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Home Hyundai

Hyundai and Kia bet big on electric SUVs to drive growth in 2025

January 28, 2025
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Hyundai and Kia bet big on electric SUVs to drive growth in 2025
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Hyundai and Kia are optimistic in regards to the electrical automobile market in 2025, with plans to introduce new electrical SUVs this yr. Among the many upcoming fashions are the IONIQ 9, which will probably be Hyundai’s first three-row electrical SUV, alongside the smaller Kia EV5 and EV3 fashions.

Regardless of a slight lower in international gross sales of 1% final yr, Hyundai Motor Firm, which incorporates Kia, anticipates a rebound in 2025. The corporate offered over 7.23 million automobiles within the earlier yr, primarily affected by diminished demand in South Korea, though gross sales within the US and Europe supplied some steadiness.

Hyundai goals to promote 7.39 million automobiles within the present yr, marking a 2% enhance over 2024 thanks to those new fashions. Officers from Hyundai Motor Firm stay hopeful, stating that even amidst a altering market panorama, gross sales in North America proceed to develop as they introduce their new electrical SUV lineup.

Hyundai unveiled the IONIQ 9 on the LA Auto Present in November, and it’s set to launch within the US and Korea within the first quarter of 2025, with full-scale gross sales anticipated to start within the second quarter. The IONIQ 9 is barely bigger than Kia’s EV9, measuring 5,060 mm in size, 1,980 mm in width, and 1,790 mm in peak. The EV9 had a profitable gross sales begin within the US, with over 22,000 items offered final yr.

The IONIQ 9 incorporates a vital 110.3 kWh battery that provides a driving vary of as much as 335 miles (620 km WLTP). As compared, the EV9 has an EPA-estimated vary of as much as 304 miles. The IONIQ 9 guarantees a spacious and opulent inside with seating for as much as seven passengers, a streamlined roof, and the comfort of a local NACS port for charging at Tesla Superchargers.

Hyundai plans to fabricate the IONIQ 9 at its new plant in Georgia, alongside an up to date model of the IONIQ 5. Pricing particulars will probably be introduced nearer to its launch.

Kia will even increase its electrical automobile choices with the introduction of the EV5 in Europe, Korea, and different markets, having already seen success in China since late 2023, the place it has a beginning value of round $20,500. Experiences point out that the EV5 has performed a major function in revitalizing Kia’s gross sales in China, with over 10,000 items offered in 2024.

Moreover, Kia’s EV3 mannequin, launched final summer season, turned a prime vendor in South Korea within the second half of 2024. It launched in Europe in November, beginning at roughly 36,000 euros ($38,000).

Kia can be getting into the electrical sedan market with the EV4, which follows the EV5 and EV3 in its rising electrical automobile lineup.

Each Hyundai and Kia offered over 200,000 electrical automobiles final yr. The query stays whether or not they can surpass these figures in 2025. What do you assume?



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Tags: BetBigDriveElectricGrowthHyundaiKiaSUVs
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