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Old 4th December 2019, 09:56   #1
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Default 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.

  • 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.

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