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Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup
capacity in Korea by OEM Assembly plant Production capacity(1,000 units) Production in 2023(1,000 units) Models and activities Hyundai Motor Co., Ltd. Ulsan 1400→1,600 (2025) 1,579 Hyundai Kona, Avante(Elantra), Tucson, Santa Fe, Ioniq 5, Palisade, Venue, Staria, NEXO/Genesis G90, G80, G70, GV80, GV70, GV60.Construction of an EV dedicated plant (annual capacity of 200,000 units) scheduled to be completed in 2025. Asan 300 283 Hyundai Gr...
Market & Tech Reports Updated at: 2024/07/25
Auto Summit 2023: Electrification and Digitalization in Germany
introduce plug-in hybrid models. Genesis model lineup (Source: © Copyright 2023 Genesis Motor Europe GmbH) Genesis model competitors (Gasoline/Diesel) Genesis models Competing models G70 BMW 3, Audi A4 GV70 BMW X3, Mercedes Benz GLC G80 BMW 5, Audi A6, Mercedes-Benz E-Class GV80 BMW X5 (Source: Created by MarkLines based on presentation content) The GV60 adopts the same BEV-specific E-GMP platform as the Hyundai Ion...
Market & Tech Reports Updated at: 2023/08/14
Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity
cle production capacity in Korea by OEM Assembly plant Production capacity(1,000 units) Production in 2022(1,000 units) Models and activities Hyundai Motor Company Ulsan 1,400 1,424 Hyundai Kona, Avante (Elantra), Tucson, Santa Fe, Ioniq 5, Palisade, Venue, Staria, NEXO/Genesis G90, G80, G70, GV80, GV70, GV60Construction of an EV dedicated plant started in Q4 2023 and scheduled to be completed in 2025. Asan 300 219 Hyundai Grandeur (Azera...
Market & Tech Reports Updated at: 2023/07/05
Korean market and domestic brand trends: Semiconductor shortages reducing production and sales
uction capacity in Korea by OEM Assembly plant Production capacity(1,000 units) Production in 2020(1,000 units) Models and activities Hyundai Motor Ulsan 1,400 1,346 Hyundai Veloster, Kona, Avante (Elantra), Tucson, Santa Fe, Ioniq 5, i30, Palisade, Venue, Staria, NEXO/Genesis G90, G80, G70, GV80, GV70, GV60 Asan 300 237 Hyundai Grandeur (Azera), Sonata, Ioniq 6(2022- planned) Jeonju 103 36 Hyundai buses and trucks, Staria(2022- ...
Market & Tech Reports Updated at: 2022/03/01
IAA Mobility 2021: VW and Ford reveal concepts and electric cars focusing on performance
in the market since the end of 2020. This full-electric SUV is produced at Mexico's Cuautitlan assembly plant and has received accolades such as the "North American SUV of the Year" by a jury formed by US and Canada-based automotive journalists in early 2021, beating competitors such as the Genesis GV80 and the Lad Rover Defender. The external design of the Mustang follows the brand's sportive and elegant lines, with a minimalistic approach. T...
Market & Tech Reports Updated at: 2021/10/06
IAA Mobility 2021: Great Wall Motor launches ORA and WEY brand NEVs in EU
rojects to commercially reuse second-life EV batteries. It also plans to test a small size application of SLBESS in Germany in 2022. The booth of Hyundai Motor Group's luxury brand Genesis was located in the outdoor main hall, displaying four vehicles: the G70 and G80 sedans, and the GV70 and GV80 crossover SUVs. The company also introduced the G70 Shooting Brake, which will be launched in the European market at the end of 2021. G70 ...
Market & Tech Reports Updated at: 2021/09/27
Auto Shanghai 2021: NEVs of Non-Chinese OEMs
f 272kW and a maximum torque of 700Nm. The vehicle is equipped with two motors, front and rear (136kW / 350Nm). Moreover, the Genesis X Concept, which was unveiled online on March 31, 2021, had its Asian premiere. Asia premiere of the Genesis X Concept EV model Genesis G80 Genesis GV80 Hyundai brand Hyundai Motor Co., Ltd. (Hyundai), whose theme for this year’s show is “Customer-centric, Innovative Mobility Solution...
Market & Tech Reports Updated at: 2021/04/27
Korean market and trends of domestic brands: Tax breaks boosting domestic sales
of KRW 313.8 billion, while its net loss stood at KRW 188.8 billion. Third quarter results reflected engine-related provision expenses. The company’s global sales for the same period declined by 9.6% y/y to 998,000 units. Sales in Korea rose 21.9%, led by newly launched models such as the Genesis GV80 and G80 as well as the Hyundai Elantra. Total sales in markets other than Korea dropped by 15% as industry demand remained weak in almost all mar...
Market & Tech Reports Updated at: 2020/11/12
Autonomous, connectivity and HMI activities of Western suppliers - Part 2
ct high-performance HUDContinental has developed an ultra-compact, high-performance HUD. The HUD is particularly suitable for integration into cockpits with limited space, such as sports cars. (From a press release on June 17, 2019) Contracts Display with autostereoscopic 3D technology on Genesis GV80Continental will launch its volume-production display with auto-stereoscopic 3D technology on the Genesis GV80 high-line variant. The screen is ca...
Market & Tech Reports Updated at: 2020/10/26
Hyundai Motor Group: increasing electrified vehicle lineup with 44 models in 2025
d. HMC plans to launch the all-new Avante/Elantra, a popular compact sedan, in Korea and the global market in 2020. In the US, HMC entered the subcompact SUV segment by launching the Venue, and in 2021, it will release the Santa Cruz compact pickup truck. The Genesis luxury brand launched the GV80, its first SUV, in 2020, and will release the midsize SUV GV70, its second SUV, later in the year. New Hyundai Avante/Elantra compact seda...
Market & Tech Reports Updated at: 2020/06/22
OEM Measures to Expand Sales of SUVs and Pickups in the U.S.
in Q1 of 2020 as a 2021 model year vehicle. Also, in November 2019, Hyundai announced that it will build its new Santa Cruz from 2021 at its Montgomery Plant in Alabama. Furthermore, in January 2020, the Genesis luxury car brand of the Hyundai Motor Group released official images of the Genesis GV80, which is scheduled to be sold worldwide as the brand's first SUV. Introduction of 13 models of various alternative fuel vehicles by 2022 I...
Market & Tech Reports Updated at: 2020/05/20
Korean market and trends of domestic brands: 2019 production forecasted to fall below 2018 level
engine and transmission to reduce gear shift time, resulting in improved fuel economy and driving performance. The sedan is produced at the Asan plant. Venue 2H 2019 A subcompact crossover SUV for the global market that is positioned below the Kona. The SUV is built at the Ulsan plant. Genesis GV80 November 2019 A midsize crossover SUV equipped with a 2.5L four–cylinder turbocharged/3.8L V6 gasoline engine or a 3.0L six-cylinder diesel eng...
Market & Tech Reports Updated at: 2019/08/16
Hyundai Motor Group: advancing electrification with the Kona Electric SUV
of 385 km. New Soul 2018 This compact MPV was exhibited at the Los Angeles Auto Show in November 2018. It comes with a 1.6-liter GDI engine. A limited number of the EV version will be marketed in some regions. Telluride End of 2018 This full-size SUV shares a platform with the Genesis GV70 and GV80. The model is powered by a 3.8-liter V6 gasoline engine. New Sorento 2019 A two-row five-seat/three-row seven-seat midsize SUV. New Ceed/Ceed...
Market & Tech Reports Updated at: 2018/12/20