Friday, July 15, 2022, 9:10 p.m.
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Hyundai Motor launched its first on Thursday sedan Ioniq 6, which the South Korean carmaker is betting will gain a larger share of the electric vehicle (EV) market dominated by Teslareports Reuters.
Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group, which includes Hyundai Motor, sister company Kia Corp and premium brand Genesis, plans to bring to market by 2030 to secure 12% of the global market. of electric vehicles.
With the new sedan, Hyundai will expand its range of electric vehicles beyond current crossovers and SUVs to compete head-to-head with Tesla’s best-selling Model 3 sedan.
Hyundai and Kia were already in second place in terms of global electric vehicle deliveries, with the exception of China, in January-May this year, with a combined market share of 13.5%, which was the second after Tesla, 22%, according to research firm SNE Research.
The Ioniq 6 will be priced between 55 million won ($ 41,949.51) and 65 million won for the South Korean market.
“Ioniq 6 will be able to compete with Tesla in the standard electric sedan sector, given its competitive price and long driving range,” said Lee Jae-il, an analyst at Eugene Investment & Securities.
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