(C): Hyundai - Instagram
Amid falling global demand specifically in Europe, the United States, and Canada, production of Hyundai Ioniq 5 and Kona EVs is shut down again at the main factory in South Korea.
According to industry sources, Hyundai will suspend Line 12 operations in Plant 1 Ulsan 305 km from Seoul from April 24-30, where Ioniq 5 and Kona electric vehicles are produced.
This is not the first time this year that production has been interrupted by Hyundai. The production stoppage in February for five days was a similar case of poor demand forcing a temporary halt of in production of electric vehicles for the export market.
The curtailments in support programs are one of the biggest reasons. Germany and Canada have either reduced or completely removed EV subsidies. In the U.S., import tariffs are uncertain, even more so with potential new policies under a Trump administration.
To maintain sales, Hyundai has offered zero-interest loans in North America and down payment support for Germany and the UK. However, interest has not picked up as they’d hoped.
With the hype of GTA 6 sweeping Indonesia, local gamers are striving hard to ensure that their PCs are well…
The Philippine Lotto has always been more than a game; it is a part of culture, tradition, and hope of…
Sathu 2 is a more provocative, less gentle, and more focused version of the changing faith economy in Thailand, exposing…
With the world still scrambling with the need to have state-of-the-art research ecosystems, IBTEC is coming out as the new…
The Half-Half Scheme has come back with new avatars as Phase 2 in 2025, named Khon La Khrueng Plus, with…
Japanese people have iconic music spectacles in the form of celebrating New Year's Eve every year, and this particular one…
This website uses cookies.
Read More