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South Korean automakers Hyundai and Kia hit their highest export performance ever. The surge in exports was driven by Hyundai’s competitive EVs and expanding global sales.

Hyundai and Kia were recognized for their performance at the 60th Trade Day ceremony in South Korea on Tuesday.

After a record-setting year, both companies won the “Top of Export” award. Hyundai ranked first, with exports reaching $31 billion (+29.6% YOY), while Kia came in second with $23.5 billion (+30.7%).

The growth comes amid rising interest rates, supply chain shortages, and deepening protectionism. Hyundai attributes the increase to launching competitive electric vehicles, improving its sales mix, and expanding globally.

New EV models based on Hyundai’s E-GMP platform are leading to an improved sales mix. Hyundai and Kia’s dedicated EVs, including the IONIQ 5, IONIQ 6, and Kia EV6, were big factors in achieving record exports.

The company says its new EVs are “playing a major role in helping Hyundai Motor Company and Kia secure leadership in the global electric vehicle market.”

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2023 Hyundai IONIQ 5 (Source: Hyundai)

Hyundai and Kia EVs lead to record exports

EV exports nearly doubled between the two companies, from 119,569 in 2020 to 218,241 in 2022.

In the US, Hyundai and Kia had their best November sales months ever. Both companies have achieved 16 straight months of year-over-year (YOY) growth in the states.

Strong demand for Hyundai and Kia EVs propelled the brands to second place in US electric vehicle sales behind only Tesla in Q3. According to registration data, Hyundai and Kia accounted for 7.5% of US EV sales in the third quarter, surpassing GM’s Chevy (5.9%) and Ford (5.5%).

Hyundai-record-exports
2024 Kia EV6 (Source: Kia)

This comes despite not qualifying for the $7,500 EV tax credit (only through leasing). Hyundai’s Global President, Jose Munoz, told Reuters last month he is “still very bullish” on EVs, pointing to sales doubling YOY.

“Based on what I see, I need more. If I had more capacity today, I could sell more cars,” Munoz explained.

Increasing EV production to meet demand

Hyundai and Kia are actively expanding EV production to respond to rising global demand for EVs. As such, the company expects EV exports to continue to break records in the future.

Hyundai broke ground on its massive dedicated EV factory in Ulsan last month. Once up and running, the plant will be able to build 200,000 EVs a year.

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2024 Hyundai IONIQ 6 Limited (Source: Hyundai)

After starting construction on its first US EV and battery plant in the US last October, Hyundai said 99.9% of the foundation work is now complete. The $5.5 billion mega facility will enable Hyundai EVs to qualify for the EV tax credit, which will help boost momentum further.

The automaker also opened a new dedicated plant for custom EVs. The seven-story smart facility can produce 30,000 EVs a year.

Electrek’s Take

Despite recent media headlines claiming the EV market is slowing, brands like Hyundai and Kia are doubling down, and the results are showing.

Hyundai and Kia are setting records with unique all-electric vehicles. The IONIQ 5 and EV6 continue to rack up awards while gaining popularity.

The brand expects its next wave of EVs to keep the momentum going. Kia’s first three-row electric SUV, the EV9, is rolling out globally. The new electric SUV already has reservations in all 50 US states.

Kia revealed several new affordable EVs, including the EV5, EV4, and EV3, at its annual EV day. The new electric models will help expand the brand as the industry shifts to electric.

Meanwhile, Hyundai is expected to reveal its first three-row electric SUV, the IONIQ 7, next year.

Source: Hyundai

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Video: Exploring the outdoors and testing off-road capabilities with NIU’s XQi3

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Video: Exploring the outdoors and testing off-road capabilities with NIU's XQi3

With the winter in full swing, it’s easy to spend most of the time indoors, but if you’re still looking to scratch that itch to get out and spend more time outside exploring, the XQi3 by NIU is the perfect solution to explore both trails and urban spots. On top of NIU designing the XQi3 with some great handling for off-road riding, it’s also fully street-legal.

It’s always a blast to be out in the trails enjoying nature but for urban areas, there’s usually a lot to explore and luckily the XQi3 is able to be registered as a moped. NIU has an EKHO Dealer collab that enables NIU to sell licensed and registered vehicles to customers directly, making it easy to ride off with a fully compliant street-legal bike. 

Before we get into how it handles off-road let’s go through some of the quick specs.

The XQi3 has a top speed of 45 km/h for street-legal use and up to 80 km/h for off-road. Powering the bike is a removable 72v 32ah LG lithium-ion battery, which gives you a max range of 90km on a single charge, of course, that will vary depending on if you are in eco or sports mode, but it’s certainly plenty of range to explore new trails or new sites without having range anxiety, and since it is removable, you’ll be able to charge it anywhere, anytime.

Okay, now that we got some of those specs out of the way, it’s time to dive into one of the most exciting aspects about this bike which is just how great the handling feels while riding off road. This probably won’t be listed on a spec sheet but the wide grippy seat and overall design of this bike makes it very functional as an offroad bike. 

NIU made this bike for riders to actually use offroad and one of the obvious signs of that is the stock skidplate that they added for more protection. 

While the lightweight feel and torquey motor give a ton of confidence while riding, knowing that the bike is robust enough for this kind of riding is encouraging for trying out new sections that would normally feel intimidating. 

And with that extra level of protection dropping the bike is not as worrying as you might think making it easy to pick up the bike, and continue riding just as you would on any other powersports bike. 

As for the suspension the XQi3 uses adjustable front and rear KKE suspension that lets you fine-tune the compression, rebound, and preload depending on your size and what kind of riding you intend to do. 

