Hyundai noted that support from the government in terms of taxation and creation of country-wide charging infrastructure were the two most critical factors to grow the EV segment in India. The company currently sells only Kona Electric SUV in the country. It is said to be working to locally develop its second EV model which […]
Hyundai & Kia Aim to Transition to 100% Renewable Energy by 2050
Hyundai Motor Group (the Group) has announced that five key affiliate companies, including Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia), aim to transition to 100% renewable energy by 2050. However, each firm will make independent efforts to achieve targets ahead of schedule, by as early as 2040, depending on energy supply and demand […]
Hyundai Motor Sets Up High-Speed EV Charging Station in Downtown Seoul
SEOUL : Hyundai Motor Group announced the launch of the Euljiro Center One E-Pit, a high-speed electric vehicle (EV) charging station, at Euljiro, central Seoul on Monday. The 24-hour charging station, open throughout the whole year, was built by Hyundai Motor Co. and Mirae Asset Global Investments, and is the first of its kind to […]
Hyundai Aims to Sell One Million EVs Per Year by 2025
The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March. PARIS/SEOUL: Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two […]
Hyundai to Invest $7.4 bln in U.S. by 2025, With Electric Cars in focus
Biden has called for $174 billion in new spending to boost electric vehicles and charging. South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. The announcement came before U.S. […]
Electric Vehicles May not Form 1% of Cars by 2024: Hyundai
NEW DELHI: Hyundai Motors India president S S Kim has said that adoption of electrics in the Indian car market wil will be slow and may not cross 1% of overall sales in next three years. This is despite the special benefits and tax breaks that the green technology is receiving from the goverment. High […]
Hyundai Planning N Line Versions Of Its Electric Vehicles
The IONIQ 5 could be the first model to get the N treatment Hyundai has confirmed its electric vehicles could also get the N Line performance treatment soon. The brand recently unveiled the IONIQ 5 EV, which is offered with two battery pack options in RWD and AWD configurations. Its N Line version will offer […]
Hyundai plays catch up in EV market with car that can cook dinner
Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favorite tunes on a bank of speakers, and even rustling up […]
Hyundai strengthening EV presence with innovative products, says GlobalData
Following the news that South Korean auto giant Hyundai is promoting its new electric car Ioniq 5, which has bidirectional charging technology and can power home appliances; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Hyundai has marked itself as a leader in EV technology […]
Race for electric vehicles: India plans to ramp up incentives
The Indian government is planning to ramp up incentives to spur electric car manufacturing investments in the country, reports say The year is 2023. A Singapore resident decides to buy a car. Not just any car but the latest electric vehicle (EV) produced by the new gleaming high-tech Hyundai factory in Jurong, an industrial town […]