The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
They’re basically one company and they stopped importing EVs. They still build and sell plenty of new EVs in the U.S., made in their plants in the state of Georgia. They’re also currently expanding capacity at their plants, in the hopes of catching more of the growing electric SUV market.
So they no longer sell the top of the line trim level of the Kia EV6, or the Hyundai Ioniq 6, but they’re still building and selling very similar models on the same platform. The Kia EV6 still exists in the lower trim levels, and the Ioniq 6N and the Ioniq 5 and 5N, and their smaller EVs (Kia Niro, Hyundai Kona) are still available, too. Both brands launched their 3-row electric SUVs in the US, too (Hyundai Ioniq 9, Kia EV9).
A lot of companies are slowing down their EV rollouts, but I wouldn’t say that Hyundai/Kia is the best example of that.