Hyundai to build Tesla knockoff for Chinese EV maker Arcfox
South Korean automaker Hyundai Motors plans to build EVs under the brand Arcfox, a Chinese electric car company co-owned by BAIC Motor Corp.
Hyundai and BAIC agreed to build Arcfox EVs at the South Korean automaker’s Beijing plant, according to a new report from the Korean Economic Daily Global.
Established in 2017, Arcfox is a 50-50 joint venture between Hyundai and BAIC. The electric car brand has several models in production, including the Alpha-S.
The Arcfox Alpha S looks like a cross between the Tesla Model S and Hyundai’s IONIQ 6. Arcfox released a new “HI” version as its first EV powered by Huawei technology that looks even more like a Tesla.
Industry sources said discussions are still ongoing Wednesday. If true, it would be the first time Hyundai produces EVs under a foreign brand.
The move comes as Hyundai looks to turn things around in the world’s largest EV market. Hyundai’s market share in China has fallen from a peak of 7% to less than 1% last year, with only 254,000 units sold.
Beijing Hyundai posted an operating loss of around $598 million (800 billion won) last year as the automaker struggles to gain traction.
Hyundai to build Arcfox EVs to regain China market share
Hyundai hopes manufacturing EVs under a new brand can help spark life into the brand. “The cooperation suggests Hyundai has yet to give up on the Chinese market,” one of the sources said. They added, “Hyundai is trying to rebuild a bridgehead for expansion in the country by establishing an EV production line.”
The automaker has struggled in the region since 2017 over tension between Beijing and Seoul. With only electrified versions of gas-powered cars available (no dedicated EVs), local drivers have opted for better options.
Reports suggested Hyundai was looking to launch its dedicated IONIQ EV lineup in China but decided against it due to competition with BYD and others.
The move to produce Arcfox EVs could help Hyundai get a foot in the door in China. Hyundai will likely design, build, and conduct quality control at its No. 3 plant in Beijing.
The South Korean automaker has already sold one of its five factories in China to Li Auto in 2021.
Electrek’s Take
Although Hyundai has recently gained some traction in China, with sales up 9% through the first eight months of 2023, it will take more to regain meaningful market share.
China’s EV market is becoming more competitive, with new domestically produced models from automakers like BYD, NIO, and Li Auto taking market share from once-dominant legacy automakers.
Volkswagen, Toyota, and other automakers are experiencing similar situations. VW also decided to partner up to regain market share in China. The company invested $700 million for a roughly 5% stake in XPeng.
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Kia is extending one of its biggest promotions yet, knocking over $10,000 off every EV in its lineup.
Kia knocks $10,000 off EV models
Who said electric vehicles would get more expensive after the $7,500 federal tax credit ended? Kia must not have gotten the memo.
Last month, Kia launched a new promotion, offering a $10,000 customer cash discount for all EVs, including the EV6, EV9, and Niro EV. The discount knocks nearly 25% off MSRP on Kia’s cheapest model, the Niro EV. On the entry-level EV6, it’s 23% off MSRP, while $10,000 off the EV9 is about an 18% discount.
The discounts ended on December 1, but Kia has extended them for at least another month. During its Season of New Tradition sales event, Kia is now offering even more savings.
The 2025 Kia EV6 and Niro EV are now eligible for up to $11,000 in customer cash, including a $10,000 cash back offer and a $1,000 retail bonus cash discount.
If you’re looking for something a little bigger, the 2026 EV9, Kia’s three-row electric SUV, is available with up to $10,500 in bonus cash.
If you choose to finance, Kia is offering 0% APR for up to 72 months, plus $3,500 APR Bonus Cash on the EV6 and Niro EV. The larger EV9 is available with 0% APR for up to 60 months with a $3,000 APR Bonus Cash offer.
The 2025 Kia Niro EV and EV6 are available to lease, starting at $209 and $309 per month for 24 months. The 2026 EV9 is listed with monthly leases starting at $419.
The new sales event comes after Hyundai extended its EV promotions, keeping the IONIQ 5 as one of the most affordable EV leases in the US, starting at just $189 per month.
Kia’s Seasons of New Traditions sales event runs until January 2, 2026. Some deals may vary by region. You can see offers near you by using the links at the bottom.
Interested in test-driving one for yourself? We can help see what’s available in your area. Check out our links below to find Kia and Hyundai EVs near you.
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New Holland’s already excellent C314 mini track loader is even better for 2026 thanks to the debut of a new, all electric version that offers quiet, low maintenance, and emission-free running for round-the-clock operation.
State and federal governments may still be hashing out emissions laws and ZEV requirements, but it’s the municipal governments that write quiet our laws and noise ordinances, and it’s those laws that construction crews are struggling to work around as they bid for lucrative urban jobs. New Holland understands those construction customers’ needs, and its new C314X Electric mini track loader (announced at last month’s Agritechnica) is designed specifically for them.
“We launched the C314 two years ago, and it has become known for its excellent features,” says Francesca Asteggiano, Europe Construction Brands. “Today, we’re developing an electric version to meet growing demand for quieter, more compact machines — reinforcing our commitment to sustainability and innovation.”
C314X Electric
New Holland’s C314X Electric is designed and built in-house as the zero-emission evolution of the diesel-powered C314, and is powered by a 23.5 kWh li-ion battery that sends power to three electric motors — two drive motors and a single hydraulic motor for the boom.
The company says the new C314X has a rated operating capacity that matches the diesel unit at 460 kg (~1014 lbs.) and a hinge pin height of 2.2 m (~7.2 ft.).
Though still “just a prototype” at this point, CASE and New Holland products have a history of making it to production. If when it does, company reps say it will be available in two undercarriage configurations, a “narrow track” version 890 mm wide that can fit through garden gates and man doors, and wide track version 1026 mm wide for heavier duty outdoor and agricultural work.
The stand-on machine uses controls that will be familiar to any mini loader operator — especially those with experience behind the controls of the diesel C314 — and all the implements and attachments that work on the diesel version bolt up to the C314X Electric, making it ideal (the company says) for livestock and horticultural farmers, landscape contractors and residential construction operations, thanks to multiple compatible attachments to ensure full versatility to dig, load, drill, and more.
Stay tuned for pricing and availability, likely set to be announced during ConExpo 2026.
SOURCE | IMAGES: New Holland.
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