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Search Results Found For: "Hyundai"

Could Vietnamese startup VinFast be the next Hyundai?

Vietnamese automaker VinFast, which was founded in 2017, has global ambitions. The company recently raised $4 billion to support market launches in Germany, France, the Netherlands and the US. It has opened 6 stores in California, and is building a $2-billion manufacturing plant in North Carolina. The VinFast VF 8, an electric SUV, is scheduled… Read more »

Hyundai and Michelin to develop next-gen tires for EVs

Hyundai and Michelin have signed a memorandum of understanding to develop next-generation tires optimized for EVs. The agreement is a follow-up to a five-year partnership the companies formed in 2017 to jointly develop an exclusive tire for Hyundai’s IONIQ 5 and to carry out experiments related to tires. Over the next three years, the companies… Read more »

Hyundai discontinues Ioniq hybrid and PHEV

Hyundai’s Ioniq hatchback exemplified an earlier generation of electrified vehicles. It was offered in three different powertrain variants: hybrid, plug-in hybrid and pure EV. Now, the more forward-looking automakers, of which Hyundai is one, are realizing that a “clean-sheet” dedicated EV platform is best. Hyundai dropped the Ioniq Electric in the US after the 2021… Read more »

Vitesco’s newest e-axle to power Hyundai’s Class B and C EVs

Electric powertrain supplier Vitesco Technologies has received a 2-billion-euro order for its new e-axle from Hyundai, which plans to use it in its forthcoming B and C segment EVs beginning in 2024. The EMR4 is the fourth generation of the Electronics Motor Reducer e-axle product line. The 3-in-1 unit is composed of a motor, power… Read more »

Hyundai to build EV assembly and battery factory in the US

Hyundai COO Jose Muñoz announced at the recent at the New York International Auto Show that his company will build a factory in the US for electric vehicle assembly and batteries. Automotive News reports that Hyundai plans to invest $300 million and create 200 new jobs at the plant. The automaker will choose a location… Read more »

New Hyundai plant to produce EVs in Indonesia

Hyundai has launched a new automotive plant that will produce Indonesia’s first locally assembled EV. In 2019, Hyundai said it would invest $1.55 billion in the plant by 2030. Initial capacity is 150,000 vehicles per year, and this will later be expanded to 250,000. The new assembly plant will be linked with a Hyundai-LG joint… Read more »

Hyundai ends new ICE development, suspends work on Genesis hydrogen vehicle

Legacy automakers’ increasing focus on EVs is welcome news, but as long as they continue to develop new internal combustion engine technology, their commitment to electrification can only be seen as tentative. Seen in this light, Hyundai’s recent decision to close its ICE development division (reported by the Korea Economic Daily) may be considered a… Read more »

2022 Hyundai Ioniq 5: Strong new electric SUV competitor

Hyundai’s new compact EV crossover is good enough to sell every unit the company imports—the question may be how high that number will be. The 2022 Hyundai Ioniq 5 is the Korean brand’s first dedicated electric vehicle, positioned at the heart of the fastest-growing part of the market: compact crossover utilities. The premium electric SUV… Read more »

Factorial Energy and Hyundai partner to test solid-state battery technology

Factorial Energy and Hyundai are partnering to test Factorial’s solid-state battery technology and its implementation in Hyundai EVs. The companies will integrate Factorial’s technology at the cell, module and system levels, perform vehicle-level integration, and co-develop specifications for manufacturing Factorial’s batteries.  Factorial’s FEST (Factorial Electrolyte System Technology) platform leverages a proprietary solid electrolyte material that… Read more »

Hyundai and LG to build battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding with the Government of Indonesia to manufacture battery cells for EVs.  Hyundai and LG will invest a total of $1.1 billion to build a jointly-owned battery cell plant in Karawang, Indonesia. Plant construction is scheduled to begin in the fourth quarter of… Read more »