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Transportation

Hyundai Hits Double-Digit EV Market Share In the US (electrek.co) 45

Hyundai Motor Group, which includes Kia and Genesis, accounted for 10% of the U.S. EV market through the first seven months of 2024, outpacing Ford (7.4%) and GM (6.3%). Electrek reports: Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD. Kia's new EV9, its first three-row electric SUV, is a major part of its growth. According to Kelley Blue Book, Kia EV9 sales outpaced the Toyota bZ4X, VW ID.4, Nissan Ariya, Rivian R1T, and Tesla Model S in the US through the first half of 2024. It even topped Kia's Niro EV sales.

Hyundai's luxury brand, Genesis, remains a dark horse in the US EV market. Genesis is quickly expanding in the US. After adding 21 dedicated retailers in the US this year, including in eight new states, Genesis recently announced it now has 56 standalone facilities. "In two short years, Genesis' retail footprint has grown rapidly from one dedicated retail facility in Louisiana to 56 retail facilities nationwide," Genesis North America COO Claudia Marquez said.

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Hyundai Hits Double-Digit EV Market Share In the US

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  • by rsilvergun ( 571051 ) on Monday August 19, 2024 @08:28PM (#64719596)
    That had a EV charging station and there wasn't a single Tesla there. Oddly enough it was mostly Fords with a couple of kias
    • That had a EV charging station and there wasn't a single Tesla there. Oddly enough it was mostly Fords with a couple of kias

      There's never any Teslas at the L2 chargers by my local grocery store either. My guess would be that most people who own a Tesla and are in need of a charge prefer to hit a significantly faster Supercharger instead. Either that or the whole needing a J1772 to NACS adapter issue isn't worth dealing with.

      One time I did get to park between two other Bolts. [imgur.com] It's the little things.

      Ironically, I don't actually need to use the charger (I have charging at home) but it's free and I figure it's like I'm getting a

    • Tesla owners have to buy an optional CCS adapter [tesla.com] to charge at the high speed L3 chargers that do not use Tesla's NACS plug, like the Electrify America chargers I've seen at some grocery stores.

      I suspect not many Tesla owners have bought one because it costs $250, and with the widespread deployment of Tesla's Superchargers there aren't many places that you would need to use one. My folks did buy one for their Model Y as they like to go to Branson, Missouri which has a few CCS chargers but no Tesla Supercharg

    • That is a common occurrence around here.

      There are a lot of smaller (retail business) parking lots with small L2 chargers installed for 2 or 4 vehicles max. They are rarely occupied by Teslas.

      There are a lot of Teslas around here... they just don't seem to bother charging at the smaller off-brand charging stations. Maybe they don't need to charge up often, maybe when they do they would prefer to use the the big banks of Tesla branded chargers in the main parking garages.

  • Meanwhile (Score:4, Funny)

    by Ogive17 ( 691899 ) on Monday August 19, 2024 @08:33PM (#64719610)
    The Fisker Ocean simply hit double digit sales.

    And I happened to see one last week.
    • It's impressive Fisker had any sales considering they're bankrupt. Again.

      Takes a special kind of person to buy a car from a company you won't be able to get parts or support for in a year.
      =Smidge=

      • Honestly I'd be very very tempted to buy a Fisker at that $14K price. Installing a home battery of a third that size is usually double that price...and you likely have to install a friggin sprinkler system (building codes aren't modern yet).

        But a 90Kwh car battery? pshaw, no sprinkler for that!

        V2H interface and just leave it in the garage.

        I'd imagine home usage would be significantly less stressful battery than mobile car usage.

        • Home batteries are usually a complete different technology.

          • Yes, but building codes aren't updated to acknowledge the better safety of different types used for home batteries. Lithium Ion batteries definitely need the sprinkler systems, yet a LI battery of triple the size in a car does not.

        • > V2H interface and just leave it in the garage.

          Fisker vehicles do not support V2H - it's a promised feature that was never implemented and probably never will be.

          Because of that, you can't use Fisker's EV batteries for home storage without significant investment in time and money. You are stuck either trying to roll your own hack to trick the car's systems into doing what you want, or make a whole new battery pack with custom BMS. You'll also need an inverter and grid interaction (transfer switch) hardw

    • Let's see .. Fisker's grandma on both sides .. oh grandpa's too .. that' 4 sales .. then you have Fisker and his wife .. that's 6 total .. then he's got the in-laws .. that's another two .. 8 .. then his two kids .. 10.

  • So, why are we okay with the competition they're bringing to America's EV market, but slapping a 100% tariff on Chinese EVs? It strikes me as such an odd situation that I even had to use that AI song generator to make a song about it. [youtube.com]

    Though, it's probably worth mentioning I don't personally want a BYD. I'm quite happy with the used Bolt EV that I picked up awhile back.

