Hyundai Double Digit Ev Market Share In

Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit market share, Hyundai continued closing the gap with Tesla as the second. Hyundai Motor is currently the only manufacturer, to achieve a double-digit market share in the U.S.

EV market alongside Tesla. The South Korean auto giant's success is largely attributed to its volume models based on the E-GMP platform, such as the Hyundai IONIQ 5 and Kia EV6. Hyundai Motor Group, including subsidiaries Genesis and Kia, is the second-largest electric vehicle maker in the U.S.

after hitting double-digit market share last month. Driving the news: The Hyundai group has quickly become one of North America's biggest auto competitors, thanks to its ongoing year. Following a market share in the double digits, Hyundai maintained its position as the second-largest US EV brand, after Tesla, right up to July.

Hyundai Hits Double-Digit EV Market Share In the US (electrek.co) 45 Posted by BeauHD on Monday August 19, 2024 @08:02PM from the just. Hyundai Motor Group, including Kia and Genesis, has significantly impacted the U.S. EV market this year.

The group achieved a double-digit market share, securing its position as the second-largest EV brand in the U.S. through July 2024. Hyundai's strategy of offering a diverse lineup of EVs across its brands, coupled with competitive pricing and advanced technology, has resonated well with.

Hyundai Motor and its sister company Kia both recorded double-digit growth in US sales in July, increasing by over 10 percent on-year, according to the data from the US units of the Korean carmakers. Hyundai and Kia have reached a record-high market-share in the U.S. EV market.

According to the Korea Automobile & Mobility Association (KAMA), the two automakers accounted for 11.2% of the EV market from January to May 2024. The figure dropped to six.