Hyundai Motor Group, a leading automobile manufacturer based in South Korea, has set its sights on becoming one of the top three electric vehicles (EV) makers in the world. In pursuit of this goal, the company has announced a bold plan to invest KRW24 trillion (US$18 billion) by 2030 to strengthen its EV production and research and development (R&D) capabilities.
Hyundai sets its sights on becoming one of the top three EV manufacturers globally with an $18 billion investment by 2030
With this investment, Hyundai plans to produce more than 1 million EVs annually and sell them in global markets. The company’s EV lineup will include a range of models, from affordable cars to high-end luxury vehicles, and will cater to the needs and preferences of different customers around the world.
To achieve its goal, Hyundai will establish a dedicated EV platform, which will support various drivetrains like fixed battery and swappable battery platforms. This platform will allow the company to develop and manufacture multiple new EV models, all of which will be built to the highest standards of quality and reliability.
In addition, Hyundai will invest heavily in battery technology and expand its battery production capacity to meet the growing demand for EVs worldwide. The company will also focus on developing next-generation electric powertrains and other related technologies to enhance the performance, efficiency, and safety of its EVs.
Hyundai‘s investment will also extend to the establishment of a global charging infrastructure network, which will help alleviate range anxiety and promote the widespread adoption of EVs. The company will work with local governments, utilities, and other stakeholders to develop this network and make it accessible and convenient for all EV users.
Overall, Hyundai’s ambitious plan represents a significant step forward in the company’s commitment to sustainable mobility and environmental stewardship. By leveraging its expertise, resources, and innovative spirit, Hyundai aims to create a brighter, cleaner, and more sustainable future for all.
via DigiTimes
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