Hyundai will launch the all-electric IONIQ 6 SUV and the upgraded Seltos SUV in the United States next year to boost sales.
Hyundai plans to introduce the IONIQ 6 in the US in the first half of 2023, the company said in a statement.
Kia also plans to release the Seltos subcompact SUV in the first half, after launching the high-performance EV6 GT model in the US market which is one of the important EV markets besides China and Europe.
The EV6 GT uses a 77.4 kWh battery that gives it a range of up to 342 kilometers on a single charge. Acceleration from zero to 100 km in just 3.5 seconds.
The two automakers made the announcements during the 2022 Los Angeles Auto Show scheduled for November 17-27 at the LA Convention Center.
Hyundai aims to launch 17 electric vehicle models by 2030, including six Genesis models, with Kia slated to release 14 electric vehicles by 2027.
Hyundai has an auto plant in Alabama and Kia has one in Georgia.
In May, Hyundai Motor Group announced a $5.54 billion investment to build an electric vehicle and car battery factory in Georgia. The facility is targeted to start production in the first half of 2025.
Hyundai and Kia aim to sell 3.23 million electric vehicles, including 840,000 in the US, by 2030 to account for 12 percent of the global electric vehicle market.
From January to October, the automaker’s US sales fell 6.1 percent to 1,210,559 vehicles from 1,289,608 during the same period last year amid an extended chip shortage.
Their sales results were partly affected by passage of the Reducing Inflation Act (IRA), which provides a tax credit of up to $7,500 to buyers of electric vehicles assembled only in North America.
The move has fueled fears that Hyundai and Kia could lose ground in the US market as they build electric vehicles in domestic factories for export to the US.
