Hyundai Announces Ambitious EV Plans

Mon 7th Mar 2022

Korean car manufacturer Hyundai will invest £12bn in a push to produce 17 new EV models on a new battery platform with the hope of achieving 1.87 million sales of electric vehicles by the end of the decade.

Hyundai’s UK EV line-up currently includes the Kona and the Ioniq-5, but they expect to stretch that roster through the launch of their new EV platform in 2025, which will see the company produce 11 Hyundais and six genesis models. It’s thought that six of the Hyundai will be SUV, with four SUVs for Genesis.

“Hyundai is successfully accelerating its transition to electrification and becoming a global leader in EVs despite a challenging business environment caused by the global chip shortage and ongoing pandemic,” said Hyundai CEO Jaehoon Chang.

“Along with our seamless efforts to improve EV value, Hyundai Motor will continue to secure its business sustainability as a ‘Mobility Solutions Provider’ through advanced technologies of not only hardware but also software.”

The Ioniq-5 landed the Best Family Car at the 2022 UK Car of the Year Awards last week, with judges praising the ‘inovative, desirable, practical and brilliantly designed’ EV.

In addition Hyundai also claimed the Best Performance Car crown for the i20N.

“That the Hyundai IONIQ 5 has, once again, shone is testament to its stand-out design, state-of-the-art electric platform, its technology features and its spacious practicality,” said Ashley Andrew, Managing Director of Hyundai Motor UK. “It really does deliver the future of electric mobility today. Hyundai’s engineers and designers never shy away from a challenge, and that spirit of technical progress is also beautifully illustrated in the Hyundai i20N. Built to put a smile on the face of even the most demanding driver, its five-door format ensures it delivers everyday practicality too.”