Tuesday, July 5, 2022

Hyundai Motor Group head says Hyundai, Kia to sell one million EVs in 2025

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Hyundai Motor Group leader Euisun Chung said on Tuesday flagship Hyundai Motor <005380.KS> and sister company Kia Motors <000270.KS> aim to sell 1 million electric vehicles (EVs) in 2025, together targeting over 10% of global market share of EVs.

Hyundai Motor plans to launch a next-generation electric vehicle with a driving range of 450 kilometres per charge and charging time of 20 minutes or less, Chung said in a televised video message.

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