February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year.
Expand Expanding Close
In a fire sale, Hyundai is offering a rare 0% finance offer on the 2024 IONIQ 5 electric SUV. Hyundai’s new incentive could mean up to $7,800 in savings compared to a same-priced Tesla model.
Expand Expanding Close
Another electric three-row electric SUV is set to hit the market. Hyundai’s highly-anticipated IONIQ 7 will make its debut at the Busan Motor Show in June. Here’s what we know about the electric SUV so far.
Expand Expanding Close
New EV registrations in the US were up 23% in December as adoption continues to grow. Although Tesla’s 11% growth lagged behind the market, the automaker still dominated with 56% of US EV registrations in 2023. Meanwhile, several smaller players, including Hyundai and Rivian, saw promising growth.
Expand Expanding Close
South Korea’s government looks to give domestic automakers Hyundai and Kia a break with its new EV policy. The new EV subsidy policy is in response to price cuts on Tesla’s Model Y and BYD’s models, which use lower-cost LFP batteries.
Expand Expanding Close
The Hyundai Kona Electric, already one of the most affordable EVs in the US, was the top-selling electric vehicle priced below MSRP last month. Volkswagen’s ID.4 was second, with Hyundai’s IONIQ models and Kia’s EV6 also selling well below MSRP.
Expand Expanding Close
As BYD expands overseas, its latest target could spell trouble for Hyundai and Kia. BYD plans to sell electric cars in South Korea within the first half of this year. Its affordable EVs will compete with the Hyundai IONIQ 5, Kona Electric, and Kia EV6 on the South Korean automaker’s home turf.
Expand Expanding Close
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.
Expand Expanding Close
Seven months after seven major OEMs shared plans to join forces and implement a new EV charging network of over 30,000 piles in North America, the joint venture, now called IONNA, has officially received regulatory approval to begin operations. The JV has also named its first CEO, who is no stranger to EV charging.
Expand Expanding Close
Is the Hyundai IONIQ T10 the electric truck we’ve been waiting for? A new trademark filing for an IONIQ T10 suggests Hyundai could be aiming for Ford’s F-150 Lightning.
Expand Expanding Close
Hyundai is prepping an entry-level electric mini-SUV called Casper to take on rivals Dacia Spring and Citroën’s ë-C3 in Europe. The best part, the price is aimed at that elusive yet coveted €20,000 range (about $21.5K).
Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform.
Expand Expanding Close
Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. The automaker is betting on custom EVs to revamp sales in the region.
Expand Expanding Close
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 trillion won).
Expand Expanding Close
Hyundai dealerships are modernizing as the brand looks to build upon its growth in the EV market this year. Hyundai’s IONIQ 5 is already a top seller at some dealers. With new electric models rolling out, like the three-row IONIQ 7 SUV, Hyundai has the “whole gamut covered.”
Expand Expanding Close
Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. The South Korean automaker plans to strengthen its leadership in the EV market, with new models gaining momentum.
Expand Expanding Close
Hyundai Motor revealed its latest EV tech on Monday, the Active Air Skirt (AAS). The new EV tech enhances aerodynamics to improve driving range and performance at higher speeds.
Expand Expanding Close
You can now buy Hyundai’s matte gold Disney-themed IONIQ 5 for under $60,000. Designed with Walt Disney Imagineering, the IONIQ 5 Disney100 Platinum Edition is every fan’s dream, and it’s on sale now.
Expand Expanding Close
The all-electric Hyundai Kona EV is getting the sporty N Line treatment. Hyundai unveiled the new Kona Electric N Line with stylish design upgrades.
Expand Expanding Close
With a new special cash offer, the 2024 Hyundai IONIQ 6 can be significantly cheaper to buy than the upgraded Tesla Model 3 Highand. Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. That’s to buy, not for a lease like previous deals.
Expand Expanding Close
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.
Expand Expanding Close
Would you ride in Hyundai’s electric flying taxi? Hyundai’s advanced air mobility company, Supernal, unveiled its electric flying taxi at CES Tuesday. The four-passenger eVTOL will “operate as quietly as a dishwasher” and could be powered by solid-state batteries.
Expand Expanding Close
New features are coming to Hyundai EVs. Hyundai’s software arm, Hyundai Autoever, is partnering with Mapbox to integrate 3D navigation into its EVs. The partners are also developing MapGPT, an AI voice assistant, to “redefine the driving experience.”
Expand Expanding Close
Kia-owner Hyundai certainly isn’t in a big rush to go carbon neutral. It has set its target as the far-away date of 2050. But now it says it will rely heavily on hydrogen fuel cells generated from plastic, food, and organic waste to power a whole new generation of EVs, from passenger cars to heavy-duty trucks. Problem is, there is nowhere to charge them.