José Muñoz President and Global Chief Operating Officer, Hyundai Motor Company introduces the Hyundai Ioniq 9 at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

The Hyundai Initium concept vehicle is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

The Hyundai Ioniq 9 is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

The Hyundai Initium concept vehicle is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

The Hyundai Initium concept vehicle is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

Tesla vehicles are displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

Tesla Cybertrucks are displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

A billboard shows the Hyundai Ioniq 9 at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

The Hyundai Initium concept vehicle is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)

The Hyundai Ioniq 9 is displayed at the AutoMobility LA Auto Show,Thursday, Nov. 21, 2024, in Los Angeles. (AP Photo/Jae C. Hong)