Hyundai’s Electric car entry might be a threat to Tesla the leading electric Manufacturing company in the US.
Hyundai intends to introduce their two EVs and one hybrid car in the US market in 2021. Electrified Hyundai Vehicle might open an upcoming challenge to Tesla.
Hyundai confirms 7.5 $ billion investment for the manufacturing of EV’s in the US by 2025. Hyundai Set up to start manufacturing their green vehicles in the country by next year.
The Company decided to produce 7 SUV’s and 3 cars for their costumers as a symbol of #progressforHumanity. Upcoming models might be Kona Electric, Santa Fe Plug-In Hybrid and Ioniq 5 electric SUV.
Kona and Santa Fe will be launching within a few months, and Ioniq 5 EV will arrive in the market by the end of this year. Various automakers are trying to make electric vehicle production in the US market.
Hyundai comes with their green vehicles this year. Majority of them are likely to be Electric cars . Tesla might face a sweet challenge from its Korean counterpart.
The US is considered the significant market for the electric vehicles industry. Hyundai focused on fundamental market growth in this segment. Kona, Nexo HFCV, Ioniq along with various hybrid and plug-in hybrid models are now available in the US market.