Hyundai launches first electric sedan, the Ioniq 6
Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle market dominated by Tesla Inc.
Hyundai and Kia were already the second-biggest EV shippers globally excluding China in January to May this year, with a combined 13.5% market share that was second only to Tesla at 22 per cent, according to industry tracker SNE Research. The Ioniq 6 could leverage its pricing in the EV sedan market because Tesla has increased prices several times, he added.
It will come in two battery pack options - 53-kilowatt per hour and 77.4 kWh - and will begin production at its Asan plant in South Korea later this year, Hyundai said.
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