Bloomberg News highlighted Hyundai Motor Group's electric vehicles, which are doing well in the US market.
Bloomberg today (26th) 'I'm sorry Elon Musk.
We reported an article titled 'Sorry Elon Musk. Hyundai Is Quietly Dominating the EV Race'.
Bloomberg explained that the Ioniq 5 and EV6, launched by Hyundai and Kia earlier this year, sold 21,467 units until last month, exceeding the sales of all electric vehicle brands other than Tesla.
Although Tesla still sells a lot more cars, Bloomberg said it took 10 years for Tesla to reach Hyundai-Kia sales levels, and even Tesla CEO Musk was impressed with Hyundai's record.
Bloomberg analyzed that among the 30 electric vehicle models currently on the market, few models can be bought for less than $45,000, and there are many small and old models.
Hyundai Motor Group plans to launch a new battery electric vehicle model every year for the next 10 years, and invest $16.5 billion (about 21 trillion won) in Korea to expand electric vehicle production.
(Photo = provided by Kia America Sales Corporation, Yonhap News)