Latest news with #Ioniq
Korea Herald
25-05-2025
- Automotive
- Korea Herald
Hyundai Ioniq's global sales top 500,000 units
Hyundai Motor Co.'s Ioniq series have sold over 500,000 units globally, the group said Sunday, reaching a milestone for the first time since its launch of the Ioniq 5 four years ago. According to the company, it had sold a cumulative 514,588 units of its Ioniq series, consisting of the Ioniq 5, Ioniq 6 and Ioniq 9, as of last month. The series, which began with the launch of its very first Ioniq 5 in 2021, saw its sales gradually increase year after year, with 65,906 units sold in 2021, 114,548 in 2022 and 169,812 in 2023. Sales dropped to 121,375 last year amid a temporary drop in demand for electric vehicles, with signs indicating a potential rebound this year. Last month alone, 16,368 vehicles from the series were sold, up 41 percent compared with the same period last year. The most popular among the series was the Ioniq 5 and its high-performance version, the Ioniq 5 N, which have together sold 407,607 units, accounting for 80 percent of the total accumulative sales. "We will strive to keep up the popularity of the Ioniq series in the global market by strengthening its commercial value and expanding its market base," a company official said. (Yonhap)
Time of India
16-05-2025
- Automotive
- Time of India
Hyundai lines up new models to regain ground
NEW DELHI: Korean Hyundai will launch 26 new cars in India over the next five years, intensifying competition in the industry as the company invests fresh capital and introduces new vehicles to increase market share amid growing challenges from homegrown Mahindra & Mahindra and Tata Motors. Tired of too many ads? go ad free now The company said it will invest Rs 7,000 crore in India this year and will start introducing new products across price points. These will include 20 internal combustion engine (ICE) cars, six electrics, and even strong hybrid variants, Hyundai India COO Tarun Garg said. Garg said that Hyundai is looking at a significant jump in market share as it introduces new cars and technologies over the remaining part of this decade. Hyundai lines up new models to regain ground Asked about challenges from M&M and Tata, he said Hyundai has decided against engaging in a 'discount war' and is rather 'balancing volume market share and profits.' He said the operating margins of Hyundai India stood at 14.1% in the Jan-March 2025 quarter, which is higher than the initial estimates. On the new cars, he said that Hyundai plans to have cars across price points and body styles for a stronger impact in the market, with eight models likely to be introduced by FY27. 'Obviously, SUVs will be a major focus for us.' On electrics, he said the company will add more localised models to its current line-up that comprises Ioniq and Creta EVs. 'We are working aggressively on making our fast-charge network dense, while building in localisation.' Hyundai's sales in the domestic market declined to around six lakh units last fiscal against 6.1 lakh units in FY24. Exports remained almost flat at 1.6 lakh units in FY25. Tired of too many ads? go ad free now 'The year gone by signifies our resilience in the financial performance by way of sustained revenues and healthy operating margins led by improved realisations and effective cost control measures,' Hyundai India MD Unsoo Kim said. The company remains 'cautiously optimistic' on domestic demand in the near term amid geopolitical uncertainty and weakening customer sentiment. 'While we expect our FY26 domestic growth to be broadly in line with industry estimates of low-single digit, we are aiming for 7-8% growth in exports,' Kim said. Hyundai Q4 net down 4% on lower sales Hyundai India on Friday reported a 4% dip in its consolidated net profit for the fourth quarter ended March 2025 at Rs 1,614 crore, on account of lower sales in the domestic market. The automaker posted a profit of Rs 1,677 crore in the Jan-March period of FY24. Its total revenue from operations rose to Rs 17,940 crore for the period under review compared to Rs 17,671 crore in the year-ago period.
