{"id":16136,"date":"2022-03-02T09:21:44","date_gmt":"2022-03-02T14:21:44","guid":{"rendered":"https:\/\/evglobe.com\/?p=16136"},"modified":"2022-03-02T09:21:44","modified_gmt":"2022-03-02T14:21:44","slug":"hyundai-electric-vehicle-investment-2030","status":"publish","type":"post","link":"https:\/\/evglobe.com\/2022\/03\/02\/hyundai-electric-vehicle-investment-2030\/","title":{"rendered":"Hyundai Announces EV Assault: Three Sedans, Six SUVs, Mystery Car"},"content":{"rendered":"<p>Hyundai is kicking its electrification plans into higher gear by announcing a massive investment of KRW 95.5 trillion until 2030. It works out to approximately $16 billion at current exchange rates and will allow the South Korean automotive conglomerate to roll out no fewer than 17 BEVs in the eight years ahead.<\/p>\n<p>The main goal is to boost annual sales of electric vehicles to 1.87 million units by 2030, which is a considerable jump compared to the previous target. Hyundai had established an objective to sell about 560,000 EVs by 2035. By the end of the decade, the company aims to capture 7% of the global electric car market share.<\/p>\n<p>In a bid to achieve its lofty goal, 11 Hyundai-badged models will be launched alongside six luxury EVs from its premium Genesis sub-brand. The mainstream lineup will boast three sedans, six SUVs, a light commercial vehicle, and a \u201cnew type model.\u201d Leading the way is the <a href=\"https:\/\/evglobe.com\/2022\/02\/28\/2023-hyundai-ioniq-6-walkaround-video-lapland\/\">Ioniq 6 sedan<\/a> coming later this year as a production version of the Prophecy concept. From 2024, the large Ioniq 7 SUV will follow as a road-going <a href=\"https:\/\/evglobe.com\/2021\/11\/17\/hyundai-seven-concept-debut-images\/\">SEVEN concept<\/a>.<\/p>\n<figure id=\"attachment_12333\" aria-describedby=\"caption-attachment-12333\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" class=\"size-full wp-image-12333\" src=\"https:\/\/evglobe.com\/wp-content\/uploads\/2021\/11\/Hyundai-SEVEN-concept-15-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/evglobe.com\/wp-content\/uploads\/2021\/11\/Hyundai-SEVEN-concept-15-scaled.jpg 2560w, https:\/\/evglobe.com\/wp-content\/uploads\/2021\/11\/Hyundai-SEVEN-concept-15-1536x1024.jpg 1536w, https:\/\/evglobe.com\/wp-content\/uploads\/2021\/11\/Hyundai-SEVEN-concept-15-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption id=\"caption-attachment-12333\" class=\"wp-caption-text\">Hyundai SEVEN concept<\/figcaption><\/figure>\n<p>As far as Genesis is concerned, it\u2019s working on two passenger cars and four SUVs, including the already revealed <a href=\"https:\/\/evglobe.com\/2022\/02\/28\/genesis-electrified-gv70-battery-size-range\/\">Electrified GV70<\/a> due to hit the market later in 2022. From 2025, all the new Genesis models will be electrified to some extent.<\/p>\n<p>In related news, Hyundai is announcing a new Integrated Modular Architecture (IMA) as an evolution of the current E-GMP platform. It\u2019ll be inaugurated in 2025 for both regular models as well as \u201cexclusive purpose-built vehicles\u201d to cut costs and simplify production processes. Doing so will enable the IMA underpinnings to standardize the chassis, motor, and battery to maximize cost efficiency.<\/p>\n<p>Meanwhile, work is underway for an over-the-air (OTA) update coming from late 2022 before being pushed throughout the whole lineup by 2025.<\/p>\n<p><em>Source: Hyundai<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai is kicking its electrification plans into higher gear by announcing a massive investment of KRW 95.5 trillion until 2030. It works out to approximately $16 billion at current exchange rates and will allow the South Korean automotive conglomerate to roll out no fewer than 17 BEVs in the eight years ahead. The main goal [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":12354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[3],"tags":[275],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hyundai Announces EV Assault: Three Sedans, Six SUVs, Mystery Car<\/title>\n<meta name=\"description\" content=\"Hyundai will be spending the equivalent of $16 billion to develop electric vehicles and introduce 17 models by the end of the decade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/evglobe.com\/2022\/03\/02\/hyundai-electric-vehicle-investment-2030\/\" \/>\n<meta property=\"og:locale\" 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