Hyundai Planning Long Distance EVs
Hyundai Motor Co is now working to place electric vehicles in the middle of its product strategy, one that has plans for long-distance premium EVs as it looks to catch onto Tesla and other rivals.
Just like Toyota, Hyundai too had found initial success in the fuel cell technology but has now been vying the shift to electric models as Tesla has been riding the Electric wave and the growing momentum of battery powered cars in China, which has been receiving government’s backing.
Toyota too is working on fast charging long distance EVs.
The South Korean automaker is undertaking a plan to launch a new electric sedan under the Genesis brand by 2021. The vehicle will have a range of 500 km with a full battery. It’s also planning to introduce an electric version of the Kona SUV that’ll carry a range of 390 km in 2018’s first half.
Hyundai and its affiliate, Kia Motors rank at the fifth position in global vehicular sales, and will be adding three additional plug-in vehicles within the plans for eco-friendly cars, thus, bringing the total number of models to 31 by 2020.
Underscoring Hyundai’s EV shift, the plans include two fuel cell vehicles and eight battery powered vehicles, in a vast contrast to the company’s 2014 announcement for 22 models, which only had two EVs.
Hyundai is also developing its first dedicated EV platform that will allow them to develop multiple models that have longer driving ranges.