Vehicle production 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. ...

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

ts Ulsan Plant.   Vehicle 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 ...

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

by adding new models such as the Kia EV9 in 2023 and the Hyundai IONIQ7 in 2024 to its EV product portfolio. Autonomous driving50% of all Hyundai models and even 70% of the Kia models are already equipped with level 2 autonomous driving systems. The highway driving pilot will debut this year in the Genesis G90 and Kia EV9. Finally, Motional’s level 4 IONIQ 5 RoboTaxis are already in use for both driverless ride-hail and delivery in Las Vegas. F...

Market & Tech Reports  Updated at: 2023/05/31

Hyundai to sell 1.87 million EVs a year by 2030 Enhancing software for connectivity and autonomous driving, developing fuel cell commercial vehicles Summary Hyundai: Introducing 17 new EV models by 2030 Hyundai’s new EV model launch plan: New Kona, Ioniq 7, and Genesis GV90 to be released in 2023 Kia to sell 1.2 million battery EVs annually by 2030 Kia’s new EV model launch plan: Introducing EV dedicated models including EV9, EV7, and EV4 SUV...

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

et to reach carbon neutrality by 2050. The government is promoting the use of EVs to achieve this goal, and in July 2021, presented its strategy to develop the EV battery industry.   The Hyundai Motor Group enjoyed strong sales in 2021 through supply chain management and expanded sales of SUVs and Genesis luxury brand models despite the impact of the semiconductor supply shortage. The group is accelerating its electrification strategy, raising t...

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

eed L3 application regulation to be updated to allow “full-speed” L3. Meanwhile, Mercedes will start sales of its first low-speed L3 system not limiting production by volume or to leasing models like the Honda Legend L3 system that launched last year.   Meanwhile, Hyundai just hosted its first G90 Media Event in Korea on January 13th, after CES, where they showed robotics applications and “Mobility of Things” visions. VSI has thought tha...

Market & Tech Reports  Updated at: 2022/01/28

ly by 2025, comprising 560,000 EVs and 110,000 FCVs, aiming to be one of the top three EV and FCV manufacturers. HMC intends to offer electrified versions of most new models by 2030 in key markets such as Korea, the US, China and Europe, and by 2035 in emerging markets such as India and Brazil. The Genesis luxury brand will launch its first fully-electric models in 2021, before expanding its electric lineup in 2024. Europe HMC expects to delive...

Market & Tech Reports  Updated at: 2020/06/22

Hyundai Motor Group: advancing electrification with the Kona Electric SUV Expanding lineup for SUVs, the Genesis luxury brand and high-performance N series Summary Expanding lineup for SUVs, luxury models and high-performance vehicles Electrification strategy: aims to keep a leading position in EV and FCV technology Activities in the US, China and India Expanding partnership strategy for enhancing future mobility technologies HMC’s operating pr...

Market & Tech Reports  Updated at: 2018/12/20

Hyundai Motor: Launching the Genesis luxury brand and Ioniq green car series Struggles in China and the U.S. market, 2016 global shipments decline by 140,000 units Summary Launching the new Genesis luxury brand with plans to release 6 models by 2020 Releasing the Ioniq series and expanding green car offerings to 28 models by 2020 Hyundai's profit down for 4 consecutive years, company record an operating profit margin of 5.5% in 2016 Struggling in...

Market & Tech Reports  Updated at: 2017/05/23

North American International Auto Show 2016: Asian OEMs Concepts indicate future plans; returning models build on previous feedback Summary Nissan unveils Titan and IDS concepts; Infiniti exhibits Q60, Q50 and QX60 Toyota announces Kymeta partnership; Lexus shows production LC 500 Honda Ridgeline reenters market; Acura concept shows "precision crafted performance" Hyundai shows flagship G90 for Genesis brand; Kia displays Forte and Telluride conc...

Market & Tech Reports  Updated at: 2016/02/11