Hyundai is ‘doubling down’ on EVs despite sales slowdown, CEO says

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Hyundai Motor America CEO Randy Parker spoke to us about the future of EV sales, the company’s charging deal with Tesla, and the future of electric vehicles.

Electric vehicle sales may be in a bit of a slump, but Hyundai isn’t deterred. The South Korea-based automaker is “doubling down” on its EV investment, including a $7.6 billion dedicated manufacturing facility in Georgia, said Hyundai Motor America CEO Randy Parker. “While other manufacturers are pulling back on their electrification strategy, we continue to be focused on our products,” Parker said in an interview this week with The Verge.

And both vehicles feature 800-volt architectures, which can add 100 miles of range in as little as seven minutes, depending on the speed of the charger. '“We’re trying to make driving an EV affordable”' “We’re trying to make driving an EV affordable,” Parker said, “but at the same time removing some of those objections when it comes to range and charging.” Also on the horizon is Hyundai’s partnership with Tesla to give its customers access to the company’s Supercharger network.

 

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