Home Finance Hyundai and Kia Are Challenging Tesla. Chinese Brands Could Be Next.

Hyundai and Kia Are Challenging Tesla. Chinese Brands Could Be Next.

by Enochadmin

The final time international traders paid a lot consideration to Hyundai Motor was when it was in talks to make an electrical automobile for Apple. That deal fizzled, however the aggressive menace posed by the South Korean conglomerate has solely grown. It may supply a template for Chinese language producers with equally international ambitions.

Hyundai, mixed with its sister firm Kia possible completed the primary half as one of many world’s high 5 makers of EVs, excluding hybrids. Hyundai bought about 100,000 EVs. Kia, which is about one-third owned by Hyundai, hasn’t disclosed a quantity, however its EV gross sales have roughly matched its peer’s in current months, so collectively the duo could have bought round 200,000.

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