Sharjah24 - Reuters: Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle (EV) market dominated by Tesla Inc.
The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group - including Hyundai Motor, its sister company Kia Corp and premium brand Genesis - plans to introduce through 2030 to secure a projected 12% of the global EV market.
Hyundai's sedan will expand its EV range beyond its current crossovers and SUVs to compete head-to-head against Tesla in a popular category.
Excluding China, the world's biggest auto market, Hyundai and Kia together accounted for 13.5% of the EVs shipped globally in the January-May period this year, according to industry tracker SNE Research. That was second only to Tesla, which had a 22% share in the same period.
The Ioniq 6 will have a driving range of about 610 kilometres (380 miles), around 30% more than the Ioniq 5 crossover, Hyundai said.
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