The Korean automaker is charging ahead toward a cleaner future. Hyundai just signed the largest renewable energy supply contract in Korea. The massive clean energy supply is enough to fully charge its all-electric IONIQ 5 SUV over 7 million times.
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Hyundai Motor Group’s supplier, Hyundai Mobis, is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. The base will include Hyundai’s first EV power systems production plant in the region, a “key bridgehead for conquering the European electrification market.”
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To be the best, you must beat the best. Hyundai Motor is developing ultra-high-capacity LFP batteries to power upcoming low-cost Hyundai and Kia electric vehicles. Aiming for an energy density of around 300 Wh/kg, Hyundai’s LFP batteries would top China’s CATL and BYD.
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Kia held an opening ceremony for its first EV-only plant, “EVO,” as it looks to establish itself as a leading electric vehicle maker. Kia’s new low-cost EV3 and EV4 models are the first electric cars scheduled for mass production. The new facility will kick off a new era for Kia, with the capacity to build 150,000 EVs annually.
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Hyundai Motor Group, including Kia and Genesis, is looking to take advantage of Europe’s “battleground” with plans to expand in the world’s second-largest EV market. With its Czech Republic plant and new low-cost EVs at the heart of its expansion, Hyundai aims to play a more prominent role in Europe.
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General Motors (GM) and Hyundai Motor Group announced the signing of a Memorandum of Understanding to explore potential partnerships across a myriad of automotive tech segments, including joint EV and powertrain development, manufacturing, and supply chain sourcing.
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Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit market share, Hyundai continued closing the gap with Tesla as the second-largest EV brand in the US through July.
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The luxury brand taking the US by storm has a new secret weapon. Genesis is developing a new EV platform to challenge luxury rivals like Tesla and BMW. Unlike the GV60, the new Genesis EV platform is expected to be brand exclusive, separate from Hyundai models.
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Hyundai opened the first EV battery cell plant in Indonesia with LG Energy Solution as it builds out its global supply chain. The plant will supply cells for over 150,000 competitively-priced Hyundai and Kia EVs, starting with the new Kona Electric.
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One week after teasing a European version of its Casper A-segment sub-compact EV called the INSTER, Hyundai Motor Group has officially unveiled the new mini-car, which holds a lot of potential with consumers. In addition to its sleek yet compact size, Hyundai promises the INSTER EV will hit Europe (and several other markets) at a starting price below 25,000 euros.
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After a record 2023, Hyundai and Kia are not slowing down this year. With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US.
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A new low-cost Hyundai EV will be revealed later this month. Hyundai is teasing the first images of its new INSTER EV ahead of its official debut at the Busan International Mobility Show. The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US?
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Hyundai Motor Group, including Kia, is gaining ground on Tesla in the US electric vehicle market. After a record start to 2024, Hyundai and Kia accounted for 11.2% of the EVs sold in the US through May.
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Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. The appointment is expected to help accelerate Hyundai Motor’s (including Kia’s) transition to electric with “top-tier” EV leadership.
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A recent report out of South Korea states that Hyundai Motor Group is beginning development of a new hydrogen fuel cell EV supercar based on its N Vision 74 concept from a couple of years ago. The Korean automaker is working on a development mule ahead of planned production in 2026.
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Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises.
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Hyundai is constantly looking for ways to improve the range and performance of its EVs. With its latest partnership, Hyundai will develop new materials for better EV performance.
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If you’re looking to get the most out of your vehicle, Hyundai may be your best choice. In 2024, Hyundai has six of the top ten most fuel-efficient EVs in the US, including the IONIQ 6, IONIQ 5, and Kona Electric.
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Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor, along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024.
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If you see an electric robot roaming around the office, don’t be alarmed. It could just be DAL-e, Hyundai’s new electric delivery robot that can easily carry around 16 cups of coffee.
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Hyundai announced a massive $50 billion (68 trillion won) investment to secure its position as the auto market transitions to EVs. The Korean automaker will hire 80,000 people in Korea to help it become a top-three EV maker by 2030.
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Hyundai Motor Group, including Kia and Genesis, is set to recall over 147,000 EVs in the US due to potentially damaged charging units.
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For the first time, Hyundai Motor revealed its new “ST1” EV business platform on Thursday. The ST1 is the first of several new electric models based on the platform.
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Hyundai and Kia will recall around 170,000 EVs in Korea, the largest since they launched. The recall is over a software issue impacting Hyundai’s IONIQ, Genesis, and Kia EVs. Meanwhile, there’s an open NHTSA investigation in the US.
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