Connect with us

Hi, what are you looking for?

Tech News

Hyundai is ‘doubling down’ on EVs despite sales slowdown, CEO says

Photo by Patrick George for The Verge

Electric vehicle sales may be in a bit of a slump, but Hyundai isn’t deterred. The South Korea-based automaker is “doubling down” on its EV investment, including a $7.6 billion dedicated manufacturing facility in Georgia, said Hyundai Motor America CEO Randy Parker.

“While other manufacturers are pulling back on their electrification strategy, we continue to be focused on our products,” Parker said in an interview this week with The Verge. “And our products have done extremely well in the marketplace.”

Those products include the popular Hyundai Ioniq 5 and Ioniq 6 as well as a recently refreshed Kona Electric. And there’s also the recently released performance-based Ioniq 5 N, which recently won the 2024 World Performance Car award.

Continue reading…

You May Also Like

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Politics

When word first broke that Joe Biden would be sitting down with Howard Stern for a live interview Friday on his SiriusXM show, it...

Editor's Pick

Paul Best Merry Oaks Baptist Church in Chatham County, North Carolina, near the site of a new VinFast factory. North Carolina officials announced a long sought‐​after...

Tech News

It’s not the Vita comeback we were hoping for, but the Sony’s portable remote player is still a handy companion. | Photo by Antonio...

Generated by Feedzy