Hyundai announces plans for 8 EVs and 3 fuel cell vehicles

Hyundai has announced that it will place EVs at the center of its product strategy. Its plans include 8 battery EVs and 3 fuel cell vehicles. The company is developing its first dedicated EV platform, which will allow it to produce multiple models with longer ranges.

The South Korean automaker is planning to launch an electric sedan with a range of 310 miles under its high-end Genesis brand in 2021. It will also introduce an electric version of its Kona small SUV with a range of 240 miles in the first half of next year.

“We’re strengthening our eco-friendly car strategy, centering on electric vehicles,” Executive VP Lee Kwang-guk told a news conference, calling the technology mainstream and realistic.

Sister company Kia said it will add 3 plug-in vehicles to its stable.

Hyundai recently unveiled a near-production version of its new fuel cell SUV, which will be launched in Korea early next year, followed by US and European markets.

A fuel cell electric bus is to be unveiled late this year, and a fuel cell sedan is also planned.

Hyundai launched the Tucson Fuel Cell in 2013, and has sold about 862 since its 2013 launch, while Toyota has sold some 3,700 Mirai fuel cell vehicles since its 2014 launch.

Analysts noted that gaining traction with fuel cells will be “a long hard slog,” partly due to a lack of charging infrastructure. Korea has 10 fuel cell charging stations, and Japan has 100, according to Hyundai.

“Hyundai will achieve economies of scale for fuel cell cars by 2035 at the earliest,” said Lee Hang-koo, a Senior Research Fellow at the Korea Institute for Industrial Economics & Trade. “Before that, Hyundai has no choice but to rely on battery cars.”

 

Source: Reuters

  • Vincent Wolf

    The Koreans are going to beat the Japanese at their own game. Japan is late to the party.

    • Sandra Allen

      What are you talking about? Japan already has 100 hydrogen fueling stations which allows FCEVs to operate anywhere in the country, South Korea only has 10. California has 30 in operation and another 16 under construction and is planning the next round of stations. Japan and the US are clearly far ahead of South Korea.

  • Paul Leblond

    Big whop if they only sell them in CA and OR.

    • Randy George

      Yeah, what’s up with that? I had a Vermont dealer tell me that the Ioniq would be here in August, but there is no sign of it at all. Looks like Nissan might get my business again. They gave us a great deal to extend the lease on our LEAF for a few months to give us an opportunity to see the new LEAF. Sounds like that will be out at the beginning of next year.

      • dogphlap dogphlap

        I was talking to a state government fellow connected to the local EV initiative at a pre-release showing of the Ioniq BEV. He thought it might go on sale in Queensland Australia in December 2017. Just informed speculation of course, no guarantees whatsoever. The car looks nice but I found the claimed range surprising seeing as it only has a 28.5kWh battery. After two years of ownership of a Model S I still sometimes find myself trying to indicate with the DNR selector stalk (my 17 year old Ford has the has the indicator stalk in that position), a problem I should not have with the Ioniq since the DNR selection is done by centre console mounted switches just like the original Tesla Roadster.

  • jstack6

    I really like the Hyundai trio of Electrics in their IONIQ from Hybrid to Plugin Hybrid to 100% electric. They all have the lifetime battery warranty and the hybrid has the world’s 1st Lithium starter battery . I’d love to Desert HEAT test them in our Phoenix HOT Summers.
    We can’t seem to get them in Arizona since we are no longer a CARB or Clean car state. Our local AZDEQ Dept of Environmental Quality canceled it saying it cost too much and they didn’t want to follow California. Really the Dealer Association forced them to drop it. Lucky for US Tesla is growing super fast and will do more than any rules EVer could.

  • Ed

    I think you should add that one of the reasons HFC vehicles struggle is that the word is getting around about how convenient it is to charge an EV at home…and start every day with a “full tank.” It makes life very simple for daily commuting, even compared to an ICE vehicle….but especially to an HFC.