    • Which country do you think is recognized by more U.N. member nations?
    • by hey! ( 33014 ) on Monday August 19, 2024 @10:46PM (#64719826) Homepage Journal

      That's a good question. Both Korea and China subsidize technology R&D and consumer purchases of domestic-made cars -- as does the US. However Chinese subsidies are greater and more comprehensive, including direct cash grants. Chinese subsidies don't just apply to fostering an EV industry, but aim for complete domestic dominance of the entire supply chain.

      There's also the fact to consider the South Korea is a US ally and China is increasingly acting against US international policy with aggressive stances toward US allies like South Korea, Japan, the Philippines and of course Taiwan. China is also a military ally of Russia although it has been circumspect in supporting Russia's war in Ukraine. After viewing Russia's performance they're they appear to be experiencing buyer's remorse.

    • Because the Chinese are dumping the prices in hopes it is going to bankrupt the "west" EV makers.
      In the process they also cut a heck of a lot of corners when it comes to safety, reliability and longevity (some chassis were not even galvanized), but the cars are super shiny.
      To have a working free market, you need all players to play by the same rules and that clearly is not happening with the Chinese.
      • They can not play with the same rules if you put a 100% tariff on their products.

        Assuming they do not fulfill your safety standards while they obviously can be legally sold and bought in your country, is absurd.

      • by mccalli ( 323026 )
        They aren't doing. The Chinese EVs are of excellent quality, and they pass all the safety tests. Here's [BYD getting 5 stars in NCAP](https://www.byd.com/us/news-list/BYD-SEAL-and-BYD-DOLPHIN-awarded-5-stars-in-Euro-NCAP-Safety-Tests.html#:~:text=BYD's%20D%2Dsegment%20sedan%20SEAL,87%25%20for%20child%20occupant%20protection.) for instance.

        Cheaper cars are cheaper - same as for the Western manufacturers. It simply depends at what standards you buy at. It's not labour costs either - I was listening to a po
    • You are really asking that? Because China is the enemy in an ongoing economic war while Korea is an ally.

      • Because China is the enemy in an ongoing economic war while Korea is an ally.

        An "enemy" that we still allow to produce a significant portion of our consumer goods, and even food and medicines. Seriously, next time you're inside a Walmart take a look at the country of origin labels on the boxes. Drawing the line at EVs is an odd flex.

        • An "enemy" that we still allow to produce a significant portion of our consumer goods, and even food and medicines. Seriously, next time you're inside a Walmart take a look at the country of origin labels on the boxes.

          We need to be weaning ourselves off those dependencies TOO.

          It should be clear the national security risks involved with keeping any close fiscal ties to China after covid and seeing how they fscked up supply chains to the US.

    • So, why are we okay with the competition they're bringing to America's EV market, but slapping a 100% tariff on Chinese EVs?

      Government subsidies. The Indonesian government isn't subsidising the Ioniq 5's production. Incidentally the 2025 model will be an American EV manufactured in Georgia.

      Though, it's probably worth mentioning I don't personally want a BYD. I'm quite happy with the used Bolt EV that I picked up awhile back.

      You've driven them? I personally haven't driven a BYD though I've been a passenger in one. Holy shit does a BYD Atto outclass the Bolt in every way shape and form. It's no contest. Nor should anyone expect it to be, the only BYD car on the market in the USA is in a completely different market category than the cheap crappy Bolt.

      So what are you

    • ...because SK is a democracy and Red China is, well, communist...
    • Spoken by someone who has never tried to do business with the Chinese.
    • Why are you OK with the Amazon delivery person knocking at your door to give you something, but not the Jehovah's Witnesses?

      Because outside of 'they're both knocking at your door,' there's no comparison to make. It's not the same situation.

    • For what it's worth, the Koreans have also built several factories to build Kias and Hyundais for the US market in the United States. For EV's alone, they just stood up [apnews.com] a new factory in Georgia that will produce 300k cars a year and employ 8,500 workers.
    • Because the Korean manufacturers have factories in the US. Hyundai and Kia sales mean US jobs. BYD sales not so much.

      =Smidge=

  • When is Bentley going to sue Hyundai Genesis for ripping off their logo? First time I saw it I was like, what .. that's a Bentley?

    • When is Bentley going to sue Hyundai Genesis for ripping off their logo? First time I saw it I was like, what .. that's a Bentley?

      Lots of companies used the wing motif in their logos. Aston Martin and Rolls Royce, for example; it's an Art Deco thing. Unless Hyundai start putting B-shaped hood ornaments on their products they've nothing to worry about, because no-one would ever confuse a Hyundai with a Bentley.

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