• Hyundai Hyundai launches its first China-made EV overseas to compete with Tesla and BYD Hyundaiis bringing its first dedicated EV for China overseas, aimed directly at Tesla and BYD. • The new midsize electric SUV is about the same size and price as a Tesla Model Y, but there’s a catch. • Hyundai brings China-made Elexio EV overseas The Elexio is Hyundai’s first dedicated electric vehicle, custom-tailored for Chinese buyers. • It’s built in China through its joint venture with BAIC Motor, Beijing-Hyundai. • Like what Kia does with the EV5, Hyundai is exporting the electric SUV overseas as it looks to keep pace with Tesla, BYD, and other leading EV brands. • Hyundai launched the Elexio in Australia, a battleground market where Chinese brands, like BYD, are quickly gaining market share.
Article Summaries:
- Hyundai has introduced its first dedicated electric vehicle built in China for export, the Elexio midsize SUV, aimed at competing with Tesla’s Model Y and BYD in overseas markets. Launched in Australia, the Elexio is available in an “Elite” trim starting at AUD 59,990 (driveaway) with a 400 V E‑GMP platform, a 160 kW front‑mounted motor, and an 88.1 kWh LFP battery offering up to 562 km WLTP range. A more affordable standard trim will launch in Q2. The SUV’s price is roughly AUD 90 above the Tesla Model Y, but it boasts faster 10‑80 % DC fast charging (38 min) and a large 27‑inch infotainment display. Hyundai’s move seeks to keep pace with Chinese EV leaders in a growing midsize SUV segment.
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