Time of India
16-05-2025
- Automotive
- Time of India
With 26 launches in 5 yrs, Hyundai to go for product blitzkrieg amidst stiff competition
NEW DELHI : Korean Hyundai will launch 26 new cars in India over the next five years, firing stiff competition in the industry as the company pumps in fresh investments and new vehicles to shore up market share amidst growing challenge from homegrown Mahindra & Mahindra and Tata Motors. The company said it will invest Rs 7,000 crore in India this year and will start introducing new products across price points. These will include 20 internal combustion engine (ICE) cars, six electrics, and even strong hybrid variants, COO Tarun Gard said. Garg said that Hyundai, which will soon start production from its new plant at Talegaon in Maharashtra (acquired from General Motors), is looking at a significant jump in market share as it introduces new cars and technologies over the remaining part of this decade. Asked about challenges from M&M and Tata, he said Hyundai has decided against engaging in 'discount war' and is rather 'balancing volume market share and profits.' He said the operating margins of Hyundai India stood at 14.1% in Jan-Mar'25 quarter, which is higher than the initial estimates. On the new cars, he said that Hyundai plans to have cars across price points and body styles for a stronger impact in the market with eight models likely to be introduced by FY27. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Trend Lets Indians Access Benefits Up to ₹2,00,00,000 India News Learn More Undo 'Obviously, SUVs will be a major focus for us.' On electrics, he said the company will add more localised models to its current line-up that comprises Ioniq and Creta EVs. 'We are working aggressively on making our fast-charge network dense, while building in localisation.' Hyundai's sales in the domestic market declined to around six lakh units last fiscal against 6.1 lakh units in FY24. Exports remained almost flat at 1.6 lakh units in FY25. "The year gone by signifies our resilience in the financial performance by way of sustained revenues and healthy operating margins led by improved realisations and effective cost control measures," Hyundai India MD Unsoo Kim said. The company remains 'cautiously optimistic' on domestic demand in the near-term amid geopolitical uncertainty and weakening customer sentiment. 'While we expect our FY26 domestic growth to be broadly in line with Industry estimates of low-single digit, we are aiming for 7-8% growth in exports," Kim said. Earlier today, Hyundai India reported a 4% dip in its consolidated net profit for the fourth quarter ended March 2025 at Rs 1,614 crore, on account of lower sales in the domestic market. The automaker had posted a profit of Rs 1,677 crore in the January-March period of FY24. Its total revenue from operations rose to Rs 17,940 crore for the period under review compared to Rs 17,671 crore in the year-ago period. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
USA Today
14-05-2025
- Automotive
- USA Today
Toyota's electric vehicle is about to get a major upgrade. Here's why it could use one
Toyota's electric vehicle is about to get a major upgrade. Here's why it could use one The bZ4X will transform into the bZ for the 2026 model year. The bZ has better performance specs and could be more appealing to drivers. Show Caption Hide Caption Self-driving tech coming to personally owned vehicles Waymo & Toyota have announced a partnership to co-develop autonomous vehicle platforms, aiming to integrate Waymo's self-driving technology into Toyota's POV's. Cheddar The Toyota bZ4X is changing its name and getting better specs. Toyota bZ4X sales lagged behind rivals, but new upgrade could be game-changer for the company. New 2026 Toyota bZ will be better-positioned to compete against rivals based on horsepower and range. The Toyota bZ4X is the company's first mass-produced electric SUV for North America. Toyota sold just 9,329 bZ4X models in 2023 and 18,570 in 2024, as reported by To put that number into perspective, Hyundai sold 33,918 Ioniq 5 small electric SUV models in 2023 and 44,400 models in 2024. The bZ4X hasn't been a huge success compared to class rivals, but Toyota is breathing new life into the nameplate. Say hello to the bZ, which Toyota claims offers "more range, more technology, and more driving acceleration." The Toyota bZ4X is being outsold by rivals When the Toyota bZ4X first hit the scene in 2022, competition in the small electric SUV segment was already fierce. Tesla was selling Model Ys like hotcakes internationally and Volkswagen was on its heels with the Volkswagen ID.4. . @Toyota has unveiled significant updates for its 2026 bZ All Electric SUV, enhancing its range, charging capabilities, and design. The compact SUV, now simply named the Toyota