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Hyundai's EV exports to US plunge 88% amid shift to local production
Hyundai's EV exports to US plunge 88% amid shift to local production

Time of India

timea day ago

  • Automotive
  • Time of India

Hyundai's EV exports to US plunge 88% amid shift to local production

Hyundai Motor Group's exports of electric vehicles (EVs) from South Korea to the US dropped sharply in the first five months of 2025, as the company accelerates its strategy to localise production in the American market, IANS reports. According to data released by the Korea Automobile & Mobility Association (KAMA), Hyundai Motor and Kia together exported 7,156 EVs to the US between January and May — an 88 per cent decline from 59,705 units in the same period last year. This marks the lowest January–May export volume to the US since the group began intensifying its electrification efforts in 2021. Hyundai, including its Genesis brand, recorded shipments of 3,906 EVs — down 87 per cent year-on-year. Kia's exports fell even further, by 89.1 per cent, to 3,250 units. Uncertain outlook The steep decline follows Hyundai's decision to shift production of EVs for the US market to its new facility in Georgia — Hyundai Motor Group Metaplant America. In the first half of the year, the plant produced 28,957 units of the Ioniq 5 and 4,187 units of the Ioniq 9. Despite the push to produce locally, Hyundai and Kia have seen their overall US EV sales fall. According to Wards Intelligence, the group sold 44,555 EVs in the US during the first half of 2025 — a drop of 28 per cent compared to the same period in 2024. The outlook remains uncertain, with potential impacts from upcoming policy changes. Industry analysts warn that the planned phase-out of US EV tax credits in September — under the 'One Big Beautiful Bill Act,' a tax reform measure led by President Donald Trump — could further dampen sales. A report by the Federation of Korean Industries (FKI) estimates that Hyundai Motor Group could lose up to 45,828 units in annual US EV sales, amounting to a projected revenue loss of $1.95 billion. The US accounted for 36 per cent of Hyundai's total EV exports last year.

Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of
Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of

Miami Herald

time14-07-2025

  • Automotive
  • Miami Herald

Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of

You wouldn't typically take an electric crossover to the Arctic Circle. You'd take a shovel, a thermos, and maybe a Ford Super Duty filled with regret. But one stock Hyundai Ioniq 5 has just completed a 19,743-kilometer round trip from Ontario to the Arctic Ocean - and back - without a drop of man behind the wheel, Patrick Nadeau, set off from Hyundai Canada's headquarters in Markham on April 24, reaching the remote town of Tuktoyaktuk, Northwest Territories, by June 10. His car? A showroom-spec 2025 Hyundai Ioniq 5 Preferred AWD with the Ultimate Package, wrapped for visibility, but otherwise untouched. The real test wasn't range. It was resilience - and the Ioniq 5 passed on both fronts. This was no lightly padded road trip. Over nearly 20,000 kilometers, Nadeau's Ioniq 5 averaged 18.9 kWh/100 km, needed 87 charging stops, and carried 400 pounds of gear - including a full-size spare. Total cost in electricity? Just $1,403 CAD - or around $1,025 USD - for a journey that would've cost more than twice that with this wasn't the high-performance Ioniq 5 N, the $66,000 beast that Hyundai recently dropped a competitive lease deal on. This was the more grounded, long-range version, and that made the feat more relevant - especially for real-world EV buyers who are less interested in drift modes and more concerned with how their EV will perform on a winter course, for those still cross-shopping the Ioniq 5 N, experts have suggested there might be better value in trims like the Limited or Preferred unless you're heading straight for a race track. This journey underscores that point - a factory-standard Ioniq 5 handled thousands of kilometers, gravel roads, flooded ferry crossings, and wildfire detours with zero mechanical complaints. It's what you'd call a stress test in the real world. Hyundai also used the trip to support its Hope on Wheels campaign, shooting virtual reality content that will soon be delivered to children's hospitals across Canada. The goal: provide young patients with immersive VR experiences of Canada's north, bringing the Arctic into treatment rooms through the eyes of the Ioniq 5's mission aligned nicely with the Ioniq 5's broader appeal - a car that's as comfortable in slushy city commutes as it is charging through the Yukon. As we saw in our review of the refreshed 2025 Ioniq 5 Limited, the car blends performance, comfort, and usability in a way that's steadily won over skeptics. After reaching the Arctic Ocean and pausing briefly in Ucluelet, British Columbia during the 2026 Ioniq 9 media launch, Nadeau turned the journey home into a rapid-fire sprint, averaging over 1,000 km per day. A trip that started as a slow-paced sightseeing mission became a no-nonsense return leg that proved the Ioniq 5's rapid charging ability and fatigue-free ride charging miracles. No super-secret prototype tweaks. Just a regular Ioniq 5 and a bit of planning - the same kind of trip more EV drivers may soon find themselves attempting as infrastructure short, this wasn't just a road trip. It was a rolling case study - not in speculation, but in execution. The Ioniq 5 didn't just survive the Arctic. It made it look easy. Copyright 2025 The Arena Group, Inc. All Rights Reserved.

Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of
Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of

Auto Blog

time14-07-2025

  • Automotive
  • Auto Blog

Hyundai Ioniq 5 Drives Nearly 20,000 KM to the Arctic Ocean on a Single Charge… Sort Of

You wouldn't typically take an electric crossover to the Arctic Circle. You'd take a shovel, a thermos, and maybe a Ford Super Duty filled with regret. But one stock Hyundai Ioniq 5 has just completed a 19,743-kilometer round trip from Ontario to the Arctic Ocean — and back — without a drop of fuel. The man behind the wheel, Patrick Nadeau, set off from Hyundai Canada's headquarters in Markham on April 24, reaching the remote town of Tuktoyaktuk, Northwest Territories, by June 10. His car? A showroom-spec 2025 Hyundai Ioniq 5 Preferred AWD with the Ultimate Package, wrapped for visibility, but otherwise untouched. The real test wasn't range. It was resilience — and the Ioniq 5 passed on both fronts. Source: Hyundai Media Centre What It Took To Reach The Arctic This was no lightly padded road trip. Over nearly 20,000 kilometers, Nadeau's Ioniq 5 averaged 18.9 kWh/100 km, needed 87 charging stops, and carried 400 pounds of gear — including a full-size spare. Total cost in electricity? Just $1,403 CAD — or around $1,025 USD — for a journey that would've cost more than twice that with gas. Notably, this wasn't the high-performance Ioniq 5 N, the $66,000 beast that Hyundai recently dropped a competitive lease deal on. This was the more grounded, long-range version, and that made the feat more relevant — especially for real-world EV buyers who are less interested in drift modes and more concerned with how their EV will perform on a winter highway. Of course, for those still cross-shopping the Ioniq 5 N, experts have suggested there might be better value in trims like the Limited or Preferred unless you're heading straight for a race track. This journey underscores that point — a factory-standard Ioniq 5 handled thousands of kilometers, gravel roads, flooded ferry crossings, and wildfire detours with zero mechanical complaints. It's what you'd call a stress test in the real world. Source: Hyundai Media Centre This Wasn't Just About Driving Hyundai also used the trip to support its Hope on Wheels campaign, shooting virtual reality content that will soon be delivered to children's hospitals across Canada. The goal: provide young patients with immersive VR experiences of Canada's north, bringing the Arctic into treatment rooms through the eyes of the Ioniq 5's windshield. That mission aligned nicely with the Ioniq 5's broader appeal — a car that's as comfortable in slushy city commutes as it is charging through the Yukon. As we saw in our review of the refreshed 2025 Ioniq 5 Limited, the car blends performance, comfort, and usability in a way that's steadily won over skeptics. Source: Hyundai Media Centre From Ice Roads To High Speeds After reaching the Arctic Ocean and pausing briefly in Ucluelet, British Columbia during the 2026 Ioniq 9 media launch, Nadeau turned the journey home into a rapid-fire sprint, averaging over 1,000 km per day. A trip that started as a slow-paced sightseeing mission became a no-nonsense return leg that proved the Ioniq 5's rapid charging ability and fatigue-free ride comfort. No charging miracles. No super-secret prototype tweaks. Just a regular Ioniq 5 and a bit of planning — the same kind of trip more EV drivers may soon find themselves attempting as infrastructure improves. In short, this wasn't just a road trip. It was a rolling case study — not in speculation, but in execution. The Ioniq 5 didn't just survive the Arctic. It made it look easy. About the Author Max Taylor View Profile

