up from 5.3% in 2024.   Hyundai's new EV launch plan Model Vehicle type Release date Overview ST1 Electric truck April 2024 Commercial electric vehicle. The commercial platform is based on a chassis cab, allowing consumers to choose the cargo bed configuration based on their business needs. Casper Electric A segment November 2024 Launched in Korea in August 2024, in Europe in November 2024, and in Japan in the spring of 2025. Creta Elec...

Market & Tech Reports  Updated at: 2025/04/07

ATL LiB 41kWh×3 Cylindrical LFP 360 Isuzu Elf EV BEV Japan Fujisawa 2023 LG LiB 20kWh×5   Asia OEM Model Type Countryofproduction Main plant Model year Cell supplier Battery type Total power (kWh) Cell shape Electrode Battery configuration Total voltage (V) Capacity (Ah) Hyundai Casper / Inster BEV Korea Gwangju Plant 2024 LG LiB 42 / 49kWh Hyundai Elantra Hybrid HEV Korea Ulsan Plant 2022 LG Li-P 240 Hyundai Ion...

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

pickup truck O100 (2024-planned) Renault Korea(Former Renault Samsung) Busan 300 101 SM6, QM6(Renault Koleos), XM3(Renault Arkana), EV Twizy. Polestar 4(2025-planned). Grand Koleos HV, Aurora 2 (2026-planned), Aurora 3 (2027-planned). Gwangju Global Motors Co., Ltd.(GGM) Gwangju 100 45 Hyundai Casper (contract production). Casper Electric (Inster) (2024-planned). This company was established by the city of Gwangju (a 21% stake), Hyundai Mot...

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

Renault Korea Motors(Former Renault Samsung) Busan 300 168 SM6, QM6 (Renault Koleos), XM3 (Renault Arkana), EV Twizy, Renault and the Geely Group will cooperate to launch new HV and ICE models based on the CMA platform (2024-planned). Gwangju Global Motors Co., Ltd. (GGM) Gwangju 100 50 Hyundai Casper (contract production）, Casper EV (2024-planned) Operations started in September 2021. This company was established by the city of Gwangju (a ...

Market & Tech Reports  Updated at: 2023/07/05

ion will grow gradually after 2024 and reach 7.79 million units in 2026, up by 13.3% compared to 2023.   In Korea, Hyundai Group posted a production upturn (+4.8% y/y) in 2022 as all its brands reported production gains. The Hyundai brand boosted its production tally by adding its first A-SUV, the Casper, and BEV sedan, the Ioniq 6 and by successfully increasing production of its new dedicated BEV, the Ioniq 5. The Genesis brand also reported ga...

Market & Tech Reports  Updated at: 2023/03/17

established by Hyundai Motor Company and the city of Gwangju in the southwest of Korea started operations with an annual production capacity of 100,000 units. Since the plant does not have a labor union and contracts to produce vehicles at low cost, Hyundai Motor Company entrusts production of the Casper mini SUV there. GM Korea plans to raise its annual production capacity from 650,000 to 690,000 by 2022, after it renovates the facilities of th...

Market & Tech Reports  Updated at: 2022/03/01