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European Market: Adjusting Electrification Plan Amid Slowing EV Sales

es (EVs and PHVs) by 2030. The remaining 0-10% will allow for mild hybrid vehicles, if needed. By 2025, the electrified models are expected to account for 50-60% of total sales. The company remains committed to its long-term ambition (full electrification and achieving carbon neutrality by 2040). Hyundai Motor,Kia Kia aims to expand its EV lineup to 11 models by 2026, and 15 models by 2027, making its lineup fully electric by 2035. In November ...

Market & Tech Reports Updated at: 2024/12/25

Analysis Report: Lithium-Ion Battery (Japan, Europe, North America and Korea)

100% in Europe, 30% in Japan, and 30% in India, and battery-lean BEVs/HEVs would be developed. In India, the company plans to develop engines for biogas ICE vehicles and build biogas production plants (Manesar Plant to begin operation in July 2024, with four plants in Gujarat from 2025 onwards). Hyundai Hyundai Motor Company initially planned to sell 1.87 million EVs per year by 2030, but in June 2023 it announced an acceleration of its EV shi...

Market & Tech Reports Updated at: 2024/10/18

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup Hyundai and Kia to build EV plants in Korea, battery joint venture plants with LGES/SK On in the US Summary Korean government: Aiming to have 4.2 million EVs on the road by 2030, continuing EV subsidies in 2024 Korean vehicle production capacity is 4.48 million units, Hyundai and Kia building EV dedicated plants Hyundai Motor Group’s electrification strategy Hyundai Mo...

Market & Tech Reports Updated at: 2024/07/25