Can Massive Discounts Get Buyers to Care About the Nissan Ariya?
Can Massive Discounts Get Buyers to Care About the Nissan Ariya?

Auto Blog

time11-07-2025

  • Automotive
  • Auto Blog

Can Massive Discounts Get Buyers to Care About the Nissan Ariya?

By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. The Nissan Ariya Isn't Gaining Traction Since its arrival in the US, the Nissan Ariya has struggled to gain ground with buyers. Touted as the brand's first real electric SUV, the Ariya was supposed to challenge models like the Hyundai Ioniq 5 and Ford Mustang Mach-E. But based on the numbers, it's barely putting up a fight. In all of 2024, Nissan sold just 19,798 units of the Ariya. For the first half of 2025, the figure stands at 11,619 – an improvement over last year's pace, but still underwhelming. Compare that to Nissan's gas-powered Rogue, which moved 245,724 units in 2024 and 109,563 in the first half of 2025. 0:03 / 0:09 2025 Nissan Z undercuts Toyota Supra by a surprising amount Watch More Versus the Hyundai Ioniq 5, the Ariya hasn't been giving a tight contest. The Korean marque sold 44,400 units of the Ioniq 5 in 2024, while the first half of this year already saw 19,092 units delivered to owners. It doesn't help that the Ariya launched late, hampered by chip shortages and supply chain issues. Now that it's more widely available, Nissan seems to be sitting on more inventory than it can move. Massive Discounts, Lease Deals, and 0% Financing According to a recent dealer bulletin obtained by CarsDirect, Nissan is pulling out all the stops to sell the 2025 Ariya, which got updated pricing. Shoppers can now get a $10,000 Customer Cash rebate when purchasing the vehicle outright. That's a huge discount off the sticker price, but Nissan's not done there. Buyers who opt for special financing can choose 0% APR for 72 months and still get $2,500 in bonus cash. On a $50,000 Ariya, the special finance offer works out to be cheaper than taking the cash and applying a typical 7% APR loan. Leases are even more aggressive. In markets like Southern California, the base Ariya Engage trim is being advertised for $179 per month for 36 months, with $4,989 due at signing – an effective cost of just $318 per month. That's cheaper than leasing the current Nissan Leaf, even though the Ariya is larger, newer, and more advanced. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Nissan's Undergoing a Tough Transition It's no secret that Nissan is currently going through a tough transition. The company recently installed a new CEO, Ivan Espinosa, but shareholders expressed doubt in his leadership during the company's latest annual meeting. The Ariya was supposed to mark a new chapter for Nissan, especially in the EV space, but somehow reflects the brand's ongoing struggles. With waning demand for EVs and more competition in the market, Nissan may need more than big discounts to fix its EV problem. Hopefully, the newly updated 2026 Leaf, which is also now a crossover, does that job for the brand. About the Author Jacob Oliva View Profile

South Korea report: domestic sales up 5% in June
South Korea report: domestic sales up 5% in June

