Kia Sold More EV9 And EV6 SUVs In US In July Than GM Sold Hummer EVs Throughout Q2
Portfolio Pulse from Anan Ashraf
Kia America sold 3,362 units of its EV9 and EV6 SUVs in July, surpassing General Motors' total Hummer EV sales for the entire second quarter. Kia's EV9 and EV6 models are more affordable compared to GM's Hummer EV, which starts at $98,845. GM's overall EV sales in Q2 were 21,930 units, with only the Cadillac Lyriq EV and Chevrolet Blazer EV exceeding 5,000 units each.
August 02, 2024 | 11:29 am
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General Motors sold fewer Hummer EVs in Q2 than Kia sold EV9 and EV6 SUVs in July. GM's Hummer EV is significantly pricier, starting at $98,845, which may impact its competitiveness.
GM's lower sales of the Hummer EV compared to Kia's EV9 and EV6 in a shorter time frame could indicate a competitive disadvantage due to higher pricing. This may negatively impact GM's stock in the short term.
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