Hyundai has announced its strategy for global electric vehicles (EVs) and overall company growth until 2030. The carmaker has no less than 17 new models in the pipeline including six Genesis luxury electric vehicles. There’s a lot more to unwrap, so we’ve simplified the company’s plan for this decade below.
New EV platform coming in 2025:
Hyundai E-GMP global EV platform
Hyundai’s latest EVs, such as the Ioniq 5, are already underpinned by a built-from-the-ground-up electric car architecture, the global E-GMP platform. The current platform is flexible, and it can be shortened or elongated to accommodate different body types, motors and batteries.
But the new platform called Integrated Modular Architecture (IMA), an evolution of the E-GMP, will go a step further by standardising not just the chassis, but also the battery pack, electric motor, and control hardware and software. This way, a single platform will be usable for all different segments such as sedans, SUVs, and even new body types (which we’ll be talking about in a bit.
Hyundai has a set of five electric motor types with different power outputs that are compatible with the upcoming platform. In addition, it’ll also standardise battery packs of different capacities. The carmaker is currently working on a new software architecture that will provide an over-the-air (OTA) update to new models launched from late 2022 onwards.
New electric cars on the horizon:
Hyundai SEVEN concept for representational purpose
Of the 17 new models mentioned previously, 11 will be Hyundai-badged EVs and six will be Genesis vehicles that we are unlikely to get in India. Here’s the breakdown of the Hyundai electric cars that will be launched in quick succession by 2030: six SUVs, three sedans, one light commercial vehicle and one new body body type (likely to be a PBV).
Later this year, the Hyundai Ioniq 6 will go on sale in global markets. The Ioniq 7 is scheduled for a global launch in 2024.
More advanced autonomous driving systems:
The future Hyundai electric vehicles will be capable of Level 3 autonomous driving. In theory, Level 3 systems are fully autonomous and don’t require any driver intervention for prolonged periods, if not the entire journey.
Hyundai has modestly named its self-driving system Highway Driving Pilot (HDP), and we’ll see it in action later this year in the new Genesis G90 global luxury sedan. The carmaker will start running the Ioniq 5-based fully autonomous robotaxis from 2023, and Uber Eats will use these cars for self-driving delivery services!
New EVs are expected to be more cost-effective:
The combination of the new platform, hardware and software could help Hyundai cut down the number of control units by one-third by 2030. In addition, the carmaker is working to reduce the overall costs of development and production. It’s developing a new manufacturing platform to improve EV production efficiency at the Hyundai Motor Global Innovation Centre in Singapore (HMGICS). Hyundai also has an upcoming facility in Indonesia that will start production later this year to help the carmaker meet the global demand for its EVs.
What it means for the Indian market:
Earlier, Hyundai announced plans to introduce six new EV models in India by 2028 (likely including the Ioniq 5 that already exists in other countries), so we are optimistic about Hyundai’s future EVs. The press release also states Hyundai is planning to expand production, and as reported by us earlier, the carmaker is going to capitalise approximately Rs 4,000 crore for its EV journey.