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Hyundai halts Ioniq 5 and Kona Electric production due to weak EV demand, sales slump.
Hyundai Motor will temporarily halt production of its Ioniq 5 and Kona Electric models from February 24 to 28 due to weak electric vehicle demand.
The company sold just 75 Ioniq 5 units domestically in January, with total 2024 domestic sales reaching 16,600 units.
Despite introducing discounts, industry experts predict a prolonged global demand slowdown due to the cooling EV market and policy uncertainties under the second Trump administration in the US.
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Hyundai detiene la producción de Ioniq 5 y Kona Electric debido a la débil demanda de EV, caída de ventas.