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Hyundai Motor to invest $80 billion in future electrification with 17 new BEVs and a new modular platform

Hyundai Motor

During its 2022 CEO Investor Day forum, Hyundai Motor Group outlined its electrification strategy through 2030, which includes 17 new BEV models. The accelerated approach to electrification includes an investment of nearly $80 billion in hardware and software technologies, as Hyundai Motor looks to capture 7% of the global EV market by the end of the decade.

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Hyundai to begin EV manufacturing in the US with hopes subsidy bill passes

Hyundai US manufacturing

Hyundai Motor Group recently shared plans to begin manufacturing its Genesis GV70 EV in the US beginning in 2022. The electrified GV70 will be produced at Hyundai’s Alabama plant, and will mark the first EV manufactured in the US by the Korean automotive umbrella. With this decision, Hyundai looks to make a larger impact on the growing EV market in the US, and take advantage proposed subsidies for electric vehicles produced on US soil.

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Genesis announces all-electric future, ending new internal combustion models in 2025

Genesis electric

Luxury auto brand Genesis has announced its brand vision for the next 15 years, including an end to new ICE models in 2025 and plans for a 100% zero-emission lineup by 2030. Furthermore, the company offered a closer peek of its first GV60 electric vehicle and a glimpse of its X concept coupe. Oh, we also found an Easter egg hinting at a possible entry into air transportation someday.

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