Hyundai unveils big electric SUV in fast-growing market [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Hyundai's IONIQ 9 will roll out in the United States and Korea early next year with a range of more than 300 miles, the Korean automaker said in a statement. Launches in Europe and other markets will follow, it said. Three-row SUVs have replaced minivans and station wagons to become the big car of choice for many soccer moms and dads carrying kids and friends around town as well as road trips with lots of passengers and gear. Most EVs are money-losing. But profits from the gasoline-powered versions promise automakers big payoffs as battery costs decline, and early launches give the brands a headstart in the emerging market segment. Lucid, General Motors' Cadillac, Volvo and Vinfast all are launching three-row EVs, while Hyundai corporate cousin Kia already has its own version. "It's a very important segment on the gas side," said Sam Fiorani, vice president at research firm AutoForecast Solutions. "The problem with it is that they are large vehicles and finding a way to desig
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