Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Hyundai Motor Co. has stopped producing the Kona Electric for the domestic market, as it prepares to phase out the model undergoing recalls over battery fires.
The South Korean automaker would instead shift its focus to Ioniq 5 EVs.
The Kona EV, launched in April 2018, is Hyundai's bestselling EV model. However, Hyundai's domestic sales of Kona EVs dropped from over 10,000 units each in 2018 and 2019 to about 8,000 units last year after a series of battery fires and its mishandling of the recall of over 75,680 units in February.
Domestic sales of the Kona EV plunged further to only 984 units in the first quarter, a 40 percent drop from the previous year earlier, while overseas sales plunged fell 17.9 percent on-year to 7,428 units.
Hyundai will still sell the remaining Kona EVs in stock for the domestic market and overseas.
Hyundai is now pinning its hopes on its first all-electric Ioniq 5 crossover for its EV transition. The Ioniq 5 has drawn over 40,000 preorders, so far.
