
Hyundai Hits the Brakes on Ioniq 5 and Kona Electric Production Amid EV Demand Drought
Hyundai is temporarily halting production of the Ioniq 5 and Kona Electric due to declining domestic EV sales. During the recent month, only 75 units of the Ioniq 5 were sold in South Korea, leading to disappointing overall sales figures for 2024.