Hyundai is shutting down a manufacturing line at its Ulsan plant in Korea, the place the IONIQ 5 and Kona EV are constructed. Though it’s just for just a few days, the transfer comes because the automaker faces slower exports.
Why is Hyundai pausing EV manufacturing in Korea?
For the third time this yr, Hyundai is planning to pause manufacturing of a few of its hottest EV fashions in Korea.
Trade sources stated on Could 20 (by way of Newsis) that Hyundai will shut down Line 2 at its Ulsan plant in Korea, the place it builds the IONIQ 5 and Kona Electrical. The pause will begin on Could 27 and finish on Could 30.
Regardless of launching a brand new low cost marketing campaign in Korea earlier this month, providing over $4,300 (6 million received) in financial savings on the IONIQ 5, gross sales are nonetheless lagging. Specifically, Hyundai has exported considerably fewer IONIQ 5 fashions this yr.
By way of April, Hyundai exported simply 9,663 IONIQ 5s, down from 27,476 offered abroad in the identical interval final yr.
Kona EV exports have additionally fallen sharply. By way of April 2025, Hyundai shipped simply 3,428 Kona EV fashions, down 42% from practically 6,000 final yr.
In line with the report, Hyundai stated in an inner be aware, “The sluggish gross sales within the world electrical automobile market haven’t improved,” including, “Now we have made each effort to safe further orders, however we’re presently unable to safe the amount.”
Following a brief halt in February and April, this might be Hyundai’s third time pausing EV manufacturing in Korea this yr.
In a flip of occasions, Hyundai’s three way partnership in China, Beijing Hyundai, introduced losses improved by over 100 million received ($72 million) in Q1. With its first custom-tailored electrical SUV launching in China later this yr, Beijing Hyundai might flip a revenue by the top of 2025.
The Korean automaker reported its seventh consecutive report gross sales month within the US. The IONIQ 5 stays a high vendor with over 12,000 models offered via April, up 14% from final yr.
IONIQ 6 gross sales, then again, are down 10% this yr, with 4,424 offered via April, and Hyundai doesn’t give a breakdown for Kona EV gross sales.
Hyundai can be providing beneficiant reductions within the US proper now with as much as $12,500 in upfront financial savings on the brand new three-row IONIQ 9. The 2025 IONIQ 5 is a steal with leases beginning at simply $209 per thirty days.
Able to check out Hyundai’s electrical autos for your self? We’ve bought you coated. You should use our hyperlinks under to search out common Hyundai EV fashions in your space.
FTC: We use earnings incomes auto affiliate hyperlinks. Extra.
