![Check out the updated 2025 Hyundai IONIQ 5 spotted testing in the US [Images]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2024/09/Hyundais-EV-plant-supplier-1.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
Check out the updated 2025 Hyundai IONIQ 5 spotted testing in the US [Images]
Hyundai’s updated IONIQ 5 was officially caught out in the wild. Ahead of its launch, the new 2025 Hyundai IONIQ 5 was spotted testing in the US. From the first look, Hyundai’s best-seller is getting even more stylish with a bold new facelift. It will also come with a Tesla NACS port.
It’s been a month since Hyundai unveiled the updated 2025 IONIQ 5. The new model will be the first vehicle built at Hyundai’s $7.6 billion EV plant in Georgia, opening as soon as this month.
The “IONIQ 5 has been a sales success for us since day one,” Hyundai Motor’s North American CEO, Jose Munoz, said during the event. Hyundai’s electric SUV was the sixth best-selling EV in the US last year, with nearly 34,000 models sold.
The momentum has continued this year, with the IONIQ 5 placing fourth in Q2. However, the updated model is poised to attract even more demand.
Hyundai’s new 2025 IONIQ 5 will not only be the first US-made EV at its new facility but also the first to include an NACS charging port.
New IONIQ 5 buyers will have access to over 17,000 Tesla Superchargers, double the number of DC-fast chargers for current IONIQ 5 drivers.
Here’s the new 2025 Hyundai IONIQ 5 spotted in the US
Hyundai equipped the new model with more battery capacity (63 kWh vs 58 kWh), which is expected to enable over 310 miles driving range. Current IONIQ 5 models top out at 303 miles.
Ahead of deliveries starting this fall, the new Hyundai IONIQ 5 was spotted out in the wild. The latest images from KindelAuto reveal the electric SUV’s sleek style overhaul.
You can immediately see upgrades with a new front and rear bumper design, which adds to its already stylish design.
The interior received several upgrades, including Hyundai’s next-gen infotainment system, a new center console, and a redesigned steering wheel. The new infotainment system includes a 12.3″ navigation screen with built-in Wireless Apple CarPlay and Android Auto.
Hyundai’s 2025 IONIQ 5 gains an off-road XRT trim built for those “who want to play in the dirt and have all-electric adventures.”
The rugged new variant has bold design elements, including “XRT-exclusive” front and rear bumpers. Hyundai’s XRT model was also recently spotted testing ahead of deliveries.
| 2025 Hyundai IONIQ 5 powertrain | Trim | 2024MY Range | New Range (Targeted) |
| AWD | Limited SE/SEL XRT |
260 miles 260 miles N/A |
+250 to +280 miles |
| RWD | SE/ SEL/ Limited Se Standard Range |
303 miles 220 miles |
+310 miles +240 miles |
Hyundai will begin building 2025 IONIQ 5 models in Georgia as soon as this month, with deliveries kicking off shortly after.
Later this year, Hyundai will introduce its first electric three-row SUV, the IONIQ 9. Ahead of its official debut, we got a closer look at Hyundai’s larger electric SUV this week after it was caught with less camouflage. Hyundai confirmed that the IONIQ 9 would be built alongside the new IONIQ 5 in Georgia.
Source: KindelAuto
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Saudi Aramco’s Ras Tanura oil refinery and oil terminal
Ahmed Jadallah | Reuters
Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend.
The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a 5% drop from the previous quarter, which came in at $29.1 billion, as lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.
The average selling price of oil for the second quarter of 2024 stood at $85 per barrel, but dropped to $78.7 per barrel during the third quarter, according to Saudi-based bank Al Rajhi capital, as non-OPEC supply volumes grew.
The oil firm said its year-on-year decline was partly offset by a “reduction in selling, administrative and general expenses primarily driven by a gain from derivative instruments, and a decrease in production royalties largely reflecting lower crude oil prices and a lower average effective royalty rate compared to the same quarter last year.”
Aramco’s dividend includes a base payout of $20.3 billion and an atypical performance-linked one of $10.8 billion. The Saudi government and the kingdom’s sovereign wealth vehicle, the Public Investment Fund, are the main beneficiaries of the dividend, holding stakes of roughly 81.5% and 16% in the company.
The remaining shareholding trades freely on Saudi Arabia’s Tadāwul stock exchange, with the company having finalized its second public share offering back in June.
Aramco’s earnings before Interest and Taxes (EBIT) came in at $51.45 billion in the third quarter, down 17% year-on-year. Aramco’s capital expenditure guidance was brought up 20% to $13.23 billion.
The company was trading at 27.45 riyals following the announcement, down 0.18% on the previous day.
The earnings align with a broader trend across oil majors, whose third-quarter profits have also suffered from declines in crude prices and refining margins. Aramco said it achieved average realized crude price of $79.3 per barrel in the third quarter, compared with $89.3 per barrel in the same period of last year.
Saudi Arabia, the world’s largest crude exporter who produces roughly 9 million barrels per day of crude at present, serves as the de facto leader of the OPEC+ oil producers’ alliance, a subset of whom agreed over the weekend to delay a planned December output hike by one month.
“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” CEO Amin Nasser said in a statement. “We also progressed our upstream developments, strengthened our downstream value chain, and advanced our new energies program as we continue to invest through cycles.”
The revenues will be a boon to the Saudi economy, which is currently undergoing a diversification process under Crown Prince Mohammed bin Salman’s legacy Vision 2030 scheme spanning a slew of high-cost infrastructure “gigaprojects.”
Earlier this year, Saudi Arabia’s Ministry of Finance cut the kingdom’s growth forecast to 0.8% in 2024, in a steep decline from a previous projection of 4.4%, and raised the outlook for the national budgetary shortfall to roughly 2.9% of GDP, from a prior indication of 1.9%.
On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!
Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.
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Read more: Renewables now make up 30% of US utility-scale generating capacity
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![This 'supercharger on wheels' brings fast charging to you [update]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2024/05/EV-mobile-charging-with-Yoshi-Mobility-3.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”
November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).
It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.
Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”
May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.
“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.
The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)
Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)
Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.
The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.
To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.
Read more: Mercedes-Benz just opened more DC fast chargers at Buc-ee’s in Texas
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