Hyundai, the world’s fifth-largest auto group, has announced a major move forward in the transition to all-electric vehicles. The South Korean car company will launch an electric vehicle-only platform in 2021 with its own battery technology to cut production time and costs for these greener vehicles.Â
Called the Electric Global Modular Platform (E-GMP), Hyundai’s platform plans to use its own battery module technology to expedite production and cut the number of components in its electric vehicles by 60 percent.Â
Their anticipated electric vehicles will have a driving range of 500 kilometers (310 miles) on a single charge, a 23 percent increase from their current Kona EV model.Â
Hyundai and their sister company, Kia Motors, plan to sell a combined 1 million electric vehicles in 2025 and become the third-largest seller in the world. They plan to achieve this by launching 11 new all-electric models by 2025.Â
When it comes to transitioning to all-electric vehicles, advancements in battery technology and consumer pressure help drive change but having big auto players embrace the transition is also key to pushing electrification of cars across the entire industry.
