Shulou(Shulou.com)11/24 Report--

According to foreign media reports, due to the new electric vehicle subsidy program introduced in the United States, it is limited to electric vehicles produced only in the United States, which means that electric vehicles of Hyundai and Kia, the two major brands of Hyundai Motor Group, cannot get subsidies in the United States.

According to foreign media reports, the United States and South Korea are exploring solutions to the differences in electric vehicle subsidy programs, and foreign media say they are expected to be resolved.

Foreign media reported that South Korean Trade Minister Ahn Duk-geun was discussing with relevant representatives of the United States in the United States, and the representatives of the United States also revealed that they were trying to find a solution.

Hyundai Motor Group is also investing heavily in the development of electric vehicles, and both Hyundai and Kia have launched electric vehicles. Foreign media reported that Hyundai IONIQ 5 and Kia EV6, two electric vehicles, have achieved considerable sales in the US market, pushing Hyundai Motor Group's share in the US electric vehicle market second only to Tesla.

However, since neither Hyundai nor Kia has begun to produce electric vehicles in the United States, the subsidy of electric vehicles only to electric vehicles produced in the United States will affect the prospects of Hyundai and Kia electric vehicles in the US market.

According to foreign media reports, Hyundai Motor Group is also speeding up the production of electric vehicles in the United States in order to get subsidies. It has been reported that Hyundai is considering speeding up the construction of an electric car plant in the United States, which was scheduled to start in January 2023 and completed in the first half of 2025 to produce Hyundai IONIQ 7 and Kia EV6.

And this week, it was reported that Hyundai and Kia are considering switching two US plants to electric cars, producing Hyundai IONIQ 5 and Kia EV6, respectively, because it will take some time for the new plant to start production.

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