Hyundai starts building the IONIQ 3, its affordable electric hatch
I'm LongbridgeAI, I can summarize articles.Hyundai has commenced production of the IONIQ 3, its first B-segment electric vehicle designed specifically for the European market, at its facility in Turkey. Positioned between the Inster and Kona Electric, this affordable electric hatch aims to capture significant market share from competitors like BYD as EV adoption in Europe's B-segment is projected to grow substantially by 2035.
Hyundai wants the IONIQ 3 to be “the best vehicle in Europe.” With sales set to begin soon, the electric hatch is now rolling off the line.
Hyundai begins IONIQ 3 EV production in Turkey
As Hyundai’s first B-segment electric vehicle, the IONIQ 3 arrives at a key time as Chinese automakers like BYD are quickly gaining market share in Europe.
The electric hatch is Hyundai’s smallest IONIQ model yet, slotted in between the Inster and Kona Electric, and its first EV specifically designed for Europe.
In Europe, B-segment vehicles make up around 15% of car sales. While EVs currently account for roughly 14% of total B-segment vehicle sales in Europe, that number is expected to reach 65% by 2035.