An American startup is buying 3 million worth of electric cars from Hyundai and Kia.

An American startup is buying $143 million worth of electric cars from Hyundai and Kia.

US electric vehicle registration company Autonomy will buy 3,140 EVs from Hyundai Motor and its Kia subsidiary to bolster its vehicle lineup. Autonomy has placed an official order to receive 1,640 EVs from Hyundai and 1,500 EVs from Kia in a contract worth a total of $143 million, Yonhap news agency reports.

The order is part of Autonomy’s $1.2 billion plan to buy 23,000 battery-powered vehicles from 17 different automakers in a bid to expand and diversify its fleet beyond Tesla Motors, the company said in a statement.

“With all automakers going electric and many exciting products coming to market in the next 6-18 months, we have placed our order for the fleet and are excited to expand our subscription lineup”, said Scott Painter, founder and CEO of Autonomy. .

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The order for 23,000 vehicles represents 1.2% of the EVs expected to be produced in the United States by the end of 2023. The Santa Monica, Calif.-based company launched its EV subscription business in January and currently has a fleet of 1,000 EVs, all Teslas. -branded.

Among the latest orders, Tesla received the largest order of $443 million, or 8,300 EVs, from Autonomy, followed by General Motors Co. with 3,400 EVs, Volkswagen with 2,200 EVs and Ford Motor with 1,800. VE.

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