Hyundai plans to launch the three-row Ioniq 9 EV by the end of this year. The automaker recently confirmed that the new SUV would be built in the United States, opening it to federal tax credit eligibility. The company made the announcement at its investor day event, during which it also noted that it’s readying extended-range electric vehicles (EREVs) for the U.S. market.
Hyundai talked about its new business roadmap under a plan it calls “Hyundai Way.” It wants to move 5.55 million vehicles globally by 2030, which is around a 30-percent climb from last year’s final sales numbers. Electric vehicles are slated to comprise 36 percent of that total, with Hyundai aiming for two million EV sales by the decade’s end.
The upcoming Ioniq 9 will be built at Hyundai’s Metaplant America in Georgia, where it’s scheduled to begin production by the end of this year. Hyundai also plans to move Ioniq 5 production to the facility and said that the plant would handle the production of new hybrid models.
While it didn’t give many details on new EREV models, Hyundai said that its vehicles would “combine the advantages of internal combustion engines (ICE) and EVs. Hyundai Motor has developed a unique new powertrain and power electronics (PT/PE) system to enable four-wheel drive with the application of two motors. The operation is powered solely by electricity, similar to EVs, with the engine being used only for battery charging.” The automaker will begin mass production of the first EREV model in North America and China by the end of 2026, with sales planned for the 2027 model year.
[Images: Hyundai]
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