korean car manufacturer Hyundai has announced that every new model from its luxury brand Genesis will be all-electric by 2025.
Hyundai said, ahead of many other larger auto companies, that there will be eight EV models for sale by 2030, with about 400,000 sold annually.
The Korean automaker is pursuing a “dual-fuel” strategy, developing both battery-electric vehicles powered by lithium-ion cells and vehicles powered by hydrogen fuel cell technology.
Genesis’ first EV will be the GV60 which will go on sale in some markets later this year. While the brand doesn’t offer specs yet, the Korea Emissions and Noise Certification gives an idea of what to expect. The base model has 226 horsepower (169 kilowatts). There is a mid-range four-wheel drive model with 325 hp (242 kW). The range-topper delivers 436 hp (325 kW).
Genesis Chief Creative Officer Luc Donckerwolke said the company’s goal is to produce a car with a breathtaking design that perfectly suits its customers.
“We strive to communicate with all their senses. Our new architecture will integrate bold technologies with breathtaking designs while providing genuine detail-oriented experiences. Warm and exquisite care will be our distinguishing factor.”
Hyundai Motor Group announced its plan to invest $7.4 billion in the US. by 2025 to upgrade Future EV’s manufacturing facilities and advance its investment in smart mobility solutions there months ago in a press release and that the investment will improve the product’s overall competitiveness by prioritizing future mobility technologies, including electrification and hydrogen energy.
