Hyundai CEO Randy Parker emphasizes the company's commitment to EVs, investing in a $7.6 billion manufacturing facility and focusing on product success amidst sluggish EV demand.
Hyundai's EV models like Ioniq 5, Ioniq 6, and Kona Electric are performing well, with the Ioniq 5 N winning the 2024 World Performance Car award, contrasting with other automakers' struggles.
Globally, Hyundai saw a decline in electrified model sales and operating profits, but the domestic outlook remains positive, positioning the company as the world's 3rd largest in terms of sales.
While some automakers are scaling back on EV investments, Hyundai's focus on EV products and performance demonstrates a strong commitment to electric mobility.
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