August 19, 2022
(wassuprockers) – Hyundai, whilst on the Investor Day discussion board, introduced its plans to introduce

(wassuprockers) – Hyundai, whilst on the Investor Day discussion board, introduced its plans to introduce 17 new electrical cars throughout the subsequent 8 years.

The automaker mentioned 11 of the brand new cars shall be assigned to the Hyundai logo, whilst Genesis gets the opposite six. The brand new Hyundai fashions will consist of 3 saloon automobiles, six SUVs, one mild business car, and one a “new kind type”. Genesis will introduce two usual passenger automobiles and 4 SUVs, beginning with the Electrified GV70 launching later this yr.

Take into account Genesis, the posh arm of the Hyundai, has already promised to turn into an electric-only logo beginning in 2025. In the meantime, Hyundai plans to release the second one technology of its E-GMP platform in 2025, to cut back production prices. Referred to as Built-in Modular Structure (IMA), it will bring in a brand new generation of standardised batteries and motors.

“Hyundai is effectively accelerating its transition to electrification and turning into an international chief in EVs regardless of a difficult industry setting led to through the worldwide chip scarcity and ongoing pandemic”, mentioned Jaehoon Chang, Hyundai’s president and CEO, in a press unlock on 2 March 2022. “In conjunction with our seamless efforts to reinforce EV worth, Hyundai Motor will proceed to protected its industry sustainability as a ‘Mobility Answers Supplier’ via complicated applied sciences of no longer solely {hardware} but in addition instrument”.

Hyundai mentioned it objectives to promote 1.87 million EVs yearly through 2030.  To extend its annual gross sales, Hyundai additionally introduced a £12 billion funding technique.

Writing through Maggie Tillman.