Hyundai, Kia, Genesis to Launch 31 EVs by 2030
The Hyundai Motor Group has declared that it will be aiming to secure its position as one of the globe’s leading EV manufacturers in terms of outputs, by 2030. In order to reach this goal, they have outlined plans to amplify annual production radically. As a result, by the beginning of the next decade, assembly of EVs in Korea shall be at 1.51 million vehicles, while the international yield shall amount to 3.64 million.
To carry out this plan, Hyundai, Kia, and Hyundai Mobis are investing approximately $18 billion into the Korean EV industry. This will enable the production giant to enhance South Korea’s “EV ecosystem” and boost domestic electric vehicle production and infrastructure. Additionally, Kia is making preparations to set up a production plant for purpose-built vehicles (PBVs).
As part of the investment venture, science hubs are being established to aid in the progress of essential electric car technology, such as batteries, engines, and creation that increases range for electric automobiles.
The Hyundai Motor Corporation’s electric automobile assortment shall likewise expand to gear up for 31 fully-electric cars and trucks by the year 2030. This will encompass vehicles across all three divisions, which include Hyundai, Genesis, and Kia. It has already been established that the bulk of those upcoming automobiles shall come from the Kia collection; the company presented recently that it plans on launching 15 EV options in the span of 2027.
The car manufacturer has recently presented the new EV9 in North America and Hyundai added the Ioniq 6 to the domestic selection. In 2021, the Ioniq 7 is destined to add up to the perpetually broadening electric product directory. Genesis has been incessantly bringing out its electric possessions over the nation and is ostensibly introducing an electrified sports automobile.
The Hyundai Motor Group has pledged to expedite the development of next-gen platforms with the aim of increasing EV performance. To accomplish this goal, they will be implementing the Integrated Modular Architecture (IMA), which will create dedicated platforms for different vehicle classes such as the “eM” platform for passenger EVs.
Vehicles based on IMA engineering will promote the use of uniform battery and motor arrangements, allowing for quicker growth as well as improved productivity. From 2025, these kinds of platforms are anticipated to roll out to consumer automobiles. To go along with such electric-powered advancements, Hyundai is looking to construct a quick-charging network across South Korea.
The E-pit charging label introduced in 2021 has sprouted and is continuing to increase over the span of time. It will be interesting to deliberate if Hyundai moves forward with this plan internationally, similar to Tesla’s rambling system for the superchargers. Mercedes-Benz has started a comparable venture and intends to set up 10,000 identified recharging points in North America.
Due to a shortage of essential raw materials, Hyundai Motor Group has announced that it will be sharing the costs with its suppliers and that it will “reflect those changes in the prices of goods provided.” The company is taking this into consideration, as it looks to adjust to the current conditions.
Curiously, the South Korean automaker has decided to collaborate with those providers of combustion engine parts who are aiming to transition to electrification. In order to achieve this, it will create a fund that will aid these firms along with facilitating the production of environment-friendly components.
Together, these undertakings will propel Hyundai to the peak of electric vehicle rankings, which are currently ruled by Tesla. The South Korean conglomerate has surged well ahead of its conventional rivals (including Honda and Toyota), who seem to be lagging behind in the electrification competition as of late.
The Volkswagen Group looks set to take command of the electric vehicle (EV) sector and will undoubtedly present heavy competition to Hyundai. It’s expected that Tesla, VW, and Hyundai will all soon become key players in this field, ulitmately depending if their respective ambitions are realised. Knowing what Hyundai Motor Group has offered in terms of EVs lately, it wouldn’t be outlandish to assume that they’ll match their aspirations.
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