Two months ago, the chiefs of Hyundai and SK Innovation met to discuss possible cooperation in the EV market. Obviously, the two companies have reached a level of agreement. More specifically, they have agreed to cooperate in the development of a sustainable ecosystem for EV batteries, which includes battery sales solutions, battery management service and battery reuse, and recycling. To enable cooperation, both...

11 September 2020

Hyundai announced that the IONIQ is now a separate brand dedicated to battery electric vehicles. "The IONIQ brand will change the paradigm of EV customer experience," said Wonhong Cho, Executive Vice President and Global Chief Marketing Officer at Hyundai Motor Company. "With a new emphasis on connected living, we will offer electrified experiences integral to an eco-friendly lifestyle." In early 2021, Hyundai will...

10 August 2020

South Korean news agency Yonhap reports that during a televised briefing, Hyundai's Executive Vice Chairman Chung Euisun said that the company's goal is to achieve more than 10% market share in the global EV market by 2025 by selling around 1 million EV units. This will be achieved by increasing investment and launching more electric vehicles. For starters, next year Hyundai will start producing an EV model based on...

17 July 2020

Yonhap and other South Korean news outlets report that the chiefs of Hyundai and SK Innovation have met to discuss future cooperation in the EV market. The Executive Vice Chairman of Hyundai Motor Group - Chung Euisun, and the Chairman of SK Group - Chey Tae-won have met to discuss cooperation on next-generation EV battery technologies, power management chips, and the battery-as-a-service (Baas) platform. The...

8 July 2020

Hyundai Motor UK confirmed the supply of thousands of electric vehicles in 2020, in its aim to become one of the nation's largest provider of electric cars. Customers looking for an all-electric Hyundai can order their car now with delivery in as little as a few days. Hyundai currently offers the Kona Hybrid and Kona Electric, IONIQ Hybrid, Plug-In Hybrid and Electric. Through the introduction of manufacture at its...

24 June 2020

Various South Korean news outlets announced today that the Executive Vice Chairman of Hyundai Motor Group, Chung Euisun, and the LG Group Chairman, Koo Kwang-mo, will meet next week to discuss electric vehicle battery business. According to industry sources, Chung will visit LG Chem's EV battery production site located in Cheongju, North Chungcheong Province, on Monday. LG Chem is already chosen to supply batteries...

19 June 2020