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Stock impact report

Hyundai bets that bigger is better as it unveils all-electric Ioniq 9 SUV [Globe and Mail, The (Toronto, Canada)]

Tesla, Inc. (TSLA) 
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US:NASDAQ Investor Relations: ir.tesla.com
If bigger really is better, then Hyundai would like to show you the new Ioniq 9. It's an all-electric three-row SUV, and it has the longest wheelbase of any Hyundai in production. Although pricing is not yet official, the South Korean car maker is keen to compare its size to the Tesla Model X and the Rivian R1S, which both sell for at least six figures and are slightly smaller in most areas. It's much more closely related, however, to the Kia EV9, made by Hyundai's sister company in Georgia and with which it shares a platform, though it's modified for the different batteries and longer, 5,060-millimetre wheelbase of the Ioniq 9. The big Hyundai, which was unveiled at an event in the Hollywood Hills Wednesday evening ahead of the Los Angeles Auto Show, can ream off impressive figures. Its 110.3-kilowatt-hour battery is claimed to be good for at least 500 kilometres in either its rear-wheel-drive or all-wheel-drive versions, and probably closer to 600 kilometres with the rear-wheel Show less Read more
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