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

Maruti Suzuki India Limited (MSIL): e VITARA, and electric ecosystem "e For Me" Hyundai Motor India Limited (HMIL): CRETA Electric, and last-mile mobility in partnership with TVS Tata Motors: Avinya X Concept, and flex fuel engine Vinfast: Debut in India by launching VF 6 and VF 7 electric vehicles Kia India: New EV6, and Syros sub-compact SUV BYD India: Sealion 7 electric SUV, Sealion 6 PHEV, and Yangwang U8 luxury SUV Isuzu Motors: D-Max EV Con...

Market & Tech Reports  Updated at: 2025/02/13

800V fast charging system is a method that enables shorter charging times. Its adoption for production vehicles began with the Porsche Taycan in 2020, and the number of examples in which 800V batteries are used by companies outside Japan in vehicles such as the Audi e-tron GT, Hyundai Ioniq 5, and Kia EV6 is increasing.   The next-generation fast charger currently under development is being jointly developed by Takaoka Toko and e-Mobility Power...

Market & Tech Reports  Updated at: 2024/11/01

EV shift to 2 million units globally, 33 new EV models, and an investment of KRW 35.8 trillion. However, the Chinese business has been downsized and two plants have been sold. The shift to North America has become clear, and a dedicated EV plant, the "Meta Plant" (in Georgia, producing the Hyundai, Kia, and Genesis 3 brands), is scheduled to start up in the third quarter of 2024. Cell production has been mainly outsourced, with local sourcing fro...

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

atured exhibits from 57 Korean auto parts companies.   Although there were no displays of electrified vehicles or e-Axles this year, there were many parts for electrified vehicles by suppliers who have conventionally supplied parts for ICE (internal combustion engine) vehicles, such as for Hyundai/Kia, and exhibits related to electrification and autonomous driving attracted the interest of participants.   This report introduces the items on dis...

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

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup Hyundai and Kia to build EV plants in Korea, battery joint venture plants with LGES/SK On in the US Summary Korean government: Aiming to have 4.2 million EVs on the road by 2030, continuing EV subsidies in 2024 Korean vehicle production capacity is 4.48 million units, Hyundai and Kia building EV dedicated plants Hyundai Motor Group’s electrification strategy Hyundai Mo...

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

SUV, WagonR Flex Fuel prototype Hyundai: Localization efforts in India Tata Motors: Nexon iCNG Concept, acti.ev electric architecture based Punch.ev Mahinda & Mahindra: Flex Fuel Vehicle prototype, BE.RALL-E electric SUV concept Toyota: Innova HyCross flex fuel prototype, Lexus ES 300h and UX 300e Kia: Luxury electric EV6, X-Line variants of Carens MG Motor: ZS EV and electric vehicle lineup, hydrogen fuel storage tank, high voltage battery pack...

Market & Tech Reports  Updated at: 2024/03/08

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

s had a large presence-Togg and VinFast. Togg is a Turkish company. VinFast is based in Vietnam and was at CES in 2023. Automotive Exhibitor Summary Segment Exhibitors Listed Other Information Vehicle tech 718 exhibitors Includes advanced mobility Auto OEMs 9 companies BMW, Honda, Hyundai, Kia, Lotus Technology, Mercedes-Benz, Togg, VinFast, VW Tier 1s 11+ companies Aptiv, Bosch, Continental, Denso, Hyundai Mobis, Forvia, Magna, Marell...

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

Indian OEMs Investment and Future Plans (1) Major Indian OEMs invest in the transition towards e-mobility Summary OEMs positive sales growth Maruti Suzuki India Hyundai Motor India Kia India Tata Motors Mahindra & Mahindra   Indian passenger car market witnessed tremendous growth in the last two years. The recent investment and new product announcements indicate that the Indian market is now ready for the next era of e-mobility and bigger cars. ...

Market & Tech Reports  Updated at: 2023/12/28

total.   Other companies include Greenlots, Francis Energy, EVConnect, EVCS and Blink.   In addition, the following OEMs have agreed to join forces to build a North American charging network to rival Tesla, and nearly double the number of DC fast charger plugs available. GM, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis will share this multi-billion-dollar investment to build fast charging stations with 30,000 plugs in urban areas and alon...

