Hyundai Motor Group has verified it will jointly acquire a new, all-electric car system with the Los Angeles-based mostly technologies company, Canoo. The new system will underpin a contemporary variety of compact Hyundai and Kia EVs, offering the Korean huge new versions to problem the likes of the Skoda Citigo iV and Renault ZOE.
The new electric architecture will be based mostly on Canoo’s current scalable “skateboard” system, which now properties the important EV-specific elements such as an electric motor and battery pack. Hyundai hopes this determination will permit for a simplified progress procedure, much easier assembly and – most importantly – a decreased vehicle rate for the customer.
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As well as underpinning a handful of compact passenger vehicles, Hyundai’s most current electric system will also attribute below a variety of new “Purpose Constructed Vehicles”. This class features vehicles such as compact past-mile shipping and delivery vans and autonomous city mobility pods. Hyundai unveiled its 1st PBV – an autonomous city vehicle, styled to appear like a San Francisco cable car – at this year’s Consumer Electronics Show.
This most current collaboration has viewed the Hyundai Motor Group double its investment into products progress. Above the up coming 5 yrs, the company options to expend $87 billion (close to £67 billion) on foreseeable future powertrains, platforms and vehicles. $twenty five billion (approximately £19 billion) will be allocated to Kia, which aims for ‘eco-friendly’ vehicles to comprise twenty five percent of its gross sales by 2025.
Hyundai and Kia have now verified they will have 38 eco-friendly vehicles in their line-ups by the mid-2020s, such as fourteen EVs. Premium brand Genesis is predicted to start its 1st electric car up coming calendar year, while the team will carry on the progress of its hydrogen gas mobile vehicles to complement its current Hyundai Nexo SUV.
Hyundai and Canoo’s co-produced EV underpinnings will also be joined by a separate Hyundai Group devoted electric car system, that will give the Korean company a host of contemporary rivals for Volkswagen’s variety of MEB-based mostly vehicles.
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