Hyundai’s Ambitious Plan: 21 New Electric Vehicles by 2030, Focus on Next-Gen Hybrid Tech
New Delhi: Hyundai Motor is on the fast track to revolutionize the auto industry with its latest plans revealed during the 2024 CEO Investor Day. The Korean automaker is gearing up to introduce 21 new electric vehicles (EVs) by 2030, signaling a strong push toward sustainable mobility. Alongside these plans, Hyundai is also working on advanced hybrid technology and next-generation batteries, aiming to secure a leading position in the global market.
One of the standout developments is Hyundai’s focus on extended-range electric vehicles (EREVs), which will combine the benefits of internal combustion engines (ICE) and EVs. These EREVs are expected to be priced competitively against traditional EVs while offering an impressive range of over 900 kilometers, utilizing both combustion and battery power. Mass production of these new EREVs is set to begin in North America and China by the end of 2026.
As the market for EVs continues to grow, Hyundai plans to expand its offerings in the hybrid and EREV segments. The company is confident that its lineup, which will range from affordable to luxury and high-performance models, will contribute significantly to its goal of increasing EV sales by the end of 2030.
Hyundai’s commitment to innovation is further demonstrated by its plans to accelerate the development of next-generation batteries, including solid-state batteries. The company is investing in a new battery research facility at its Uiwang Research Institute, which is expected to open later this year. This facility will focus on the development of battery CTV (cell-to-vehicle) structures, which integrate the battery directly into the vehicle body. This approach is anticipated to improve battery performance, reduce weight by 10%, and enhance overall vehicle efficiency.
By 2030, Hyundai aims to utilize a range of battery technologies, including performance-based NCM (nickel-cobalt-manganese) batteries, low-cost LFP (lithium-iron-phosphate) batteries, and a new affordable NCM battery. This diverse battery strategy will allow Hyundai to offer a wider range of solutions for its upcoming lineup of new cars, SUVs, and luxury cars. The company projects a 20% improvement in battery energy density by 2030, further enhancing the range and performance of its EVs.
