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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 Hyundai’s IONIQ EV brand sales are up 42% YOY as of May.

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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 IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

The first three-row electric SUV from Hyundai will be named the IONIQ 9. Hyundai plans to change the name of the electric SUV from IONIQ 7 to IONIQ 9 as it looks to build off Kia’s success with the EV9. Including Kia and Genesis, Hyundai topped American automakers Ford and GM’s Chevy for second behind only Tesla.

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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 IONIQ 5 sales are on fire in the US, setting another record in May

Baua Electric

If you’re seeing more electric Hyundai SUVs out and about, it’s not just you. Hyundai Motor America sold a record number of IONIQ 5 models in May as EV sales continue trending higher. 4, Ford Mustang Mach-E, Chevy Bolt EV, Tesla Model 3, and Tesla Model Y. In April , Hyundai sold 3,702 IONIQ 5s, up 59% YOY.

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Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

in March as several automakers, including Hyundai and Ford, saw electric car sales surge. Hyundai and Ford see EV registrations surge Hyundai and Ford strengthened their positions in March as EV registrations accelerated. Ford had triple-digit EV registration growth, claiming the number two spot.

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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. The Korean automakers surged past Ford and GM with stylish, functional EVs built for the modern era. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2

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