bZ (previously bZ4X), introduces a larger 74.7-kWh battery option, improved power output, and a… — The EV Report (@The_EV_Report) May 13, 2025 Hyundai Motor Company's Hyundai and Kia brands both launched small electric SUVs: the Hyundai Ioniq 5 and Kia EV6. Even the Blue Oval joined in on the action with the Ford Mustang Mach-E. Despite being a global leader in hybrid vehicle production, Toyota was late to the battery electric vehicle party. Toyota chairman Akio Toyoda "refused to give EV development top priority" according to Forbes. So, by the time the bZ4X was available, there were several alternatives that offered more power, range, and standard features. Sales have improved, but the bZ4X doesn't have a competitive edge over some of its biggest rivals. Hence Toyota's decision to completely reintroduce the nameplate as the Toyota bZ. Toyota announces new name and major upgrades for electric vehicle The 2026 Toyota bZ drops the "4X" from its name. That's far from the only change the Japanese company is making to its only fully-electric vehicle for the U.S. market. The upcoming 2026 Toyota bZ also features an exterior redesign, more standard driving range, and some tech upgrades, according to CNBC. The nameplate is getting serious updates that will make the electric SUV more appealing. Previous bZ4X models have been easily eclipsed by competitors, as reflected in sales numbers. A new design and improved performance specs could give the new bZ a better chance at competing with the best models in its segment. What's new for the 2026 Toyota bZ? New 2026 Toyota bZ features, specs, and upgrades include (but aren't limited to): Increased driving range (up 62 miles from 252 miles on a single charge to 314 miles) Standard NACS (North American Charging Standard) port, giving it access to Tesla superchargers Updated interior/exterior styling Quicker charging time (10%-80% in around 30 minutes via DC fast charging) Increased horsepower (221 for front-wheel drive, 338 for all-wheel drive) Overall, Toyota is making major changes to its small electric SUV, from its name to its most important performance specs. Increased horsepower can give the EV better driving dynamics. More driving range makes the SUV more convenient to drive. Finally, quicker charging times makes it more appealing for folks with range anxiety. We'll have to wait and see how the 2026 Toyota bZ is received during the second half of this year. That said, its specs show great promise. Pricing for the 2026 Toyota bZ has yet to be released.
The Advertiser
09-05-2025
- Automotive
- The Advertiser
2026 Hyundai Elexio: How the Korean giant will take on Chinese EVs
Hyundai is behind in the EV race in China, and the new Elexio is its bid to become a contender. Surprisingly, given the large investments it has made so far in electric vehicle (EV) development, Hyundai doesn't have a single locally made EV in China. Models like the Hyundai Ioniq 5 crossover and Ioniq 6 sedan are imported from South Korea and, as such, are subject to hefty tariffs, pricing them out of contention for most Chinese buyers. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Unveiled at an event in Shanghai, the Elexio will enter production later this year at the factory operated by Beijing Hyundai, a joint venture with state-owned carmaker BAIC. Sales are expected to begin during the third quarter of 2025. It's unknown if Hyundai plans to offer the Elexio in markets outside of China. "There are no current plans for Elexio for Australia," said a Hyundai Australia spokesperson. Disguised prototypes of the Elexio have been spotted several times across Australia over the last few months, with images shared on Facebook groups like BYD EV Owners Club Australia. "Around 20 vehicles (Hyundai, Kia, Genesis) were part of the global hot weather testing programme in Australia this summer, and Elexio was one of them," explained a Hyundai Australia spokesperson, noting Australia is the preferred hot weather testing location in the southern hemisphere. The Elexio rides on the company's Electric Global Modular Platform (E-GMP), which underpins various Ioniq models, as well as the Genesis GV60, and Kia EV3, EV4, EV5, EV6, and EV9. The Elexio is the first E-GMP based Hyundai to forgo Ioniq branding. Few specifications have been revealed about the Elexio, with Hyundai only saying it will offer up to 700km of range under the very generous CLTC testing standard. No images of the interior have been revealed so far, but Hyundai says it will have a wraparound cockpit design. Its infotainment system will be powered by the Qualcomm 8295P processor, and support online navigation and entertainment options, over-the-air updates, voice commands, and remote control. According to Car News China, the Elexio will make use of Huawei's Harmonyos Intelligent Mobility