. Tesla’s Model 3 was the next closest to hitting the mark.

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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases

Teslarati

Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. It’s not just Toyota either.

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Hyundai, Kia invest additional US$250M in Grab; pilot EV projects

Green Car Congress

Southeast Asia’s leading O2O (online to offline) mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional US$250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., billion raised.

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Experian: US hybrid vehicle market share grew by 41% in 2012 to 3.1%

Green Car Congress

Experian Automotive released findings from an analysis of the US hybrid vehicle segment showing that market share of hybrid vehicles has increased by 40.9% The study also showed that the average amount financed on a hybrid vehicle was $25,807 and the average monthly payment was $461. of all vehicles financed were hybrids, up from 2.3%

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Plugstar continues expansion with Doordash, Kia, and Wells Fargo

Plug in America

Plug In America’s PlugStar electric vehicle dealer training program has greatly expanded in recent weeks with new exciting new programs in partnership with DoorDash, Kia, and Wells Fargo. In the San Francisco Bay Area, PlugStar is partnering with DoorDash to drive and scale up the adoption of EVs among delivery drivers.

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Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

Green Car Congress

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

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SK Innovation to invest $354M to build Li-ion battery separator plant in China

Green Car Congress

This investment will help us build a springboard to become the world’s biggest in terms of wet separator market share, a notch up from the current position as the world’s second largest. in China, a wholly owned subsidiary, to finance the investment in the country. and Kia Motors Corp. —SK Innovation CEO Jun Kim.

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