Hyundai, Kia Recall Over 208,000 Electrified Vehicles In US: Here's More

Hyundai Motor (OTC:HYMTF) and Kia Corp are together recalling over 208,000 electrified vehicles in the U.S. citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

What Happened: The recall population includes 145,235 Hyundai vehicles and 62,872 vehicles from its sister company Kia.

The integrated charging control unit in the vehicles may become damaged and stop charging the battery, resulting in a loss of drive power, the U.S. auto safety regulator said. A loss of drive power may increase the risk of a crash, it added.

The vehicles included in the recall are certain IONIQ 5, IONIQ 6, Genesis GV60, Genesis GV70 Electrified, Genesis G80 Electrified, and Kia EV6.

Why It Matters: As for a solution, the company’s dealers will inspect and replace the charging unit and its fuse if necessary, NHTSA said.

The company is not aware of any crashes, injuries, fatalities, or fires due to the issue in the U.S.

Earlier this month, Hyundai promoted  Jose Munoz, its U.S. chief and global COO, to the position of co-CEO as part of its strategic preparation for potential challenges that could arise under a second Trump administration.

A second Trump presidency is expected to have a significant impact on the automotive industry, and on EVs in particular with the president-elect promising to impose higher tariffs on imports into the U.S. and vowing to remove incentives for the manufacturing of EVs.

However, Munoz said in an interview with CNBC on Thursday that the company continues to be optimistic about the future of electric vehicles, irrespective of incentives.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

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Image via Hyundai