Hyundai and Kia: Expanding HEV/EV models, strengthening US business Hyundai strengthening HEV & hydrogen strategy, Kia pursuing EV & PBV market strategy Summary Hyundai Motor Group global sales volume Hyundai Group production sites (after 2024) Hyundai's mid- to long-term plan: Strengthening development of HEVs and EREVs, expanding to 21 EV models Kia's mid- to long-term plan: Investing KRW 38 trillion over 5 years in electrification, PBV, and SD...

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

yundai Inster An A-segment SUV introduced in November 2024. Hyundai Inster Cross Inster’s variant wrapped in outdoor-focused design released at the end of 2024. Hyundai Ioniq 9 A full-size crossover SUV to be introduced in July-December 2025. Hyundai Kia PV5 A midsize Purpose Built Vehicle (PBV) to be launched in 2025. Hyundai Kia EV3 A Compact SUV launched in October 2024. Hyundai Kia EV4 A compact sedan to be released in 2025. Hyu...

Market & Tech Reports  Updated at: 2024/12/25

The new FH Aero lineup, FM low entry and VNL for the American market Ford: Unveiling of Ranger PHEV and battery-electric F-Line E Toyota: Premiere of the BEV Proace Max, presentation of the Hilux 48V Mild-Hybrid Concept and FCEV Prototype Isuzu Anadolu: Launch of the Big·e for micro-mobility Kia: PBV concept PV5 and PV7 Maxus: World premiere of the eTerron 9, and presenting the recently unveiled eDeliver 5 and eDeliver 7 vans JAC Motors: Europe...

Market & Tech Reports  Updated at: 2024/12/05

ty of 3.404 million units, accounting for around 76% of the total domestic capacity. Hyundai Motor began building an EV dedicated plant on the site of the Ulsan Plant in November 2023. The new plant with an annual production capacity of 200,000 units will be completed in 2025. Kia is building an EV PBV (commercial EV Purpose Built Vehicle) plant on the site of the Hwaseong Plant, which is scheduled to start operations with an annual capacity of 1...

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

CES 2024: Alternative vehicles and user experience technologies Kia, Hyundai concepts show alternative use cases; technologies enhance in-vehicle entertainment Summary Kia launches modular PBV platform with five concepts Hyundai showcases future mobility options and evolution to SDx User experience and interface technologies Alternative mobility vehicles and solutions CES 2024 sign outside of convention hall   CES 2024 took place from J...

Market & Tech Reports  Updated at: 2024/02/27

obility. Display of SDV E/E architecture and self-driving/safety feature technologies and High-Performance Vehicle Computer (HPVC) for SDVs. Videos showed core software and AI technologies of SDVs and various practical software-defined mobility services that are available today.   Kia   Five Kia PBV (Platform Beyond Vehicle) concept models were unveiled at CES 2024-three Concept PV5 derivatives, Concept PV7 and Concept PV1. Kia Concept PV5 wil...

Market & Tech Reports  Updated at: 2024/02/02

Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity Kia to set up electric PBV plant in Korea, Hyundai to construct EV plant in U.S. Summary Korean government: Planning to produce 3.3 million EVs by 2030, granting EV subsidies of up to KRW 5 million Korean automaker production capacity is 4.5 million units, with the Hyundai Motor Group accounting for 78% of the total Hyundai Motor Group’s electrification...

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

-up trucks by 2027. While Korea is regarded as a development and production hub for EVs, the company will manufacture strategic EVs in the U.S., Europe, and China. Kia intends to raise its production capacity for EV batteries from 13 GWh in 2022 to 119 GWh by 2030. Regarding Purpose Built Vehicles (PBV), which are designed to meet various applications by users, it will release a dedicated PBV model in 2025.   Hyundai plans to secure a sufficient...

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

tion zone also exhibited Kia's futuristic connected car technologies, such as Kia Connect and EV6 charging stations. Kia also displayed its existing products, the Seltos, Sonet, Carens, and the electric vehicle EV6 at the event.   Kia also announced its entry into the “Purpose Built Vehicles” (PBV) segment with the Carens vehicle converted into a police van as well as an ambulance addressing the specific mobility needs of various institution...

Market & Tech Reports  Updated at: 2023/02/06

ociety at the Hydrogen Wave forum. The Group intends to popularize hydrogen throughout society by 2040. All new commercial vehicle models to be launched hereafter will be EVs or FCVs, and all commercial vehicle models will have FCV versions by 2028. The Group will develop a 5- to 7-meter fuel cell PBV (purpose-built electric vehicle) for the light commercial vehicle market by 2030. The price of the third-generation fuel-cell system is expected t...

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

Hyundai Motor Group: Aiming to sell 1 million EVs a year in 2025-26 Investing in advanced technologies, and entering the Purpose Built Vehicle (PBV) market Summary Hyundai: Transforming from an automaker to a mobility solutions company Introduction of a variety of EVs based on E-GMP Entering the flying car market, working on robots and autonomous driving Hyundai's fuel cell vehicle strategy Kia: Focusing on EVs, Purpose Built Vehicles (PBVs) and ...

Market & Tech Reports  Updated at: 2021/08/05

R 100  million in Arrival In January 2020, HMC and Kia announced an investment of EUR 100 million in Arrival Ltd. (Arrival), a UK EV startup, to develop mobility services and electrified vehicles using Arrival’s key technologies. The three companies intend to develop new purpose built vehicles (PBVs) based on Arrival’s flexible skateboard platform and technologies. Arrival’s EV model named Generation 2, which has been designed from a blan...

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

nd Mitsubishi Electric displayed concepts which highlighted the vehicle as a flexible, shared space with the MOOX, Continental Urban Mobility Experience (CUBE) and Emirai-S, respectively. Hyundai's concept extended the vision of shared mobility, connecting the flexibility of Purpose Built Vehicles (PBV) to centralized Hubs that can accommodate customized PBVs. Toyota Boshoku MX191 concept Samsung Digital Cockpit 2020 concept   This rep...

Market & Tech Reports  Updated at: 2020/02/17