s by 2028 and 2 million EVs by 2030, expanding its EV lineup to 21 models, while focusing on the development of HEVs and range-extender vehicles in response to the declining demand for EVs. The North American Hyundai Motor Group Metaplant America (in Georgia, producing for the three brands Hyundai, KIA, and Genesis) began mass production in April 2025. The plant will also produce HEVs, although it was originally intended to produce BEVs only.   ...

Market & Tech Reports  Updated at: 2025/12/01

83% of total domestic Korean production. Although the domestic EV production lines are operating erratically due to slowing demand, the Group is increasing production at its plants outside Korea and plans to sequentially launch a number of EV and FCEV models, including the Ioniq 9, the EV3 through EV5, and the PV5.   GM Korea produced 494,000 vehicles in Korea in 2024, with more than 80% exported to the United States. Although domestic sales ar...

Market & Tech Reports  Updated at: 2025/10/23

354,100 Kia Sorento, Telluride, Sportage, Sportage HV,  Sportage PHV, EV9 (2024-), EV6 (2025-) transmission Hyundai GroupHyundai Motor Group Metaplant America (HMGMA) LLC Georgia West Point Plant 300,000 (operational in March 2025)500,000 (planned) Hyundai EV Ioniq 5 (2024-), EV Ioniq 9 (2025-);Kia, Genesis brand EVs (planned);HV models (planned) Battery(joint venture with LG Energy Solution) (Source: MarkLines - OEM Plants)   Chang...

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

ro, Sorento, Mohave(Borrego), EV6.Tasman (2025-planned). Hwaseong EVO plant 100-150 (2025) - Electric PBV (Purpose Built Vehicle) dedicated plant. Production will start in 2025. PV5 (2025-planned), PV7 (2027-planned). Gwangju 477 541 Kia Sportage, Soul, Soul EV(e-Soul), Seltos, trucks and buses.EV5 (2025-planned). Autoland Gwangmyeong(Former Sohari plant) 313 252 Kia K9(Quoris/K900), Grand Carnival(Carnival/Sedona), EV9.EV3 (2024-planned), ...

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

Bangkok International Motor Show 2024 (3) VinFast, European OEMs BEVs from VinFast, Kia, European brands, and Thai brand electric commercial vehicles Summary VinFast: Full lineup of electric car models Nex Point: Thai brand electric commercial vehicles Hyundai RN22e Rolling Lab high-performance car Kia EV5 mid-sized electric SUV Ford Ranger Wildtrak V6 pickup truck Volvo EX30 BEV compact SUV BMW iX2 xDrive30 M Sport and i5 eDrive40 M Sport (Inspi...

Market & Tech Reports  Updated at: 2024/04/30

est Korean e-commerce platform. Hyundai-Kia’s electrification strategy Hyundai Motor Group On April 11, 2023, Hyundai Motor Group announced that it will have a total lineup of 31 EV models in 2030. The Group plans to invest KRW 24 trillion in the domestic EV industry through Hyundai Motor, Kia, and Hyundai MOBIS by 2030. The Group aims to boost its annual EV production volume to 1.51 million units in Korea and 3.64 million units in overs...

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

oduction of its high-performance N series in China and celebrated the world premiere of its first model, the Elantra N. The Hyundai EV concept car RN22e and the hydrogen/electric hybrid concept car N Vision 74 also made their China premieres. The Kia brand exhibited three EV models: the EV6 GT, the EV5 concept car, and the EV9 concept car. The Genesis brand exhibited the G80 electric sedan.   Among the American brands, the HV (hybrid vehicle) ve...

Market & Tech Reports  Updated at: 2023/05/26

eat Wall Motor will unveil a new smart four-wheel drive hybrid technology. In addition, the major companies have all announced sales targets and product plans for 2023.   Foreign automakers will accelerate the shift to NEVs (NEV: battery electric vehicles, plug-in hybrids, and fuel cell vehicles). Kia, Honda, and Stellantis announced their electrification strategies. Volkswagen and Toyota are aggressively upgrading their plants to expand their e...

Market & Tech Reports  Updated at: 2023/04/28

OEM Electrification Strategies: Strengthening HVs and diversifying into EVs, PHVs, and FCVs Toyota, Honda, Hyundai-Kia, GM, and Ford trends Summary OEM plans to strengthen HV and diversify electric models such as EVs, PHVs, and FCVs Toyota: Aims for 5.5 million electrified vehicles and 1 million EV and FCV in 2030 Honda: Clarity series introduced, with plans to electrify two-thirds of Honda vehicles sold globally in 2030 Hyundai-Kia: Expanded lin...

Market & Tech Reports  Updated at: 2018/05/01

t vehicle sales volumes will decrease from over 90% in 2018 to roughly 70% in 2025. Conversely, battery electric vehicles (BEVs) and mild hybrid electric vehicles (MHEVs) featuring a 48V system will see remarkable growth. The next report is scheduled to present an overview of Toyota, Honda, Hyundai/Kia, GM, and Ford's electrification strategies. Related Reports: CES 2018: Growing prevalence of electric vehicles (Jan. 2018) IAA 2017: German OEMs e...

Market & Tech Reports  Updated at: 2018/04/06