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Hyundai Motor Group's EV Exports to the US Plunge by Almost 90% in First Five Months of 2023
2025-07-22 /
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Author：小编
During the first five months of this year, Hyundai Motor Group's exports of electric vehicles (EVs) to the United States from South Korea experienced a near-90% year-over-year decline. This steep drop is attributed to the company's strategic shift, relocating the production of vehicles destined for the US market to its newly established factory in the United States. The data, disclosed on Tuesday, underscores shifting global demand patterns for electric vehicles and the corresponding adjustments in corporate production strategies.
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