While riding through roots and loose dirt the 19-inch off-road tires hold up surprisingly well and with the tread patterns not being too aggressive it’s a great balance between traction and durability since very aggressive tread patterns typically wear out fairly quickly when using them on the tarmac. 

And to brake the XQi3 features 203 mm rear disc brakes and 220 mm front disc brakes giving some great braking action for both on and off-road action. 

NIU also added some great tech onto the XQi3 which includes seamless app connectivity via Bluetooth letting you unlock a world of features from monitoring your battery and vehicle status to tracking your route history. 

In addition NIU is the only company in the category that has the ability to send out OTA updates.

For security the bike uses an NFC card to unlock  but can also be unlocked via bluetooth.

And through your controls as well as the display you can navigate to eco or sport mode and you can also use the Ultraboost to get you up to 8000W up from the 3500W of rated power. Through the display you’ll also be able to check your battery level, speed, lap times and more. 

For added safety, NIU included an emergency kill switch where if disconnected, the feature will automatically cut off power to the motor just in case of any emergency. 

For those unfamiliar with NIU, the brand is now celebrating their 10 year anniversary and with that they’ve announced that the brand will be starting assembly in the US and is soon entering into the powersports segment .

Overall this is a great feeling offroad bike that is fully street-legal and comes with all the requirements to be fully compliant as a road-legal moped. I had a ton of fun exploring 

With the XQi3, the premium build quality, long range, and flexibility make it a blast to go out even if it’s the middle of winter. 

To check out NIU on socials you can find them @niumobility and for more of their lineup you can check out their website here.

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3,500 unit order gives British telecom UK’s largest commercial EV fleet

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3,500 unit order gives British telecom UK's largest commercial EV fleet

British telecom provider BT Group has committed to adding 3,500 new EVs to its commercial truck and van fleet over the next two years, bringing its total EV count to 8,000 units and giving it the largest electric vehicle fleet in the UK.

With more than 27,000 in its total fleet, BT Group is one of the largest operators of commercial vehicles of any kind – ICE or electric – in the UK. Now, the company says it has plans to become a fully net zero business by 2031, and looks to electrify all (or nearly all) of its vehicles over the next five years.

Company executives believe the addition of the new EVs (which will see a mix of vehicles deployed from Ford, Stellantis, Toyota, and Renault) will give it “the edge” as it aims to upgrade UK residents to full fiber internet.

By integrating yet more electric vehicles into our operations, we are taking another significant step towards reducing our carbon footprint and supporting the UK’s transition to a greener future,” said Simon Lowth, Chief Financial Officer, BT Group. “As we extend our full fiber build from 16 million homes and businesses today to 25 million by the end of 2026, having the most efficient, sustainable electric vehicles will give our engineers the edge as they connect customers at pace to our next generation networks.”

In addition to pushing for its own carbon neutrality, BT Group is fighting the good fight – and is among a small number of large fleet operators in the UK actively supporting the nation’s proposed 2030 ban on ICE vehicles.

As such, political supporters of the ban have been quick to sing BT Group’s praises. “We want to help more businesses decarbonize their operations,” explains Lilian Greenwood, Future of Roads Minister. “(We’ve) extended our plug-in van grant with £120m funding to help roll out more zero emission vans on our roads – part of our £2.3bn to support industry and consumers switch to EVs and make the transition a success.”

Electrek’s Take

Ford E-Transit work van; via Ford Pro.

Despite all the doom, gloom, and wishful thinking from the anti-EV crowd, the numbers paint a narrative of swift expansion in the commercial EV and ZEV (Zero-Emission Vehicle) markets driven by strong incentives, up-front cost parity with ICE, and proven reductions in vehicle downtime and maintenance costs.

Expect continued growth in the commercial EV space in the months and years ahead, with virtually no going back.

SOURCE | IMAGES: BT Group, via Electrive.

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Illinois awards $100M for electric truck charging corridor, Tesla to get $40M

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Illinois awards 0M for electric truck charging corridor, Tesla to get M

In a move that’s expected to play a crucial role in supporting the transition to medium- and heavy-duty electric vehicles, $100 million of the Biden Administration’s last-minute $635M payout is headed to Illinois to help build out an electric truck charging corridor.

While Tesla failed to secure funding for its heavy-duty electric truck chargers at the Federal level, Tesla was one of four companies – the others being Prologis, Gage Zero, and Pilot Flying J – that will be splitting the $100 million awarded by the Illinois Environmental Protection Agency’s CFI program.

Tesla is understood to have requested fully 40% of the $100MM award, with Prologis requesting $60 million, Gage Zero requesting $16 million, and Pilot requesting $10 million.

The project will facilitate the construction of 345 electric truck charging ports and pull-through truck charging stalls across 14 sites throughout Illinois, with each of the awarded companies putting up some of its own money to support the infrastructure buildout as well. To that end, Prologis is expected to invest $18 million, Tesla $19 million, Gage Zero $4 million, and Pilot travel stations committing $2.5 million.

“Most of the development has happened on the coasts, and there’s nothing really happening in the Midwest, which is not great for long-haul trucking,” said Megha Lakhchaura, Illinois’ state EV officer. “We think that this hub could be of national importance.”

Lakhchaura isn’t wrong. More than 30,000 commercial trucks travel the state’s I-80 and I-90 corridor each day – and electrifying those trucks would make a huge impact in the public health and quality of life along the heavily populated roadways.

The Illinois EPA’s $100 million awards join Illinois utility ComEd’s $90 million push to build out a commercial EV charging infrastructure and encourage commercial EV adoption along the I-80/90 corridors, as well as the state’s own EV rebates for both private and company-owned battery electric vehicles.

SOURCES: TechCrunch, via Yahoo! Finance; MSN.

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