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BYD Isn't Tesla's Only Asian Threat — This EV Maker Is Smashing Records
Wednesday, July 2, 2025 - 5:03pm | 728Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is seeing weaker demand for its vehicles in the United States for numerous reasons, including increased competition from foreign automakers launching new vehicles in the United States. While Tesla’s foe, BYD Co (OTC:BYDDY), poses a threat to...
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US Electric Vehicle Sales Hit Record 1.3 Million Units In 2024, Despite Tesla Declines: Top 10 Bestselling Models
Tuesday, January 14, 2025 - 11:28am | 770The U.S. automotive industry saw a record number of electric vehicles sold in 2024, with 1,301,411 units breaking last year's record with a 7.3% year-over-year increase. A record fourth quarter saw 365,824 units sold in the U.S., despite some weakness from sector leader Tesla Inc (NASDAQ:TSLA)....
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Move Over Ford And General Motors, There's A New No. 2 Electric Vehicle Maker In The US Behind Tesla
Tuesday, August 20, 2024 - 3:57pm | 558Automaker Hyundai Motor Company (OTC:HYMTF) has claimed the title of the second-largest electric vehicle company in the U.S. through the first six months of the year. What Happened: Hyundai — owner of the Genesis and Ioniq brands, as well as 34% of Kia — accounts for roughly 10% of the EV market...
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Hyundai's Genesis Is Reportedly Working On A New Exclusive EV Platform
Wednesday, July 17, 2024 - 8:33am | 335Hyundai Motor‘s (OTCPK: HYMTF) luxury brand Genesis is reportedly working on a new EV platform that might not be shared with Hyundai and Kia. What Happened: Genesis’ GV60 is currently built on Hyundai’s E-GMP platform but it is on the way out, Edmunds reported, citing Genesis...
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Hyundai To Introduce Refreshed Ioniq 5 In 2025 To Take On Tesla Model Y And Ford Mustang Mach-E
Tuesday, July 16, 2024 - 5:51am | 440South Korean automaker Hyundai Motor (OTCPK: HYMTF) said on Monday that it will launch an all-new Ioniq 5 N and a three-row electric SUV as part of its new vehicle lineup for the 2025 model year in the U.S., in addition to a refreshed version of the Ioniq 5 SUV. What Happened: Hyundai’s new...
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Can't Catch Tesla Yet, But South Korea's Hyundai And Kia Gain Ground With Record-High EV Market Share In US
Tuesday, June 11, 2024 - 8:20am | 377South Korean automaker Hyundai Motor (OTC:HYMTF) and sister company Kia Corp have reportedly secured their largest share of the U.S. electric vehicle (EV) market in the first five months of 2024. What Happened: According to data from the Korea Automobile Manufacturers Association, Hyundai and Kia...
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Hyundai Blazes Past Tesla: IONIQ 5 Robotaxi Aces Simulated Driving Test (Already!)
Monday, April 15, 2024 - 8:16am | 492EV giant Tesla (NASDAQ:TSLA) is not the only car maker looking to launch robotaxis capable of driving around by themselves without human intervention on American roads. What Happened: Korean automaker Hyundai‘s (OTC:HYMTF) IONIQ 5 robotaxi has already passed a simulated driving test. The...
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Hyundai's Tesla Model Y Challenger Just Got A Bigger Battery And A Whole Lot Of New Features In Refreshed Avatar
Monday, March 4, 2024 - 4:41am | 697Hyundai Motor Co‘s (OTC:HYMLF) Ioniq 5 electric vehicle is set to undergo a revamp, with over-the-air (OTA) updates, an expanded battery capacity, and the inclusion of a rear window wiper, according to details revealed on Hyundai’s Korean website. What Happened: ...
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Hyundai Seeks To Sidestep US Tax Credit Barriers With $7,500 EV Cash Incentives
Monday, January 15, 2024 - 7:13am | 310Hyundai Motor Co. (OTC:HYMTF) is offering up to $7,500 in cash bonuses for American buyers of its electric vehicles (EVs) in a bid to catch up to players, including Tesla Inc (NASDAQ:TSLA), whose select vehicles qualify for a federal tax credit in the same amount. This month-long scheme will be in...