Hyundai unveils big electric SUV in fast-growing market

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SAN FRANCISCO : Hyundai Motor unveiled its first three-row electric SUV on Wednesday, pushing into a market for big family cars that global automakers hope will one day be a profit powerhouse.

The handful of models in the market with three-row versions includes Rivian's R1S, starting at $76,000 and Tesla's Model X, which starts at $80,000.

"The whole EV market right now is difficult and (building three-row EVs) is especially difficult because of the higher prices and costs associated with it," said Jessica Caldwell, head of insights at auto research firm Edmunds.

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Category: EconomyBusiness

Markets: SingaporeGeorgiaUnited StatesVietnam

Topics: California November Hollywood Ioniq Three-row Hyundai Event Hills Angeles Electric 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 09:07:08 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 891 words

Reading Time: 5 minutes read

Sentences: 37 lines

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Copyright Owner: © Channel News Asia

News ID: 23726628

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