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Hyundai to Temporarily Halt Ioniq 5, Kona Electric Production Amid Slowing EV Demand

Hyundai to Temporarily Halt Ioniq 5, Kona Electric Production Amid Slowing EV Demand

SEOUL, Feb. 7 (Korea Bizwire) – Hyundai Motor Co. will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday. According to the sources, Hyundai Motor will halt operations of Line 12 at its Ulsan Plant 1 in South [...]

Hyundai Motor Group Dominates 2024 Kelley Blue Book Best Buy Awards with Four Top Honors, Including Repeat Triumph for Ioniq 5 as Best Electric Car

Hyundai Motor Group Dominates 2024 Kelley Blue Book Best Buy Awards with Four Top Honors, Including Repeat Triumph for Ioniq 5 as Best Electric Car

SEOUL, Dec. 9 (Korea Bizwire) – On Thursday, Hyundai Motor Group proudly announced its achievement of securing four top accolades in the 2024 Best Buy Awards by Kelley Blue Book, a prominent U.S. automotive publication. The Hyundai Ioniq 5 was acknowledged as the premier electric vehicle (EV), the Hyundai Kona claimed the title of best [...]