you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 3 days ago

While pre-orders are open in China, they’re not open anywhere else… yet. Hyundai acknowledges that China is at the forefront of global mobility, and thinks its entry into the country’s EV market will help it succeed globally. Which means it does want to offer the Ioniq V to worldwide markets, but it doesn’t have a timeline for that yet.

This is entirely speculation with no source on them planning an international release. It's entirely possible they won't be allowed to produce it outside of China.

This is designed and manufactured by their Chinese subsidiary. Like every non-Chinese automaker other than Tesla, they're not allowed to fully own their Chinese subsidiary. Meaning if they sell these in China, BAIC gets 50% of the profit. If they start selling them outside of China, they'd be using a Chinese-sponsored design to compete with Chinese automakers (since they likely wouldn't want to produce and sell through Beijing Hyundai, but rather through Hyundai) globally. They'd probably be punished for that.

But this is also just speculation.

  • source
  • parent