Hyundai Motor’s Ioniq 5 started to roll out of its Ulsan factory on Wednesday, but it remains to be seen whether the 40,000 customers who have preordered the model will be able to get their hands on the car before state subsidies for EV purchases
The Ioniq 5 from Hyundai Motor should probably be the most anticipated EV model in the market at the moment. It is the first model to be made on Hyundai's dedicated platform E-GMP The Korea JoongAng Daily recently got behind the wheel of...
Subsidies for electric vehicle purchases risk breaking the bank, as demand has been much higher than forecast and local governments may not be able cover their obligations.
Hyundai Motor’s Ioniq 5, the first electric vehicle (EV) on its dedicated E-GMP platform, has already run into problems before it even makes it off the production line.
Hyundai Motor’s electric vehicle (EV) drive is facing an unexpected bump in the road as it has been forced to slash production of its ambitious Ioniq 5 SUV due to a shortage of components.
The Korean government will invest 200 billion won ($175 million) through next year in developing semiconductors for “future cars.” The decision follows the global shortage of automotive semiconductors for electric cars.
Korea’s auto industry is increasingly divided into two groups, one capable of handling explosive demand and looking to a bright future and the other on the brink of bankruptcy.
Hyundai Motor Group has suspended development of diesel engines in the latest step of its shift toward zero emission vehicles.