Yahoo

time11-07-2025

  • Automotive
  • Yahoo

South Korea report: domestic sales up 5% in June

Domestic sales by South Korea's five main automakers combined increased by almost 5% to 117,390 units in June 2025 from 111,851 units a year earlier, according to preliminary wholesale data released individually by the manufacturers. The data do not include sales by South Korea's low-volume commercial vehicle manufacturers including Tata-Daewoo and Edison Motors, while import brands are covered in a separate report later in the month. The domestic vehicle market last month continued to be supported by the recent roll-out of new products, particularly by the country's largest automakers Hyundai and Kia. Overall demand in the country remains sluggish, however, due to high household debt and weak sentiment. The latest economic data showed GDP shrank by 0.2% in the first quarter of 2025, after growing by 2.0% in 2024. The central bank cut its benchmark interest rate by a further 25 basis points to 2.50% in May, down from a peak of 3.50% in 2024. In the first six months of the year the country's five main domestic vehicle manufacturers reported a 2.7% increase in domestic sales to 687,932 units combined, from 669,592 in the same period last year. Hyundai drove the market higher in this period with sales rising by 2.7% to 354,900 units, while Kia's sales increased just slightly to 276,423 units. Renault Korea reported a 150% surge in domestic sales to 28,065 units year-to-date, reflecting the recent launch of the new Geely-based Grand Koleos Hybrid SUV, while KG Mobility saw its sales drop by 24% to 18,321 units and GM Korea's volumes plunged by 40% to 8,121 units. Global sales by the country's 'big-five' automakers, including vehicles produced overseas, increased slightly to 4,003,240 units in the first six months of 2025 from 3,987,661 units a year earlier – with overseas sales declining slightly to 3,315,308 units from 3,316,284 previously. Hyundai Motor's global sales rose by 1.5% to 358,891 vehicles in June 2025 from 353,566 a year earlier, reflecting stronger domestic and overseas sales. In the first half of the year the company sold a total of 2,066,425 vehicles, slightly higher than the 2,063,844 units sold in the same period last year. Domestic sales rose by 3.8% to 62,064 units last month from 59,804 a year earlier, resulting in a 2.7% increase to 354,900 units in the first six months of the year from 345,704 previously. Overseas sales increased by 1.5% to 358,891 units in June from 353,566 units a year earlier, while year-to-date volumes were down slightly to 1,711,525 from 1,718,410 units, with strong sales in North America offset by weak demand in India. The company's new EV plant in the US state of Georgia became operational last October, producing the Ioniq 5, followed by the Ioniq 9 earlier this year. A Kia model is also set to go into production in 2026. The automaker said it will expand capacity at the plant to 500,000 units per year later in the decade from 300,000 at present. Earlier this year Hyundai set a target of 4,174,000 global vehicle sales for 2025, including its Genesis luxury brand, representing a slight increase over 2024 volumes. This includes 710,000 domestic sales and 3,464,000 overseas sales. In response to the recent US import duty hikes and rising international competition, the automaker stated: 'Hyundai will respond flexibly and with agility to the changing global market environment through local production and sales optimization. The company will particularly focus on maintaining its sales volume of hybrid models, while introducing new models to sustain sales growth momentum.' Kia's global sales increased slightly to 269,652 vehicles in June from 269,201 a year earlier, supported by strong demand for recently-launched SUV models such as the Sportage and Seltos, with 47,492 and 27,665 deliveries respectively, and the Sorento with 19,758 units. In the first six months of the year, Kia's global sales rose by 2.0% to 1,587,161 units from 1,555,697 a year earlier. Domestic sales rose by 4.5% to 46,003 units last month from 44,003 units a year earlier, with the Sorento being its best-selling model with 7,923 domestic deliveries, followed by the Carnival MPV with 6,714 sales and the Sportage with 6,363 units. First-half domestic sales increased slightly to 276,423 units from 275,240 a year earlier. The company sold a further 2,102 special purpose vehicles (SPVs), up from 2,055 a year earlier, most of which were military vehicles delivered domestically. Overseas sales declined by 1% to 222,997 units in June from 224,728 a year earlier, but were up by 2.9% to 1,308,636 units year-to-date from 1,278,402 units, underpinned by an 8% rise in