Hyundai’s Concept IONIQ 7: A Visionary Electrical SUV
After introducing its innovative “Hyundai Means” methodology on Wednesday, Hyundai officially verified that its eagerly awaited three-row electric SUV, the IONIQ 9, will be manufactured in the United States. Hyundai has unveiled plans to introduce extended-range electric vehicles (EREVs) capable of traveling over 550 miles (900 km) on a single charge, further solidifying its commitment to the development of eco-friendly transportation solutions. Here’s what else you can count on from Hyundai over the next few years:
Introducing the innovative Hyundai Means approach.
“During the electrification era, Hyundai Motor Company stands out as a pioneer, having introduced a comprehensive lineup of electric vehicles that spans from affordable mass-market models to luxury and high-performance variants, all of which boast exceptional speed.”
At Hyundai’s 2024 CEO Investor Day, the company unveiled its strategy for the midterm and long-term periods. Under Hyundai’s revamped “Hyundai Means” strategy, the company aims to sell 5.55 million vehicles worldwide by 2030.
The company aims to achieve a 30% increase in vehicle sales compared to the previous year’s total of approximately 4.2 million, with a target of around 5.5 million units sold. To achieve this goal, Hyundai plans to manufacture an additional one million vehicles worldwide.
“Building on its unmatched expertise and the innovative spirit driven by current challenges, Hyundai is well-positioned to lead the electric vehicle market forward.”
Hyundai aims to boost its electric vehicle lineup, anticipating that by 2030, electrified models will represent more than a third (36%) of its total vehicle sales.
North America, Hyundai’s largest market, is expected to account for 690,000 units, while European sales are projected at 467,000 vehicles.
Hyundai has announced plans to expand its offerings with additional hybrid models in the near future, similar to its industry rivals. Hyundai plans to significantly expand its hybrid offerings, increasing its range from seven to 14 models as part of a broader effort to boost fuel efficiency and reduce emissions.
The brand’s latest hybrid offerings will encompass a range of vehicles, including compact, full-size, and luxury models under the Genesis brand umbrella. Hyundai aims to significantly boost its hybrid sales by a substantial 40% increase, targeting 1.33 million units by 2028, up from 2023’s figure.
Hyundai has announced its intention to introduce a three-row version of its IONIQ subcompact crossover, dubbed IONIQ 9, in addition to electric range-extended vehicles (EREVs) for the US market.
Hyundai’s massive new Metaplant America facility in Georgia is poised to play a crucial role in the company’s growth strategy.
Power is expected to be fully restored by early 2024, enabling production of Hyundai’s innovative electric vehicles, including the updated IONIQ 5 and the brand’s inaugural three-row electric SUV, the IONIQ 9.
Hyundai has announced plans to manufacture its IONIQ 9 and IONIQ 5 models in the United States, with a focus on meeting growing demand for hybrid variants.
As part of its innovative approach, Hyundai has announced plans to introduce Prolonged-Range Electric Vehicles (EREVs). Although an EREV still features a combustion engine, its primary function is to generate electricity that charges the onboard battery.
Hyundai claims to have created a groundbreaking new energy system that enables four-wheel drive functionality using just two electric motors.
Hyundai aims to boost the adoption of extended-range electric vehicles (EREVs) by leveraging existing powertrains and sacrificing around 30% of their battery capacity, potentially positioning them as a more affordable alternative to plug-in hybrids.
A comparison of the Hyundai IONIQ 5 (left) and IONIQ 6, seen here at a Tesla Supercharger station.
Over 550 miles vary?
The corporation announced that the EREVs will feature bespoke EV-specific driving modes and a comprehensive range of over 550 miles (900 km) driving possibilities.
Mass production is slated to begin in North America and China by the end of 2026, while full-scale commercial availability is expected to launch in 2027. As Hyundai and Genesis aim to boost sales, they are set to introduce new mid-size SUVs in North America, leveraging advanced technology to drive over 80,000 unit sales annually.
To address customer feedback, Hyundai is planning to introduce a plug-in hybrid electric vehicle (EREV) version of its top-selling Santa Fe SUV and pickup truck in the US market.
Several top-performing electric pickup trucks, including the Tesla Cybertruck and Ford’s F-150 Lightning, were recently spotted near Hyundai’s facility in South Korea.
Ahead of its formal launch, Hyundai has been putting the IONIQ 9 through its paces on US roads.
h double-digit market share (10%).
