December 3, 2022

 South Korea’s Hyundai Motor Group stated Friday it can launch the all-electric IONIQ 6 and the upgraded Seltos SUV in the US subsequent 12 months to spice up gross sales.

Hyundai Motor Co. plans to introduce the IONIQ 6, the second mannequin embedded with the group’s EV-only electric-global modular platform (E-GMP) following the IONIQ 5, within the U.S. within the first half of 2023, the corporate stated in an announcement.

Hyundai’s smaller affiliate Kia Corp. additionally plans to launch the Seltos subcompact SUV within the first half after launching the pure electrical high-performance mannequin EV6 GT on the earth’s most vital vehicle market this week, it stated.

This file photo provided by Hyundai Motor shows the IONIQ 6 EV. (PHOTO NOT FOR SALE) (Yonhap)

This file picture offered by Kia Motors exhibits the 2021 Seltos subcompact SUV. (PHOTO NOT FOR SALE) (Yonhap)

The EV6 GT comes with a 77.4 kWh battery pack and might journey as much as 342 kilometers on a single cost. It may speed up from zero to 100 km in solely 3.5 seconds. It’s outfitted with the E-GMP platform.

The 2 carmakers made the bulletins throughout the 2022 Los Angeles Auto Present scheduled from Nov. 17-27 on the LA Conference Middle.

Hyundai Motor plans to roll out 17 EV fashions by 2030, together with six Genesis fashions, with Kia scheduled to launch 14 EVs by 2027.

Hyundai has a automobile manufacturing plant in Alabama and Kia has one in Georgia. In Might, Hyundai Motor Group introduced it can make investments US$5.54 billion to construct a devoted EV and automobile battery plant in Georgia, with a purpose of starting manufacturing within the first half of 2025.

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Hyundai and Kia intention to promote 3.23 million EVs, together with 840,000 models within the U.S., in 2030 to account for 12 p.c of the worldwide EV market.

From January to October, the carmakers’ gross sales within the U.S. fell 6.1 p.c to 1,210,559 autos from 1,289,608 models throughout the identical interval of final 12 months amid the prolonged chip scarcity.

Their gross sales outcomes had been partly affected by the passage of the Inflation Discount Act (IRA), which supplies as much as US$7,500 in tax credit to patrons of EVs assembled solely in North America. The transfer has sparked issues that Hyundai and Kia might lose floor within the U.S. market, as they make EVs at home vegetation for export to the U.S.