Hyundai Motor Group has outlined plans to expand its battery electric vehicle lineup from the current eight models to 23 by 2025 and to sell 1 million global units each year.
“2021 should be the year in which we kick-start our great transformation into a new growth engine,” Chairman Euisun Chung said in a New Year’s message, outlining the manufacturer’s strategic direction for the future.
“In the post-pandemic era, social values and lifestyles different from the past will prevail and as a result, only those companies prepared for continuous transformations will survive and grow.”
Part of Hyundai’s focus was to expand market share in the eco-friendly market by securing future technology capabilities and providing consumers greater value and added competition when it comes to electric vehicles.
“With the launch of new vehicles based on the recently released electric vehicle platform, the E-GMP (Electric-Global Modular Platform), we plan to provide attractive eco-friendly mobility options that aptly reflect customers’ diverse tastes and needs at more reasonable prices,” Mr Chung said.
This year Hyundai will concentrate efforts to become a global electric vehicle powerhouse by launching dedicated EVs built on the E-GMP, including the IONIQ 5, Kia’s crossover EVand Genesis luxury brand’s crossover EVs.
A battery electric vehicle based on the E-GMP is capable of a maximum range of over 500 kilometres with a fully charged battery (WLTP standard) and it can high-speed charge up to 80 percent in just 18 minutes. It can also add up to 100 kilometres of driving range in just five minutes.
“All of our activities would be meaningless without quality and safety, because they are the prerequisites for serving our customers,” Mr Chung added.
“It should be always remembered that quality and safety are not the domains of any particular fields of our operations. Customers will only give us their trust when all Hyundai Motor Group members and our business partners work together to make quality and safety a top priority.”