Hyundai’s luxury brand, Genesis, sold more EVs in the US last year than Lexus and Lucid. Genesis’ EV sales nearly quadrupled in the US in 2023 as the luxury brand expands its presence.
The brand is quickly expanding in the US as new models roll out. Genesis EVs were available in 33 states as of October, more than double that of early 2023.
Genesis launched its first all-electric vehicle, the GV60, in the US in May 2022. It has since added the Electrified GV70 SUV and Electrified G80. The GV70 was the first EV built by Genesis (Hyundai) in the US, rolling off the assembly line almost a year ago.
The brand’s commitment is paying off. Genesis saw the highest percent sales gain among Hyundai Motor brands (including Hyundai and Kia).
Genesis sold 6,403 EVs in 2023, according to data from Cox Automotive. That’s up 283% from the 1,671 handed over in 2022.
Left to right: Genesis GV60, Electrified GV70, and Electrified G80 (source: Genesis)
The Genesis GV60 led the way with 3,400 models sold, followed by the Electrified GV70 (1,674) and Electrified G80 (1,329), all with at least triple-digit YOY growth.
Genesis claimed 0.5% of the market in 2023, with a 0.6% share in Q4. In the last three months of the year, Genesis sold 2,042 EVs, nearly as many as Porsche in the US with 2,358. However, Porsche only has one all-electric vehicle, the Taycan.
Genesis GV60 electric SUV (Source: Genesis)
Hyundai Motor (including Kia and Genesis) committed to adopting Tesla’s NACS, which will enable wider charging access (and likely drive EV adoption).
The new 2024 Genesis Electrified G80 gained a cheaper Advanced trim that’s $5,380 less than last year’s model. The new trim brought the starting price down to $75,570. Genesis also dropped the price on the Prestige trim to $80,320, $630 less than the 2023 model.
With its tire-blistering acceleration and record-setting performance, the Xiaomi SU7 Ultra has been getting attention throughout the auto industry, impressing everyone who’s seen it. That “everyone” now seems to include the OG supercar brand, itself.
CarNewsChina posted pictures from a Weibo user that reportedly show a Xiaomi SU7 Ultra exiting the storied Ferrari factory in Maranello, Italy. According to a Chinese blogger going by 西米露在博洛尼亚 (which seems to translate to “Sago Dessert in Bologna”), the prancing horse brand is actively benchmarking the Chinese hypercar for its own upcoming EV.
The SU7 Ultra was definitely coming from inside Ferrari’s facility. After verification, we learned this specific vehicle was officially purchased by Ferrari for testing, and the development of their next-generation electric platform.
The Xiaomi SU7 Ultra made its debut last year, promising 1,548 hp, sub 2.0-second 0-60 mph times, and a top speed well over 200 mph – all at a price lower than a Tesla Model S Plaid or Porsche Taycan Turbo GT. The car sold out almost immediately after it was unveiled, racking up some 50,000 orders almost overnight.
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The new electric benchmark
Xiaomi SU7 Ultra at Fiorano; via Weibo user Piniluoshan.
In the automotive world, “benchmarking” is a process in which car companies systematically tear down each others’ competitive products to compare everything from sound insulation, vehicle ride and handling, component materials, and even manufacturing methods against their own or against other industry leaders. The goal is to evaluate performance, cost, quality, and other key metrics, effectively figuring out “where they stand” in the market.
Featured image via Xiaomi; sources throughout the post.
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We’re finally getting our first teases of the upgraded 2027 Chevy Bolt, built on GM’s battery/motor platform formerly known as Ultium. So far, so good for the vehicle, which will be revealed later this Fall.
Chevy took to social media today to tease the 2027 Chevy Bolt, saying, “You asked, we listened. The #ChevyBolt is back and better than ever. More this fall. 👀”
Chevy ended the original Bolt program with the 2023 model, which was loved by a loyal group of customers (including myself). Some of the major gripes, including charging speed and rear brake lights, already look to be addressed. Also, a new more aggressive fascia is debuting.
Hopefully, the new Bolt will have improved charging speeds over and above the 54kW that previous Bolts adhered to. One possible downgrade is that the old Bolt’s amazing wireless CarPlay/Android Auto system will likely be replaced by GM’s move to Android’s built-in experience. For a few years, the Chevy Bolt was the most affordable long-range EV, and it won our 2022 Electrek car of the year for its versatility and price.
I would, of course, like to see the new Bolt as a hot hatchback, but GM CEO Mary Barra has hinted that it will likely take more of the EUV’s SUV form factor. Things like AWD options, SuperCruise, pricing, power and range are yet to be revealed, but stay tuned to Electrek for the latest on Bolt developments.
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On today’s test-acular episode of Quick Charge, it’s a new day and a new Chinese ADAS test for Tesla to conquer – but this one’s got a LOT more pedestrian carnage to parse through! We’ve also got some great e-bike deals from Retrospec and a bladder-busting Hyundai.
Today’s episode is brought to you by Retrospec – the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure! To that end, we’ve got a pair of Retrospec e-bike reviews followed up by the updated Hyundai IONIQ 6 with nearly 350 miles of range from its updated long-range battery. With that, Hyundai now has the longest range Korean EV on the market, while Texas is adding megawatts of battery energy storage to beef up its troubled grid, and it’s doing so faster and cheaper than ever before.
Plus: Quick Charge listeners can get an extra 10% off the price of their next awesome e-bike by using code ELECTREK10 at retrospec.com!
New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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