technology, and at launch the Elexio will have Level 2 assisted driving capabilities, primarily for use on highways. Urban assisted driving is expected to be added to the package in 2026. The Elexio's distinctive exterior features slimline lighting units at both ends, including full-width driving lights and tail-lights. The crossover reportedly rides on 20-inch alloy wheels. To help reduce drag there are pop-out flush-fitting door handles, hidden wipers front and back, and a grille-free front fascia. Along the side, a helmet visor appearance is achieved via the blacked out pillars and falling window line. Size-wise the Elexio looks to fall somewhere in between the Ioniq 5 and the seven-seat Ioniq 9 large electric SUV. MORE: Everything Hyundai Content originally sourced from: Hyundai is behind in the EV race in China, and the new Elexio is its bid to become a contender. Surprisingly, given the large investments it has made so far in electric vehicle (EV) development, Hyundai doesn't have a single locally made EV in China. Models like the Hyundai Ioniq 5 crossover and Ioniq 6 sedan are imported from South Korea and, as such, are subject to hefty tariffs, pricing them out of contention for most Chinese buyers. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Unveiled at an event in Shanghai, the Elexio will enter production later this year at the factory operated by Beijing Hyundai, a joint venture with state-owned carmaker BAIC. Sales are expected to begin during the third quarter of 2025. It's unknown if Hyundai plans to offer the Elexio in markets outside of China. "There are no current plans for Elexio for Australia," said a Hyundai Australia spokesperson. Disguised prototypes of the Elexio have been spotted several times across Australia over the last few months, with images shared on Facebook groups like BYD EV Owners Club Australia. "Around 20 vehicles (Hyundai, Kia, Genesis) were part of the global hot weather testing programme in Australia this summer, and Elexio was one of them," explained a Hyundai Australia spokesperson, noting Australia is the preferred hot weather testing location in the southern hemisphere. The Elexio rides on the company's Electric Global Modular Platform (E-GMP), which underpins various Ioniq models, as well as the Genesis GV60, and Kia EV3, EV4, EV5, EV6, and EV9. The Elexio is the first E-GMP based Hyundai to forgo Ioniq branding. Few specifications have been revealed about the Elexio, with Hyundai only saying it will offer up to 700km of range under the very generous CLTC testing standard. No images of the interior have been revealed so far, but Hyundai says it will have a wraparound cockpit design. Its infotainment system will be powered by the Qualcomm 8295P processor, and support online navigation and entertainment options, over-the-air updates, voice commands, and remote control. According to Car News China, the Elexio will make use of Huawei's Harmonyos Intelligent Mobility technology, and at launch the Elexio will have Level 2 assisted driving capabilities, primarily for use on highways. Urban assisted driving is expected to be added to the package in 2026. The Elexio's distinctive exterior features slimline lighting units at both ends, including full-width driving lights and tail-lights. The crossover reportedly rides on 20-inch alloy wheels. To help reduce drag there are pop-out flush-fitting door handles, hidden wipers front and back, and a grille-free front fascia. Along the side, a helmet visor appearance is achieved via the blacked out pillars and falling window line. Size-wise the Elexio looks to fall somewhere in between the Ioniq 5 and the seven-seat Ioniq 9 large electric SUV. MORE: Everything Hyundai Content originally sourced from: Hyundai is behind in the EV race in China, and the new Elexio is its bid to become a contender. Surprisingly, given the large investments it has made so far in electric vehicle (EV) development, Hyundai doesn't have a single locally made EV in China. Models like the Hyundai Ioniq 5 crossover and Ioniq 6 sedan are imported from South Korea and, as such, are subject to hefty tariffs, pricing them out of contention for most Chinese buyers. