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Analysis Report: Lithium-Ion Battery (Japanese, European, U.S. and Korean Markets)
uri plant, with which GM has a partnership with Samsung, has postponed its operation from 2026 to 2027. Until now, GM's BEVs have been collectively referred to as Ultium technology* (platform, battery, and electric drive unit), but after the announcement of the joint development of a small BEV with Hyundai in September 2024, the Ultium name was discontinued for the platform. On the other hand, a USD 888 million investment in a new V8 engine pl...
Market & Tech Reports Updated at: 2025/12/01
Hyundai and Kia’s Electrification Strategy and Korean Market Trends
Hyundai and Kia’s Electrification Strategy and Korean Market Trends GlobalData's 5-year forecast: Expanding EV production, diversifying export destinations Summary GlobalData Production Forecast: Korea’s light vehicle production to remain at around 3.7 million units by 2030 Electrification goals of the Korean government Hyundai-Kia's electrification strategy Hyundai-Kia Motor Group GM Korea Renault Korea (formerly Renault Samsung) KG Mobility...
Market & Tech Reports Updated at: 2025/10/23
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
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