Hyundai CEO Jae Hoon Chang has shared the company’s vision moving forward and revealed an intention to electrify the lineup at an accelerated rate: by the beginning of the next decade, the marque expects to have 17 EVs on the list and constitute 7% of the international EV market.
11 out of these will be pure battery-electric vehicles. The current E-GMP platform will provide the basis for a new one, called the Integrated Modular Architecture (IMA). This new architecture will enable to extend the driving range by up to 50% compared to the current numbers. Its introduction is in the plans for 2025.
The list includes some of the already announced EVs, such as the Ioniq 6 sedan and the Ioniq 7 SUV. The latter will be designed in the same vein as the Hyundai Seven Concept (watch the enclosed video for a reminder). These models will be accompanied by a couple of light passenger cars, five crossover SUVs, one light commercial vehicle, and a mystery electric car that sounds like it could be the flagship.
In turn, Genesis will reveal six EVs under its own branding, including four SUVs. All new models made after 2025 will be fully electric, and by 2030, Genesis will ditch ICE car and hybrid production for good. Hyundai expects to go electric in Europe by 2035 and on all other key markets by 2040.
We are promised proprietary software solutions, OTA updates, solid-state batteries and complete climate neutrality by 2045. By the end of the current decade, the Korean corporation plans to increase annual sale volumes to 1.87 million units.