TECH - Can't Catch Tesla Yet But South Korea's Hyundai And Kia Gain Ground With Record-High EV Market Share In US | Benzinga
South Korean automaker Hyundai Motor (OTC:HYMTF) and sister company Kia Corp have reportedly secured their largest share of the U.S. electric vehicle (EV) market in the first five months of 2024.
What Happened: According to data from the Korea Automobile Manufacturers Association, Hyundai and Kia collectively accounted for 11.2% of the U.S. EV market, which translates to 48,838 units out of the 437,246 EVs sold in the U.S. from January to May, Yonhap News Agency reported.
The two companies ...