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Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown

Korea Economic Daily LogoKorea Economic Daily1h ago

Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown - Korea Economic Daily

Quick Summary:

Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope with triple the whammy of US President Donald Trump’s tariffs on imported automobiles, the prolonged weakness in the electric vehicle sector and a global economic slowdown.

That will raise the group’s hybrid lineup to 20 vehicles from the current 14 models with eight from Hyundai Motor Co.and six from Kia.Hyundai Motor Co., South Korea’s top automaker, is poised to introduce hybrid models of the mid-size luxury sport utility vehicle (SUV) Genesis GV80 and the GV80 Coupe in September 2026 and the G80 sedan in December.

Kia, South Korea’s No.2 carmaker, plans to introduce the hybrids of the compact SUV Seltos’ next-generation model in January 2026 and the large SUV Telluride in the following month.Hyundai Motor Co.and Kia reported record sales last year with sales of the group’s hybrids up 30.1% to 904,000 units in 2025.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-20 @ 17:48:50 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 767 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 28024360

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 2 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 5 hours ago

Coverage Areas: South Korea

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Publisher ID: #91

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