After unveiling its new “Hyundai Means” technique on Wednesday, Hyundai confirmed its extremely anticipated three-row electrical SUV, the IONIQ 9, will likely be constructed within the US. Hyundai additionally revealed plans to launch EREVs with over 550 miles (900 km) vary. Right here’s what else you possibly can count on from Hyundai over the following few years.
Introducing the brand new “Hyundai Means” technique
“Within the period of electrification, Hyundai Motor Firm is an unequalled firm that has launched your entire electrical automobile lineup, from mass-market manufacturers to luxurious and high-performance fashions, the quickest,” Hyundai’s CEO Jang Jae-hoon mentioned on the occasion.
Hyundai revealed its new mid-to-long-term technique throughout its 2024 CEO Investor Day. As a part of the brand new “Hyundai Means,” the corporate goals to promote 5.55 million autos globally by 2030.
The goal would signify about 30% progress from final yr’s 4.2 million automobiles offered. To realize it, Hyundai will produce an extra a million autos globally.
“Based mostly on the strengths of the best-in-class expertise and challenges for innovation that we now have amassed over the previous,” Hyundai will proceed to steer the EV market, Jae-hoon added.
With plans to promote two million EVs by 2030, Hyundai expects electrical fashions to account for over a 3rd (36%) of complete automobile gross sales.
North America, Hyundai’s largest market, is predicted to obtain 690,000, whereas 467,000 items will likely be offered in Europe.
Like lots of its rivals, Hyundai introduced plans to introduce extra hybrid fashions within the quick time period. Hyundai will enhance its hybrid system, doubling its lineup from seven to 14.
The brand new hybrid fashions will embrace compact, giant, and luxurious automobiles, together with below the Genesis model. Hyundai goals to promote 1.33 million hybrids in 2028, a 40% bounce from 2023.
Hyundai plans three-row IONIQ 9 SUV, EREVs for the US
Hyundai’s large new Metaplant America (HMGMA) manufacturing plant in Georgia will likely be pivotal to the corporate’s progress plans.
The power is predicted to come back on-line by the top of 2024 and can produce Hyundai’s new EVs, together with the up to date IONIQ 5 and its first three-row electrical SUV, the IONIQ 9.
Hyundai confirmed that the IONIQ 9 and IONIQ 5 will likely be constructed alongside hybrid fashions within the US because it appears to fulfill rising demand.
As a part of its new technique, Hyundai revealed plans to launch Prolonged-Vary Electrified Automobiles (EREVs). An EREV nonetheless has a combustion engine, however the engine generates electrical energy to energy the battery.
Hyundai mentioned it has developed a novel new energy system enabling four-wheel drive with two motors.
By utilizing its present engines and slicing battery capability by about 30%, Hyundai expects to promote EREVs in a value vary much like plug-in hybrids.
Over 550 miles vary?
The corporate mentioned the EREVs will embrace distinctive EV-specific driving options and over 550 (900 km) driving vary.
Mass manufacturing will start in North America and China in late 2026, with full-scale gross sales kicking off in 2027. Hyundai and Genesis manufacturers will make the most of the tech to launch new mid-size SUVs in North America because it goals to promote over 80,000 items yearly.
In accordance with latest reviews, Hyundai additionally plans to launch an EREV model of its best-selling Santa Fe SUV and pickup for the US.
A number of top-selling electrical pickups, together with the Tesla Cybertruck and Ford’s F-150 Lightning, had been lately noticed close to Hyundai’s facility in Korea.
Forward of its official debut, Hyundai has been testing the IONIQ 9 on US streets (try the video right here).
In accordance with Motor Intelligence, Hyundai Motor Firm, together with Kia and Genesis, topped Ford (7.4%) and GM (6.3%) in Q2 to turn out to be the second best-selling EV model within the US with double-digit market share (10%).
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
