Hyundai Motor Group

Hyundai Motor Group, including Kia, doesn’t expect to launch solid-state EV batteries until 2030, at the earliest. The company said there’s “a lot of uncertainty” around the promising new battery tech. With others, including Mercedes-Benz, Toyota, Stellantis, Honda, and Chinese battery giants CATL and BYD, who will be the first to get the “holy grail” of battery tech on the market?

The world’s third-largest auto group is going all-in to lead the shift to electrification. With plans to pour a record over $16.6 billion into advancing new tech and EVs in South Korea, Hyundai is laying the groundwork for the future. Can the new investment help it surpass Volkswagen or Toyota in global sales?

Hyundai is about to take the next steps as it preps to launch production of its “game-changing” all-solid-state batteries. The new EV battery tech promises a longer driving range, faster charging, and significantly higher energy density. Here’s what to expect.

Despite an impressive year in 2024, Hyundai Motor Group chairman Euisun Chung told employees that even more is on the way — and it’s coming very soon. With new EVs and advanced tech launching, Hyundai’s chief said, “The real best is yet to come.”

Hyundai’s latest creation looks like something straight out of an Iron Man movie. Designed to boost strength and reduce injuries, Hyundai and Kia unveiled the new wearable robot tech for the first time. The first of a new series, “X-ble Shoulder,” is now available for consultation in Korea, with deliveries planned for the first half of 2025. For those in the US and Europe, don’t worry. Following its domestic launch, Hyundai plans to introduce its newest innovation overseas.

Although President-Elect Donald Trump is promising to end the $7,500 EV tax credit, Hyundai is confident it will continue growing in the US. The company just opened a massive new $7.6 billion manufacturing plant in Georgia as it looks to grab a bigger share of the US market.

The Korean automaker is charging ahead toward a cleaner future. Hyundai just signed the largest renewable energy supply contract in Korea. The massive clean energy supply is enough to fully charge its all-electric IONIQ 5 SUV over 7 million times.

Hyundai Motor Group’s supplier, Hyundai Mobis, is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. The base will include Hyundai’s first EV power systems production plant in the region, a “key bridgehead for conquering the European electrification market.”

To be the best, you must beat the best. Hyundai Motor is developing ultra-high-capacity LFP batteries to power upcoming low-cost Hyundai and Kia electric vehicles. Aiming for an energy density of around 300 Wh/kg, Hyundai’s LFP batteries would top China’s CATL and BYD.

Kia held an opening ceremony for its first EV-only plant, “EVO,” as it looks to establish itself as a leading electric vehicle maker. Kia’s new low-cost EV3 and EV4 models are the first electric cars scheduled for mass production. The new facility will kick off a new era for Kia, with the capacity to build 150,000 EVs annually.

Hyundai Motor Group, including Kia and Genesis, is looking to take advantage of Europe’s “battleground” with plans to expand in the world’s second-largest EV market. With its Czech Republic plant and new low-cost EVs at the heart of its expansion, Hyundai aims to play a more prominent role in Europe.

General Motors (GM) and Hyundai Motor Group announced the signing of a Memorandum of Understanding to explore potential partnerships across a myriad of automotive tech segments, including joint EV and powertrain development, manufacturing, and supply chain sourcing.

Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit market share, Hyundai continued closing the gap with Tesla as the second-largest EV brand in the US through July.

The luxury brand taking the US by storm has a new secret weapon. Genesis is developing a new EV platform to challenge luxury rivals like Tesla and BMW. Unlike the GV60, the new Genesis EV platform is expected to be brand exclusive, separate from Hyundai models.

Hyundai opened the first EV battery cell plant in Indonesia with LG Energy Solution as it builds out its global supply chain. The plant will supply cells for over 150,000 competitively-priced Hyundai and Kia EVs, starting with the new Kona Electric.

One week after teasing a European version of its Casper A-segment sub-compact EV called the INSTER, Hyundai Motor Group has officially unveiled the new mini-car, which holds a lot of potential with consumers. In addition to its sleek yet compact size, Hyundai promises the INSTER EV will hit Europe (and several other markets) at a starting price below 25,000 euros.

After a record 2023, Hyundai and Kia are not slowing down this year. With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US.

A new low-cost Hyundai EV will be revealed later this month. Hyundai is teasing the first images of its new INSTER EV ahead of its official debut at the Busan International Mobility Show. The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US?

Hyundai Motor Group, including Kia, is gaining ground on Tesla in the US electric vehicle market. After a record start to 2024, Hyundai and Kia accounted for 11.2% of the EVs sold in the US through May.

Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. The appointment is expected to help accelerate Hyundai Motor’s (including Kia’s) transition to electric with “top-tier” EV leadership.

A recent report out of South Korea states that Hyundai Motor Group is beginning development of a new hydrogen fuel cell EV supercar based on its N Vision 74 concept from a couple of years ago. The Korean automaker is working on a development mule ahead of planned production in 2026.