TECH - Watch Out Tesla Volkswagen: Asian Rival To Launch $21K Crossover EV With 190-Mile Range In Europe | Benzinga
Hyundai Motor Company (OTC:HYMTF) is set to launch an electric version of its Casper mini SUV in Europe, challenging the likes of Tesla and local heavyweight Volkswagen.
What Happened: Hyundai is planning to introduce an electric version of its Casper mini SUV in Europe, according to a report from Teslarati. The vehicle is expected to be priced at around 20,000 euros ($21,515) and will feature a lithium iron phosphate (LFP) battery, offering a range of 200-300 km (125-187 miles).
The production of the Casper EV is expected to commence in July, with deliveries scheduled before the end of the year. The vehicle will be significantly cheaper than Hyundai’s current most affordable electric offering, the Kona EV, which starts at 36,400 euros in the German market.
See Also: Tesla ‘Erred’ With This Move, Bull Analyst Says As He Reduces Expectations For EV Stock
Hyundai’s move to introduce a budget-friendly electric vehicle in Europe is part of its broader strategy to expand its electric vehicle portfolio and regain market share ...