Team-BHP - Hyundai's EV roadmap - Wants to become top 3 maker of electric & fuel cell cars

Hyundai announced an updated EV road map named Strategy 2025.

Highlights:

Hyundai target is to sell 6.7 lakh EVs per year by 2025 and to become top 3 manufacturers of battery and fuel cell EVs by 2025.

The goal is to electrify most new models by 2030 in key markets such as Korea, US, China, and Europe, with emerging markets such as India and Brazil following suit by 2035.

The Genesis brand will launch its first fully-electric models in 2021, before expanding its electric line-up in 2024. The high-performance N brand also plans to launch SUVs and EVs, further boosting Hyundai’s competitiveness in electrification.

Hyundai to address vehicle electrification by first targeting younger demographics and enterprise customers with affordable battery electric vehicles (BEVs) to achieve economies of scale.

For cost innovation, the company will adopt a new global modular EV architecture to enhance efficiency and scalability of product development, starting with vehicles being launched in 2024.

Source:
https://www.autocarpro.in/news-inter...icks-off-44828

Hyundai to launch 44 e-vehicles by 2025

Quote:

Hyundai Motor Group has revealed its product strategy till 2025. The South Korean auto giant has the plan to launch 44 electrified vehicles by 2025, including both BEV and plug-in hybrid models.

The company has the plan to invest around 100 trillion Korean Won over the next five years, with annual investment amounting to 20 trillion Korean Won.

Outlining the product strategy for electrified vehicles, Euisun Chung, executive vice-chairman (EVC), Hyundai Motor Group, said, "To consolidate our leadership in vehicle electrification, we plan to operate 44 electrified models by 2025, including 11 dedicated BEV models, by bolstering the development of EV platforms and core components.”

There will be 13 hybrid cars, 6 plug-in hybrids and two fuel cell electric vehicles as well. The BEV lineup will increase to 23 cars by 2025, from 2019's 9 models. The first dedicated BEV from Hyundai will launch in 2021.

The automaker is working on a new EV architecture development system, which will be applied to the cars from 2024.

Source