Hyundai Motor will lower installment interest rates on select EV models as Korean automakers step up efforts to counter aggressive price competition from foreign rivals, including Tesla.
The EV market may be losing some of its early momentum — but if Hyundai’s Ioniq 3 arrives as planned in 2026, it could change the conversation in a big way.
Tesla is taking Korea’s EV market by storm — the Model Y alone has sold more units than the entire electric lineup of both Hyundai Motor and Kia this year with a total of 46,927 vehicles driving off dealership lots.
Hyundai Motor has torn the wrapping off a new concept car named THREE at the IAA Mobility 2025 event on Tuesday. The car hints at potentially becoming the Ioniq 3 and specifically targets European consumers.
Hyundai unveiled the Ioniq 6 N at the Goodwood Festival, showcasing its commitment to high-performance vehicles with various power train options.
Hyundai Motor will unveil its all-electric Ioniq 6 N high-performance model in London next week, ahead of its domestic launch later this year.
Hyundai Motor on Thursday unveiled a teaser image of its upcoming high-performance Ioniq 6 N EV ahead of its official debut next month.
Hyundai Motor's Ioniq series has sold over 500,000 units globally, the group said Sunday, reaching a milestone for the first time since its launch of the Ioniq 5 four years ago.
Hyundai Motor will pause production of Ioniq 5 and Kona Electric models from May 27 to 30 due to declining EV demand, despite recent promotions and previous production halts.
Hyundai Motor said Tuesday it has launched upgraded versions of the Ioniq 5 electric vehicle and the Kona Electric in Korea with enhanced safety and convenience features.
Korea JoongAng Daily Sitemap
