While legacy automakers General Motors (NYSE:GM) and Ford Motor (NYSE:F) continue to scale down and reassess their EV ambitions, Hyundai Motor Company (OTC:HYMTF) is growing its EV portfolio. After setting a strong foundation with its current EV success in the U.S. with IONIQ 5, IONIQ 6 and Kona Electric, Hyundai will be introducing a three-row electric SUV, the IONIQ 9.

While even the EV king, Tesla Inc (NASDAQ:TSLA) kicked off 2024 by struggling with the slowdown, Hyundai has been enjoying increased interest in its EV offerings. During the first quarter, Hyundai reported that its EV sales surged as...