Hyundai and Kia have high hopes for 2025 with new electric SUVs arriving. The IONIQ 9, Hyundai’s first three-row electric SUV, and the smaller Kia EV5 and EV3 models are expected to lift sales this year. Here’s what to expect.
Although Hyundai Motor Company, including Kia’s, global sales slipped 1% last year, the Korean auto giant expects things to pick up in 2025.
Hyundai Motor sold more than 7.23 million vehicles last year, down 1% from 2023. The lower sales were mainly due to less demand in its home market of Korea, while growth in the US and Europe helped offset it.
Hyundai (including Kia) aims to sell 7.39 million vehicles this year, representing a 2% increase from 2024 as new models roll out. The confidence comes as some of its most highly anticipated EVs hit the market.
A Hyundai Motor Company official said that despite the rapidly changing environment, “we are continuing to grow as sales in the North American region continue to expand.” Hyundai Motor and Kia plan to turn things around with new electric SUVs rolling out this year.
Kia EV3 (Source: Kia)
What Hyundai and Kia electric SUVs are coming in 2025?
After unveiling the IONIQ 9 at the LA Auto Show in November, Hyundai is expected to launch the larger electric SUV in the US and Korea in the first quarter of 2025, with full-scale sales in Q2.
At 5,060 mm (199.2″) long, 1,980 mm (78″) wide, and 1,790 mm (70.5″) tall, the IONIQ 9 is slightly bigger than Kia’s three-row EV9. The latter is already off to a strong sales start in the US, with over 22,000 models sold last year.
Hyundai IONIQ 9 three-row electric SUV (Source: Hyundai)
It’s also powered by a massive 110.3 kWh battery pack, which provides a driving range of up to 335 miles (620 km WLTP). In comparison, the EV9 has an EPA-estimated driving range of up to 304 miles. Its “lounge-like” cabin is expected to offer more interior space.
The streamlined roof and flush exterior design allow an open, spacious interior with room for up to seven passengers. In the US, it will also come with a native NACS port for charging at Tesla Superchargers.
Hyundai IONIQ 9 Calligraphy interior
Hyundai will build the larger electric SUV at its new manufacturing plant in Georgia alongside the updated 2025 IONIQ 5 as it expands US production. Prices and more will be revealed closer to the launch.
On the other hand, Kia will introduce several new EVs in 2025 as it expands its mass-market lineup. The EV5 will launch in Europe, Korea, and other global markets. It has been on sale in China since late 2023, starting at around $20,500 (149,800 yuan).
Kia EV5 battery options and range (Source: Kia)
According to Korean news outlet Newsis, the EV5 has already helped revamp Kia’s China business, with over 10,000 models sold in 2024.
After launching its even smaller EV3 SUV last summer, Kia’s EV3 was the top-selling electric vehicle in Korea through the second half of 2024. In November, Kia launched the EV3 in Europe, starting at around 36,000 euros ($38,000).
Kia EV3 (Source: Kia)
Although not an SUV, Kia is also launching the EV4, its take on an electric sedan. The EV4 follows the EV5 and EV3 in Kia’s mass-market electric car lineup.
After each sold over 200,000 electric vehicles last year, can Hyundai and Kia top it in 2025? Let us know your thoughts in the comments below.
Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.
According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.
“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.
The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.
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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.
Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.
And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.
The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.
Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.
That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.
The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.
Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.
The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.
Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.
In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.
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U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
— CNBC’s Erin Doherty contributed to this report.
What you need to know today
And finally…
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.
Francis Chung | Bloomberg | Getty Images
When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.
And finally…
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.
Pascal Rondeau | Hulton Archive | Getty Images
The CEO mindset is shifting. It’s no longer all about winning
CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.
In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure.