Hyundai to suspend EV production in S Korea

SEOUL, Apr 17 (Reuters): Hyundai Motor plans to temporarily suspend production of some of its electric vehicles (EVs) in South Korea due to slow demand and US tariffs, Yonhap news agency reported on Thursday, citing unnamed industry sources.

The South Korean automaker is expected to halt operations on some production lines from April 24-30 at its Ulsan complex, where it makes Ioniq 5 and Kona electric vehicles, Yonhap said.

Yonhap added that the suspension comes as EV orders from major markets have fallen sharply in April following the removal of government EV subsidies and US tariffs on imported vehicles.

Hyundai Motor was not available for comment.