Reported 8 months ago
South Korean automakers Hyundai and Kia, known for popular hybrid cars, are gaining even more competitiveness in the growing EV market. Investors have seen significant gains, with Hyundai Motor's shares increasing by 85% and Kia's doubling. The companies reported record earnings in 2023, with their success in the U.S. driving growth, as they have more than 10% market share. Hyundai and Kia are focusing on green technology, with a significant portion of their sales being EVs. They are also expanding into the Indian market and moving production capacity from China, positioning themselves for further growth in EVs and hybrids.
Source: YAHOO