Hyundai Motor Group (the Group) Chairman Euisun Chung today delivered a New Year’s message for the Group’s employees around the globe, outlining the company’s strategic direction and commitments for the year 2021 and beyond.
“With the launch of new vehicles based on the recently released electric vehicle platform, the E-GMP (Electric-Global Modular Platform), we plan to provide attractive eco-friendly mobility options that aptly reflect customers’ diverse tastes and needs at more reasonable prices,” the Chairman said regarding the Group’s vision to become a top-tier global eco-friendly brand.
“Furthermore, our hydrogen fuel cell technology, recognized as the world’s most advanced, will be expanded to diverse mobility and industrial sectors to help achieve carbon neutrality under the ‘HTWO (Hydrogen + Humanity)’ brand,” he added.
This year Hyundai Motor Group will concentrate efforts to become a global electric vehicle powerhouse by launching dedicated electric vehicles built on the E-GMP, including Hyundai Motor’s IONIQ 5, Kia’s crossover electric vehicle and Genesis luxury brand’s crossover electric vehicles.
The E-GMP offers a multi-charging system allowing both the 800V and 400V charging capabilities. The system is the world’s first patented technology which operates the motor and inverter to boost 400V to 800V for a stable charging compatibility. A battery electric vehicle based on the E-GMP is capable of a maximum range of over 500 kilometers with a fully charged battery (WLTP standard) and it can high-speed charge up to 80 percent in just 18 minutes and can add up to 100 kilometers of driving range in just five minutes.
Hyundai Motor Group plans to expand its battery electric vehicle lineup from the current eight models to 23 by 2025 and sell 1 million units annually in global markets.
It will also accelerate the building of EV infrastructure. Hyundai Motor Group will set up 20 high-speed charging stations in Korea by 2021 and will further expand its charging network in cooperation with energy companies. Overseas, the Group plans to have EV charging infrastructure optimized for market-specific environments with various partners, including IONITY, Europe’s leading high-power charging network in which the Group made a strategic investment.
Moreover, the Group will accelerate the creation of a hydrogen energy ecosystem. It will expand the supply of hydrogen fuel cell systems with the world’s best technology as power sources for ships, generators, and trains as well as global automakers. The Group recently introduced a dedicated HTWO brand for fuel cell systems as part of such efforts.
Through strategic partnerships with global companies specializing in hydrogen, energy and logistics, the Group will aim to take the lead in hydrogen-related projects. It will also focus on developing next-generation hydrogen fuel cell systems that will be applied to future eco-friendly mobility solutions such as Urban Air Mobility (UAM).