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flag Hyundai halts Ioniq 5 and Kona Electric production due to weak EV demand, sales slump.

flag 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. flag The company sold just 75 Ioniq 5 units domestically in January, with total 2024 domestic sales reaching 16,600 units. flag 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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