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It isn’t Pi day if we don’t mention it, and we are excited to ask Michael Wood what his favorite “pie” is. Today, we are all in the EV space chatting about broadening lineups for Hyundai, VW, and Jaguar.
- Hyundai is gearing up to expand its electric vehicle lineup with the IONIQ 9, a first-of-its-kind three-row electric SUV from the automaker.
- The IONIQ 9, Hyundai's first three-row electric SUV, follows the success of the IONIQ 5 and 6, with the IONIQ 5 ranking as the sixth top-selling EV in the US last year.
- Utilizing Hyundai's E-GMP platform, the IONIQ 9 promises exceptional space and performance, possibly offering more rear legroom than luxury competitors like the Cadillac Escalade.
- Set to start production in the first half of the year, with US sales expected in mid-2025, the IONIQ 9 will be manufactured at Hyundai’s new EV Metaplant in Georgia, aiming to qualify for the $7,500 EV tax credit.
- The brand is expected to unveil the model in June.
- Volkswagen, once embroiled in the Dieselgate scandal, is now at the forefront of the electric vehicle revolution, embarking on its most ambitious product launch to date on its way to a 100% EV future.
- VW's transformation into an EV powerhouse is marked by the announcement of over 30 new models across its brands, aiming for a record year in 2024.
- "We will invest in our last-generation of ICE vehicles,” which are especially key for hybrids, board member and CFO Arno Antlitz said. Then, he said, “These investments are going to be phased out.”
- In 2023, the VW Group saw deliveries rise 10% globally with an operating profit of €22.6 billion (about $25 billion.)
- Jaguar is embracing an all-electric future with plans to exclusively produce electric vehicles by 2025, including luxury SUVs. This bold transition marks the end of the line for its internal combustion engine (ICE) models as Jaguar seeks a fresh start with a trio of new electric vehicles on a brand-new platform.
- Jaguar will discontinue all current ICE and EV models, including the I-Pace, by 2024 and 3 new electric vehicles, including SUVs, will replace the existing lineup, signaling a major shift towards sustainability and innovation.
- The introduction of a 600 bhp electric four-seat GT car, comparable to the Porsche Taycan, will kickstart Jaguar's new era, with indicative pricing around $127,000 and a range nearing 400 miles on U.S. EPA methods.
- "The most powerful and impressive Jaguar ever produced" signals the brand's aim to compete in the high-performance electric sedan market against rivals like the Audi e-tron GT.
Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
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