Hyundai Motor will temporarily suspend production of the Ioniq 5 and Kona electric vehicles at its headquarters factory in Korea next week due to decreased overseas demand. The production halt stems from reduced orders caused by subsidy reductions and policy changes in major markets including Europe, Canada, and the United States. Despite Hyundai's efforts to offer zero-interest financing products and down payment support, these measures have had limited effect. This production suspension reflects the impact of global demand decline and policy shifts, which also occurred in February.
