Hyundai Motor Group is planning a major expansion of its portfolio of electric vehicles with a new $86 billion investment in the platform.
The company, which oversees the Hyundai, Kia and Genesis brands will jump from its current nine to 23 by 2025, including 11 dedicated pure electric models.
Hyundai, who are also one of the few motoring companies to make inroads into hydrogen fuel technology will also double from one model to two by 2025.
A company statement said: "In the future, the Group plans to supply fuel-cell systems to the transport sector -- covering vehicles, vessels, railcars and forklifts -- and power-generation sector -- covering electricity production and storage -- thereby delivering some 200,000 fuel-cell systems per year around the world by 2030. The Group will simultaneously establish a 500,000 units-per-year capacity for FCEV production in Korea.
"In particular, the BEV lineup will increase to 23 models by 2025 from last year’s nine models, with the first dedicated BEV model to be launched in 2021. A new EV architecture development system will be introduced and applied to models slated for launch in 2024."
Hyundai aren’t solely focusing on pure electric, it is also expected that we will see hybrid and plug-in variants of some of the group’s most popular SUVs, including the Kia Sorento, the Hyundai Tucson and the Hyundai Santa Fe.
By the close of business in 2025 the company is boldly predicting that it will have sold in excess of 670,000 zero-emission vehicles.