Latest news with #HyundaiMotorGroup
Time of India
9 hours ago
- Automotive
- Time of India
Hyundai's EV exports to US plunge 88% amid shift to local production
Hyundai Motor Group's exports of electric vehicles (EVs) from South Korea to the US dropped sharply in the first five months of 2025, as the company accelerates its strategy to localise production in the American market, IANS reports. According to data released by the Korea Automobile & Mobility Association (KAMA), Hyundai Motor and Kia together exported 7,156 EVs to the US between January and May — an 88 per cent decline from 59,705 units in the same period last year. This marks the lowest January–May export volume to the US since the group began intensifying its electrification efforts in 2021. Hyundai, including its Genesis brand, recorded shipments of 3,906 EVs — down 87 per cent year-on-year. Kia's exports fell even further, by 89.1 per cent, to 3,250 units. Uncertain outlook The steep decline follows Hyundai's decision to shift production of EVs for the US market to its new facility in Georgia — Hyundai Motor Group Metaplant America. In the first half of the year, the plant produced 28,957 units of the Ioniq 5 and 4,187 units of the Ioniq 9. Despite the push to produce locally, Hyundai and Kia have seen their overall US EV sales fall. According to Wards Intelligence, the group sold 44,555 EVs in the US during the first half of 2025 — a drop of 28 per cent compared to the same period in 2024. The outlook remains uncertain, with potential impacts from upcoming policy changes. Industry analysts warn that the planned phase-out of US EV tax credits in September — under the 'One Big Beautiful Bill Act,' a tax reform measure led by President Donald Trump — could further dampen sales. A report by the Federation of Korean Industries (FKI) estimates that Hyundai Motor Group could lose up to 45,828 units in annual US EV sales, amounting to a projected revenue loss of $1.95 billion. The US accounted for 36 per cent of Hyundai's total EV exports last year.
New Straits Times
10 hours ago
- Automotive
- New Straits Times
Hyundai to provide hydrogen vehicles for APEC meetings in Busan
SEOUL: Hydrogen-powered vehicles will serve as the primary protocol vehicles for international energy ministerial events for the first time, Yonhap news agency quoted Hyundai Motor Group as saying on Tuesday. The group will supply 63 zero-emission vehicles for the Asia-Pacific Economic Cooperation (APEC) ministerial meetings in Busan next month, including 34 Nexo hydrogen fuel cell SUVs, 12 Genesis G80 electric sedans and three hydrogen-powered Universe buses. Hyundai signed an agreement with the Ministry of Trade, Industry and Energy to provide vehicles for the 15th APEC Energy Ministerial Meeting, the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting. "By showcasing our eco-friendly vehicles at a venue that discusses the future of global energy, we hope to share our vision for sustainability and innovation with the world," said Kim Dong Wook, executive vice-president at Hyundai Motor Group. Scheduled to take place from late October to early November 2025, over 20,000 participants are expected to attend the 2025 APEC Summit and related meetings. Attendees will include governmental leaders and heads of state from the 21 APEC member countries, non-APEC foreign observers, top CEOs and business leaders, sustainability advocates and international media.
