- Hyundai Motor Co.,Ltd. HYMTF own automobile manufacturer Kia Corp. is expected to introduce electric vehicles in the US from 2024.
- The message first appeared on the South Korean medium Maeil Business Newspaper and the television station SBS.
- also read: Asian auto giant launches first electric sedan to take on Tesla Model 3
- The Inflation Reduction Act signed by US President Joe Biden last month excluded Hyundai and its subsidiary Kia Corp from subsidies because the companies did not manufacture electric vehicles in the US. Reuters reported.
- Kia electric vehicle models include EV6, Niro and Sorento.
- Price promotion: HYMTF shares closed at $33.75 on Monday.
- Photo via company
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