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Hyundai intends to produce electric vehicles on its own batteries with a cruising range of 500 km
02.12.2021 [12:39],
Alexey Razin

South Korean concern Hyundai Motor this week announced its intention to unveil a platform for electric vehicles early next year, which will rely on the use of traction batteries of its own production. This will allow the company to reduce costs, according to the authors of the initiative.

Image source: Hyundai Motor, Reuters

Hyundai Motor is now the fifth largest car manufacturer, but in the era of active electrification of the global car fleet, it is important to build a long-term strategy in this area. Hyundai and KIA electric vehicles, which will be built on the new E-GMP platform (from the English. Electric Global Modular Platform), proprietary traction battery technology will be used, Reuters explains. The number of components used by the power plant of these electric vehicles will be reduced by 60% compared to analogues.

Through standardization, unification and a modular approach to the layout, Hyundai Motor expects to quickly increase the volume of production of electric vehicles and their range. Electric vehicles using the E-GMP platform will be able to drive at least 500 km on a single charge. Now the most “long-range” Hyundai electric car is the Kona EV, whose power reserve according to the conventional EPA cycle does not exceed 415 km.

Hyundai and sister brand KIA aim to sell one million electric vehicles annually by 2025, ranking third in the market. By this time, at least 11 purebred electric vehicles of both brands should enter the market, and together with hybrids, their number will increase to 23 models. Koreans intend to promote modern electric vehicles under the Ioniq trademark.

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