US sales to 416,511units. The Sportage was the brand's best-selling model overseas last month with 41,129 deliveries. Kia is targeting a 4% increase in global sales to 3,216,200 units in 2025, including 550,000 domestic sales, 2,658,000 overseas sales and 8,200 SPV sales, supported by the recent launch of the new K4 and revamped K5 sedans and the Syros SUV in India. In the first quarter of the year the company rolled out its new Tasman pickup truck and the EV4 battery-powered sedan, to be followed by the PV5 and EV5 models this year. The company's medium-term plan is to sell 4.3 million vehicles globally by 2030, including 1.6 million BEVs. GM Korea'sglobal sales fell by 7.6% to 45,165 units in June from 48,860 units a year earlier, reflecting weaker domestic and overseas sales, while in the first six months of the year volumes dropped by 7.4% to 249,355 from 269,422 units. The Trailblazer SUV and Trax crossover vehicle remain by far the company's best-selling models, with most output shipped overseas. Domestic sales continued to plunge last month, by 33% to 1,279 units from 1,901 units a year earlier, while year-to-date sales were down by 40 % to 8,121 units from 13,457 units - as the automaker struggled with rising competition from other domestic manufacturers and from importers. Exports fell by 6.5% to 43,886 units in June from 46,959 a year earlier and by almost 6% to 241,234 year-to-date from 255,965 units. With around 85% of output shipped to the US last year, GM Korea's CFO Paul Jacobson recently told reporters that the company may consider relocating its operations to the US if the recent US import tariff hikes become permanent. KG Mobility (KGM) reported a 1.4% decline in global sales to 9,231 vehicles in June from 9,358 units a year earlier, reflecting sharply lower domestic sales, resulting in an almost 6% drop to 53,272 in the first six months of the year from 56,565 units. The company, previously known as Ssangyong Motor, was acquired in late 2022 by a consortium led by local steel and chemicals firm KG Group. Domestic sales fell by 26% to 3,031 units last month from 4,102 a year earlier, resulting in a 24% drop to 18,321 units year-to-date from 23,978 units, as the automaker struggled to keep up with rising competition from other domestic manufacturers and from importers. Overseas sales increased by 18% to 6,200 in June from 5,256 a year earlier, while year-to-date volumes rose by over 7% to 34,951 units from 32,587 units, as the company continued to expand its global market coverage. KGM plans to further expand its zero-emissions vehicle range, following the launch of a new minivan version of the Torres EVX battery-powered SUV last September. Earlier this year the company launched the new battery-powered Musso EV pickup truck, and is scheduled to begin sales of the Actyon Hybrid later this month. KGM recently entered into a strategic partnership with China's Chery Automobile Company, involving platform licensing and product sharing aimed at helping it strengthen its SUV line-up. The deal will also give KGM access to readily available new energy vehicle (NEV) technologies including vehicle platforms. The automaker in June said it plans to introduce at least seven new models by 2030. Renault Korea's global sales fell by 5% to 8,568 units in June from an already weak 9,002 units a year earlier, reflecting a sharp drop in exports. In the first six months of the year, global sales rose by almost 12% to 47,027 units from 42,133 previously. Domestic sales more than doubled to 5,013 units last month from 2,041 units a year earlier, resulting in year-to-date volumes surging by 150% to 28,065 from 11,213 units - reflecting mainly the recent launch of the new Geely-based Grand Koleos Hybrid SUV. The company recently restructured its assembly plant in Busan, resulting in more production being allocated for the local market. Exports plunged by 49% to 3,555 units in June from 6,961 a year earlier and were down by 39% to 18,962 units in the first six months of the year from 30,920 units, mostly comprising shipments of the Arkana hybrid crossover vehicle (a rebadged XM3). Renault Korea last year confirmed it will continue to overhaul its product range with a strong focus on SUVs, BEVs and hybrid vehicles, starting with the launch of the new Geely-based Grand Koleos hybrid SUV last July and the phasing out of its aging SM6 mid-size sedan at the end of last year. The company recently agreed to produce the Geely Polestar 4 BEV at its Busan plant from the second half of 2025, for sale domestically and for export. "South Korea report: domestic sales up 5% in June" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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