Hyundai is ‘doubling down’ on EVs despite sales slowdown, CEO says

Hyundai Motor America CEO Randy Parker spoke to us about the future of EV sales, the company’s charging deal with Tesla, and the future of electric vehicles.

Electric vehicle sales may be in a bit of a slump, but Hyundai isn’t deterred. The South Korea-based automaker is “doubling down” on its EV investment, including a $7.6 billion dedicated manufacturing facility in Georgia, said Hyundai Motor America CEO Randy Parker. “While other manufacturers are pulling back on their electrification strategy, we continue to be focused on our products,” Parker said in an interview this week with The Verge.

And both vehicles feature 800-volt architectures, which can add 100 miles of range in as little as seven minutes, depending on the speed of the charger. '“We’re trying to make driving an EV affordable”' “We’re trying to make driving an EV affordable,” Parker said, “but at the same time removing some of those objections when it comes to range and charging.” Also on the horizon is Hyundai’s partnership with Tesla to give its customers access to the company’s Supercharger network.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

verge /  🏆 94. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fox News Cherrypicks Old EVs to Represent The “Foolish” Nature Of All EVsClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »

New 2024 Hyundai Santa Fe vs. Old Hyundai Santa Fe: All the Changes Side-by-SideOne of the greatest automotive glow-ups of all time. We compare the newly redesigned fifth-generation model to the outgoing fourth generation.
Read more »

EU tariffs on Chinese EVs could backfire, hobble Green Deal, BMW CEO saysEU tariffs on Chinese EVs could backfire, hobble Green Deal, BMW CEO says
Read more »

Tesla CEO Elon Musk says he favors ‘no tariffs' on Chinese EVsElon Musk said at a conference in Paris on Thursday that he’ doesn’t agree with President Biden’s tariff on Chinese-made electric vehicle…
Read more »

Tesla CEO Elon Musk says he favors 'no tariffs' on Chinese EVsElon Musk said at a conference in Paris on Thursday that he' doesn't agree with President Biden's tariff on Chinese-made electric vehicle imports.
Read more »

Flos CEO Roberta Silva Steps DownFlos CEO Roberta Silva is replaced by Design Holding CEO Daniel Lalonde in the interim.
Read more »