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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. The factory ultimately would increase annual EV production in South Korea to 1.44 The factory ultimately would increase annual EV production in South Korea to 1.44

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Hyundai & Kia launch ‘Active Air Skirt’ Tech to enhance EV performance

Teslarati

Hyundai & Kia launch ‘Active Air Skirt’ (AAS) tech to enhance the performance of electric vehicles (EVs). According to the South Korean automakers, their Active Air Skirt technology controls the turbulence in EVs during high-speed driving. Hyundai Motor and Kia have already installed the Active Air Skirt tech in a Genesis GV60.

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Kia set to export this all-electric SUV at a price that undercuts Tesla

Baua Electric

South Korean automaker Kia has started production on its all-electric EV5 SUV for export in China, with the first markets targeted being Thailand and Australia, with Australia’s price expected to undercut Tesla’s Model Y. Kia’s top seller in Australia is the Sportage hybrid SUV with around 15,000 sales.

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Wind cheater! Hyundai and Kia devise new tech that will increase EV range, speed and grip ALL at the same time

EV Central

The giant Korean auto group incorporating Hyundai and Kia has detailed a new aerodynamic aid it is planning to roll out on all future EVs that will cut drag on even the slipperiest of its models, boost downforce, enhance high-speed stability and traction all while adding up to six kilometres of range. Hyundai Group Active Air Skirt.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

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Kia surprisingly tops Hyundai in market value with affordable EVs rolling out

Baua Electric

For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. Kia is now South Korea’s fifth most-valued stock at $31 billion (41.3 The Hyundai Motor Group was formed in 2000 after buying out Kia. trillion won). million in sales (wholesale).

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Hyundai and Kia recall 170,000 EVs in Korea over software glitch, is the US next?

Baua Electric

Hyundai and Kia will recall around 170,000 EVs in Korea, the largest since they launched. The recall is over a software issue impacting Hyundai’s IONIQ, Genesis, and Kia EVs. Hyundai and Kia recall 170,000 electric vehicles The South Korean Ministry of Land, Infrastructure, and Transport announced the recall on Thursday.

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