Hyundai Motor Group Aims To Become A Top 3 EV Manufacturer By 2030
At the groundbreaking ceremony for Kia’s specialized plant for purpose-built vehicle production in Korea, Hyundai Motor Group recently declared its intention to rank among the top three EV manufacturers in the world by 2030 through the combined sales of Hyundai Motor, Kia, and
With its substantial investment, the Group hopes to improve Korea’s electric vehicle ecosystem and solidify its position as a center of innovation for the entire automotive sector.Kia is constructing a new factory specifically designed to create electric PBVs as well as extending the current EV lines at factories to increase the domestic EV manufacturing capacity.
The advancement of power electric systems that are essential to EV performance, including as batteries and motors, as well as the development of technologies to extend all-electric range on a single charge, will all improve integrated marketability across hardware and software. Hyundai Motor Group will feature a total of 31 electric vehicle models in its inventory by 2030. This year, Kia will introduce the EV9, a three-row electric flagship SUV, and in 2024, Hyundai Motor will do the same with the IONIQ 7.To accelerate the electrification transition of the auto components business and assist the qualitative expansion of the Korean auto industry, Hyundai Motor Group is planning to considerably increase support for suppliers.
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