Market & Tech Reports  Updated at: 2023/11/16

Hyundai Grandeur Hybrid HEV Korea Asan Plant 2017 LG LiB 1.76kWh NMC Hyundai Kona Hybrid HEV Korea Ulsan Plant 2023 LG LiB 1.56kWh Hyundai Santa Fe Hybrid HEV Korea Ulsan Plant 2020 LiB 1.49kWh 270 5.5 Hyundai Sonata Hybrid HEV Korea Asan Plant 2019 LG LiB 1.4kWh 270 Kia EV6 BEV Korea Hwasung Plant 2021 SK LiB 77.4kWh Kia EV9 BEV Korea Gwangmyeong Plant 2023 LiB 99.8kWh 800 180.9 Kia K3 EV BEV Korea Ye...

Market & Tech Reports  Updated at: 2023/11/01

s, commanding road presence, safety parameters, and elevated driving position are some of the reasons why consumers are dumping small cars and moving towards these segments, which created a good market for these cars. Major OEMs in India including Maruti Suzuki, Mahindra, Toyota, Tata, Hyundai, and Kia are now focusing on these segments.   Decline of entry-level cars   The entry-level car market is declining rapidly in India. It is evident from...

Market & Tech Reports  Updated at: 2023/09/19

ic Systems business units Sales for the Doors and Cockpits business unit in the fiscal year ended December 31, 2022, totaled EUR 2,443.7 million, an increase of 9.4% from the previous year. The increase in sales was a result of higher sales in China, India, U.S., Mexico, Brazil, Germany, and Slovakia. The Doors and Cockpits business unit is in charge of the development and manufacturing of door systems products and cockpit modules, including in...

Market & Tech Reports  Updated at: 2023/09/14

iq 6 Launched in August 2023; the Ioniq 5 was launched in March 2022 Malaysia smart #1 (distributed by Proton) Scheduled to be introduced in Q3 of 2023 Mercedes-Benz EQS 500 4Matic Released in March 2023 Volvo EX90 Scheduled to be introduced in Q4 of 2024 Hyundai Ioniq 6 Launching in 2023 Kia Niro EV Announced in July 2023, imported from Korea BYD ATTO 3, e6 Released in December 2022 BYD Dolphin, Seal Scheduled to be introduced in Q...

Market & Tech Reports  Updated at: 2023/08/16

enesis 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 Ioniq 5 & Ioniq 6 and Kia EV6.   The target market for the GV70 is urban couples and young families - customers in their mid-20s with high household incomes, mid- to late-...

Market & Tech Reports  Updated at: 2023/08/14

ashtra State Electricity Distribution Co. Ltd PSU 112 NA Rajasthan Electronics and Instruments Limited PSU 174 HPCLIOCLBPCLOkaya Power Ather Private 93 Magenta ChargeGrid Bolt Private 1,723 Hero ElectricPark+REVOS Fortum Charge and Drive India Private 100 MG Motors Exicom Private 2 HyundaiKiaAudiVolvoJio-bpFortumTata Motors Kazam Private 502 BSES Yamuna Power Limited REVOS Private 1,228 Bolt Tata Power Private 1,077 HyundaiTata Mo...

Market & Tech Reports  Updated at: 2023/07/28

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

major components of the revised IRA guidelines. A vehicle must be assembled in North America (US, Canada, and Mexico). The brand and OEM’s country of origin is not a factor, only the final assembly plant location. This new requirement means that vehicles, including the BMW i4, Hyundai Ioniq5, Kia EV6 and Toyota bZ4X are no longer eligible for the tax credits at the present time. New pricing guidelines limit the MSRP of eligible vehicles. SU...

Market & Tech Reports  Updated at: 2023/06/26

Auto Shanghai 2023: Electric Vehicles from non-Chinese OEMs (2) Hyundai, Ford, GM, Stellantis, Mazda, Subaru Summary Hyundai: Introduces the N Series to China and debuts two NEV concept cars for the first time in the country; Kia unveils three EV models Ford: Launching the hybrid version of the Edge L 7-seater SUV; exhibiting the Mustang Mach-E GT and the F-150 Lightning electric pickup truck GM: Exhibits the Buick Electra E5, the Chevrolet FNR-X...

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