Korea Herald
13 hours ago
- Automotive
- Korea Herald
Hyundai Motor tapped as mobility partner for 2025 APEC energy summit
Korean automaker's newest hydrogen SUV Nexo to lead fleet of 63 cars for ministerial meetings in Busan Hyundai Motor will present a fleet of 63 emission-free vehicles at next month's Asia-Pacific Economic Cooperation ministerial meetings in Busan as the official transportation provider, the Korean automaker said Tuesday. According to Hyundai Motor, the fleet will be led by 34 all-new Hyundai Nexo hydrogen fuel cell sport utility vehicles, accompanied by 12 Genesis Electrified G80 premium sedans, 14 all-electric Kia EV9 SUVs and three Hyundai Universe hydrogen buses. The eco-friendly vehicles will be used to transport key figures and support various activities during the APEC's 15th Energy Ministerial Meeting, the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting. The 15th APEC Energy Ministerial Meeting is scheduled to take place from August 27 to 28, gathering top energy officials from 21 economies to discuss pending issues such as power grid infrastructure, energy security and stability, electricity supply and energy innovation through artificial intelligence. The 16th APEC Clean Energy Ministerial Meeting and the 10th APEC Mission Innovation Ministerial Meeting, which will take place as co-events from August 25 to 27 at Bexco convention center, will bring in representatives from about 30 APEC member economies to discuss transition towards clean power, hydrogen and future fuels, AI-driven energy solutions and carbon reduction technologies. The three APEC events are expected to be joined by energy ministers and government delegations from more than 40 countries. The Korean automaker said it aims to showcase the capability of its electrified models and reinforce its commitment to a sustainable future by offering a fleet of hydrogen fuel cell electric vehicles and EVs. According to Hyundai Motor, the all-new Nexo, which will serve as the main official vehicle, exemplifies the automaker's hydrogen leadership and vision for green mobility as the hydrogen-powered car features a whopping 720 kilometers of driving range per charge. The automaker added that it will continue to raise awareness of hydrogen-powered vehicles throughout the APEC meetings. "Hyundai Motor Group is honored to support these major international energy forums with our hydrogen and electric vehicles," said Kim Dong-wook, executive vice president and head of strategy planning division at Hyundai Motor Group. "By showcasing our eco-friendly vehicles at a venue that discusses the future of global energy, we hope to share our vision for sustainability and innovation with the world." Hyundai Motor has provided eco-friendly vehicles at key international events in the past, including the 43rd ASEAN Summit and the G20 Bali Summit, as it continues to underline its pledge to promote sustainable mobility.
Korea Herald
a day ago
- Automotive
- Korea Herald
Hyundai Motor donates W2b to flood relief efforts
Hyundai Motor Group has donated 2 billion won ($1.4 million) to disaster relief organization Hope Bridge to support recovery efforts in areas of South Korea severely damaged from the recent heavy rainfall, the auto conglomerate said Monday. On top of the financial donation, Hyundai Motor dispatched six vehicles for laundry and quarantine work to back up the relief efforts. According to the automaker, it will offer a maximum 50 percent discount to those looking to get their Hyundai Motor and Kia vehicles repaired due to damages from the downpours. After repairs are finished, the company said it plans to provide cleaning services for free. Hyundai and Kia owners could receive up to 3 million won in discounted services. 'We offer our deepest condolences to everyone who suffered greatly from the sudden downpour such as losing their homes,' said a Hyundai Motor Group official. 'We hope the support measures such as donations, relief vehicle dispatches and discounts for auto repair works damaged (by the floods) will be able to help people get back to their normal lives.' According to the Korean government, a total of 18 people had been found dead, with nine still missing from the heavy rainfall last week as of 9 p.m. Sunday. Over 14,000 people had to leave their homes due to flooding and landslides across the country.
Hindustan Times
2 days ago
- Automotive
- Hindustan Times
Tesla Model Y vs Kia EV6: Which premium electric SUV will you pick
Both the Model Y and the Kia EV6 are premium electric crossovers targeting early adopters, but they follow vastly different paths in terms of design, user experience, and drivetrain ideology. Check Offers The Indian EV space has gathered some serious momentum, and with Tesla officially introducing the Model Y at ₹ 59.89 lakh (ex-showroom price), one would expect a significant shake-up. While the Model Y is entering a nascent market of premium electric crossovers, it is a market that is already acquainted with "premium" electric vehicles like the Kia EV6, which received a meaningful update in January 2025. Both the Model Y and the Kia EV6 are premium electric crossovers targeting early adopters, but they follow vastly different paths in terms of design, user experience, and drivetrain ideology. Here's a comprehensive