Hyundai Motor is speeding up its electrification strategy. Until 2030 you can expect eleven brand new electric cars from Hyundai. Luxury brand Genesis will receive six new electric models within the next eight years.
Hyundai Motor Company is speeding up its electrification plans and sharpening its strategy for the future. Up to and including 2030, the company will invest around 14.5 billion in further electrification of its line-up. That amount is part of a mega investment of more than €71 billion that the group will invest in its activities until 2030. There are hard targets attached to it. Hyundai Motor Company aims to account for 7 percent of all electric cars sold worldwide by 2030. The company aims to sell 1.87 million fully electric cars annually by 2030.
Of course, Hyundai Motor Company cannot achieve such ambitious goals with the handful of electric models it currently has on offer. Up to and including 2030, the Hyundai car brand will introduce no fewer than eleven new fully electric cars. Three of them are sedans and six are SUVs. Hyundai is also introducing an electric commercial vehicle and a ‘new type of car’. Hyundai could therefore just come up with a new – in the best sense of the word – electrical oddity. This year comes the Ioniq 6, in 2024 Hyundai will expand with the Ioniq 7.
Genesis GV60
Hyundai’s luxury brand Genesis will also receive various EVs up to and including 2030. Genesis will soon come with an electric version of the SUV GV70 and already has an EV variant of the 5-series competitor G80. In addition, it will come – also to Europe – with the GV60. Genesis is expanding its portfolio through 2030 with six new electric models. This includes – including the GV70 – four SUVs and two ‘passenger cars’.
Hyundai Motor Group produces its existing electric cars in South Korea and the Czech Republic. In the coming years, Hyundai will also produce its EVs outside those countries, including in Indonesia. Together with various partners, the Koreans are also busy developing so-called solid-state batteries. Hyundai is also developing new modular battery and electrical technology. Under the name Integrated Modular Architecture (IMA), the group is introducing a modular system for electric motors and battery packs. The IMA architecture should be suitable for models in all segments and should further reduce the development costs of electric cars. The battery packs of cars using this IMA architecture are therefore more similar than the company’s current and soon-to-be EVs.
– Thanks for information from Autoweek.nl