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Kia goes full throttle on EVs despite demand concerns

Teslarati

Kia is prepared to fully invest in electric vehicles (EVs), despite growing concerns of slowing demand for EVs. During Kia’s CEO Investor Day event, the Asian carmaker announced plans to sell 3.2 Kia ultimately aims to boost its global EV sales to 4 million by 2027 and 4.3 million EVs in the global market in 2024.

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Hyundai Motor to use solar energy to power Georgia Metaplant

Teslarati

South Korean automaker Hyundai Motor Group signed a 15-year power agreement with Spain’s Matrix Renewables to power the electric vehicle (EV) plant. Hyundai invests more in Georgia to produce hybrids Hyundai’s Metaplant in Georgia was initially supposed to be a dedicated factory for EV production. Despite discussing a slowdown in U.S.

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Electric Shock! Kia to launch 15 EVs in next three years as it doubles down on electrified vehicles

EV Central

While the Tasman ute is the focus of Kia’s promotion in Australia, globally the brand has announced it will roll out 15 new EVs from now until 2027 as well as six new hybrids in 2024 alone. Kia is also touting the EV5 in that group, but it’s already been unveiled in Australia and goes on-sale mid-year.

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Hyundai confirms dedicated US EV plant will make hybrids too

Baua Electric

Hyundai will add production of hybrid models at its Georgia Metaplant scheduled to open later this year, CFO Lee Seung Jo said during a recent earnings call. ” 2024 Hyundai Sonata Hybrid Exactly how that planned expansion of hybrid trims will specifically apply to the U.S.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09

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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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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 In 2019, the Group signed an agreement with Cummins Inc.

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