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Unveiled at an event in Shanghai, the Elexio will enter production later this year at the factory operated by Beijing Hyundai, a joint venture with state-owned carmaker BAIC. Sales are expected to begin during the third quarter of 2025. It's unknown if Hyundai plans to offer the Elexio in markets outside of China. "There are no current plans for Elexio for Australia," said a Hyundai Australia spokesperson. Disguised prototypes of the Elexio have been spotted several times across Australia over the last few months, with images shared on Facebook groups like BYD EV Owners Club Australia. "Around 20 vehicles (Hyundai, Kia, Genesis) were part of the global hot weather testing programme in Australia this summer, and Elexio was one of them," explained a Hyundai Australia spokesperson, noting Australia is the preferred hot weather testing location in the southern hemisphere. The Elexio rides on the company's Electric Global Modular Platform (E-GMP), which underpins various Ioniq models, as well as the Genesis GV60, and Kia EV3, EV4, EV5, EV6, and EV9. The Elexio is the first E-GMP based Hyundai to forgo Ioniq branding. Few specifications have been revealed about the Elexio, with Hyundai only saying it will offer up to 700km of range under the very generous CLTC testing standard. No images of the interior have been revealed so far, but Hyundai says it will have a wraparound cockpit design. Its infotainment system will be powered by the Qualcomm 8295P processor, and support online navigation and entertainment options, over-the-air updates, voice commands, and remote control. According to Car News China, the Elexio will make use of Huawei's Harmonyos Intelligent Mobility technology, and at launch the Elexio will have Level 2 assisted driving capabilities, primarily for use on highways. Urban assisted driving is expected to be added to the package in 2026. The Elexio's distinctive exterior features slimline lighting units at both ends, including full-width driving lights and tail-lights. The crossover reportedly rides on 20-inch alloy wheels. To help reduce drag there are pop-out flush-fitting door handles, hidden wipers front and back, and a grille-free front fascia. Along the side, a helmet visor appearance is achieved via the blacked out pillars and falling window line. Size-wise the Elexio looks to fall somewhere in between the Ioniq 5 and the seven-seat Ioniq 9 large electric SUV. MORE: Everything Hyundai Content originally sourced from: Hyundai is behind in the EV race in China, and the new Elexio is its bid to become a contender. Surprisingly, given the large investments it has made so far in electric vehicle (EV) development, Hyundai doesn't have a single locally made EV in China. Models like the Hyundai Ioniq 5 crossover and Ioniq 6 sedan are imported from South Korea and, as such, are subject to hefty tariffs, pricing them out of contention for most Chinese buyers. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Unveiled at an event in Shanghai, the Elexio will enter production later this year at the factory operated by Beijing Hyundai, a joint venture with state-owned carmaker BAIC. Sales are expected to begin during the third quarter of 2025. It's unknown if Hyundai plans to offer the Elexio in markets outside of China. "There are no current plans for Elexio for Australia," said a Hyundai Australia spokesperson. Disguised prototypes of the Elexio have been spotted several times across Australia over the last few months, with images shared on Facebook groups like BYD EV Owners Club Australia. "Around 20 vehicles (Hyundai, Kia, Genesis) were part of the global hot weather testing programme in Australia this summer, and Elexio was one of them," explained a Hyundai Australia spokesperson, noting Australia is the preferred hot weather testing location in the southern hemisphere. The Elexio rides on the company's Electric Global Modular Platform (E-GMP), which underpins various Ioniq models, as well as the Genesis GV60, and Kia EV3, EV4, EV5, EV6, and EV9. The Elexio is the first E-GMP based Hyundai to forgo Ioniq branding. Few specifications have been revealed about the Elexio, with Hyundai only saying it will offer up to 700km of range under the very generous CLTC testing standard. No images of the interior have been revealed so far, but Hyundai says it will have a wraparound cockpit design. Its infotainment system will be powered by the Qualcomm 8295P processor, and support online navigation and entertainment options, over-the-air updates, voice commands, and remote control. According to Car News China, the Elexio will make use of Huawei's Harmonyos Intelligent Mobility technology, and at launch the Elexio will have Level 2 assisted driving capabilities, primarily for use on highways. Urban assisted driving is expected to be added to the package in 2026. The Elexio's distinctive exterior features slimline lighting units at both ends, including full-width driving lights and tail-lights. The crossover reportedly rides on 20-inch alloy wheels. To help reduce drag there are pop-out flush-fitting door handles, hidden wipers front and back, and a grille-free front fascia. Along the side, a helmet visor appearance is achieved via the blacked out pillars and falling window line. Size-wise the Elexio looks to fall somewhere in between the Ioniq 5 and the seven-seat Ioniq 9 large electric SUV. MORE: Everything Hyundai Content originally sourced from:
