Hyundai Motors' Electrification Odyssey: A Glimpse into the Future of Sustainable Transportation
Key Ideas
- Hyundai Motors unveils 'Hyundai Way' strategy, focusing on electrification, hybrid tech, hydrogen fuel, and autonomous driving, with ambitious targets for the future.
- By 2030, Hyundai aims to have 21 EV models on sale, targeting 5.55 million annual global sales and 2 million EV sales annually, catering to diverse consumer needs.
- The company plans to expand its Hybrid Electric Vehicle lineup, introduce new Extended-Range Electric Vehicles, and broaden its hydrogen strategy for various applications.
- Hyundai also reveals plans for autonomous driving capabilities, an IPO in India by early 2025, and a massive global investment of over ₹7 trillion between 2024 and 2033.
Hyundai Motors has unveiled its 'Hyundai Way' strategy, positioning itself for a future centered on electrification, hybrid technology, hydrogen fuel, and autonomous driving. The strategy sets ambitious targets, including a significant increase in global sales by 2030. Hyundai plans to introduce a total of 21 EV models by 2030, with a focus on catering to a wide range of consumers, from budget-conscious to luxury seekers. Additionally, the company aims to expand its Hybrid Electric Vehicle lineup and introduce new Extended-Range Electric Vehicles for extended driving ranges. Hyundai is also broadening its hydrogen strategy, encompassing applications in various sectors like trams, trains, and sea vessels, aligning with its goal of achieving net zero carbon emissions by 2045.
Apart from advancements in electric vehicles, Hyundai is delving into autonomous driving technology, with plans to supply autonomous vehicles to global tech companies. The company is also set to launch an Initial Public Offering (IPO) in India by early 2025, signaling its commitment to expanding in the Indian market. To support these endeavors, Hyundai will be making a substantial global investment of over ₹7 trillion between 2024 and 2033, highlighting its dedication to leading the future of mobility and sustainable transportation.
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