TECH - $24K Electric SUV Propels South Korean Auto Giant Past Ford GM In US EV Sales | Benzinga
South Korean automaker Hyundai Motor‘s (OTCPK: HYMTF) North American unit reported a year-on-year jump in electric vehicle sales for the first quarter of 2024, overtaking legacy automakers Ford and General Motors in the process.
What Happened: Hyundai Motor America reported total sales of 184,804 vehicles for the first quarter, marking a jump of merely 0.2%. However, within the electrified segment, the company witnessed a 62% jump, thanks to the sales growth of its Ioniq and Kona models.
Hyundai sells three all-electric vehicles in the U.S., namely the Ioniq 5 SUV, the Ioniq 6 sedan, and the Kona subcompact SUV.
The company sold 6,822 of its Ioniq 5 SUV in the quarter, marking ...