comparison to understand how these two global EV icons stack up in the Indian context. Tesla Model Y vs Kia EV6: Design The Tesla Model Y is unambiguously a Tesla, built on the same platform as the Model 3 but with SUV dimensions. It adheres to Tesla's spare design philosophy, with its streamlined surfaces, flush door handles, and coupe profile. The lack of over-the-top creases and badging gives it a sleek, aerodynamic look, though some will critique its design as unflourished—particularly in a class that sometimes excels on road presence and visual drama. Also Read : Tesla Model Y: 5 things you need to know before buying the new American EV Compared to that, the Kia EV6 is a more aggressive and expressive interpretation of electric mobility. Founded on Hyundai Motor Group's exclusive E-GMP platform, it has a low-slumped, wide-bodied stance with a cab-forward profile. The EV6 distinguishes itself with an aggressive front face, narrow DRLs, tautly sculpted sides, and a LED lightbar running the width of the rear. The 2025 update didn't bring drastic styling changes but introduced subtle refinements like new alloy wheel designs and fresh colour options that subtly sharpen its visual appeal. Tesla Model Y vs Kia EV6: Features Tesla's approach to cabin design in the Model Y is radically minimalistic. The entire interface is controlled via a 15-inch horizontal touchscreen mounted centrally on the dashboard. This display governs everything from navigation and music to vehicle settings and climate control, with no physical buttons or instrument cluster in sight. Key features in the India-spec version include a panoramic glass roof, premium sound system, basic Autopilot (Tesla's standard driver-assistance suite), wireless software updates, and real-time navigation data. However, one notable omission is smartphone integration—there's no support for Android Auto or Apple CarPlay, which could be a drawback for users accustomed to mirroring apps. The Kia EV6, in contrast, offers a more balanced interior experience, combining traditional controls with digital sophistication. The dashboard is anchored by dual 12.3-inch curved displays—one serving as the digital instrument cluster and the other as the infotainment screen. The infotainment unit supports Android Auto and Apple CarPlay, along with Kia's native navigation and voice control systems. Features such as a 14-speaker Meridian sound system, 360-degree surround view camera system, augmented reality head-up display, ventilated and powered front seats with cooling and heating, and wireless phone charging bring the EV6's interior game to the next level. Its ADAS system features forward collision avoidance, lane-keeping assist, adaptive cruise control, and blind-spot monitoring, all of which benefited from the 2025 update. Tesla Model Y vs Kia EV6: Specs The Tesla Model Y comes in two Indian trim levels: RWD and AWD. The RWD comes with one rear-mounted motor and is estimated to make about 296 hp with a stated WLTP range of 533 km. It sprints from 0–100 km/h in less than 6.9 seconds. The AWD model raises the stakes with two motors delivering more than 480 hp, allowing for a significantly faster 0–100 km/h in a mere 5.0 seconds and a comparative range of 514 km (WLTP). While Tesla has not disclosed battery sizes, global specifications suggest capacities of approximately 60–75 kWh, depending on the variant. Both variants support fast charging, but Tesla's Supercharger network in India is still in its infancy. Also Read : Tesla Model Y vs BYD Sealion 7: Which best selling EV makes more sense for India Kia's EV6 GT Line AWD matches up with a dual-motor setup, delivering 325 hp and 605 Nm of torque, with a 0–100 km/h time of 5.2 seconds. It uses a 77.4 kWh battery pack, offering an ARAI-certified range of 708 km, though real-world figures hover around 500–550 km. A key advantage is Kia's 800V electrical architecture, allowing ultra-fast DC charging—from 10 to 80 percent in just 18 minutes with a 350 kW charger. While such chargers are not widespread in India yet, the EV6 remains future-ready. Tesla Model Y vs Kia EV6: Price The Tesla Model Y is priced at ₹ 59.89 lakh for the RWD variant and ₹ 66.89 lakh for the AWD variant (ex-showroom). The RWD is priced at a reasonable access point into the Tesla world, but lacks performance. On the other hand, the AWD variant offers engaging performance and all-weather capability and is the most expensive of the three. Both the RWD and AWD variants will be a signature Tesla experience with technology, however, falls short on features like 360-degree cameras, ventilated seats, and phone connectivity that are increasingly standard and even expected in this space. The Kia EV6 GT Line AWD is priced ₹ 65.97 lakh (ex-showroom). It falls in between the two variants of Tesla and is overall a better value package. Although the Kia EV6 GT Line AWD does not have the same straight-line performance as the Model Y AWD, you get better range, faster charge times, and better usability in the cabin. There is also a better service network across India with Kia and a more developed dealer support system. Overall, from a value proposition, the EV6 offers a better ev premium experience for Indian consumers. Check out Upcoming EV Cars in India. First Published Date: 21 Jul 2025, 10:30 am IST
