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Hyundai Motor seeking to growing segment with long-range models

South Korea’s Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of in the growing segment with multiple, long-range models.
In China, Motor was considering sourcing batteries from Contemporary Amperex Technology (CATL) or a couple of other Chinese firms, because of subsidy restrictions on South Korean batteries, he said.
Kia Motors was also working on its first fuel cell vehicle, following Motor’s lead in the segment, Lee said.
Motor said in a statement on Thursday that it plans to launch a new luxury electric vehicle under its Genesis marque in 2021, after introducing a plug-in hybrid version of an unidentified Genesis model in 2019.
Limited charging infrastructure and problems with battery technology, such as lengthy charge times on long-range vehicles, were also holding back demand, he said.

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Research and Markets Has Announced the Launch of their Hyundai Motor Company Market Research Portal

Hyundai Motor

The initial cost of purchasing a natural gas vehicle is more than that of a gasoline vehicle; however, this cost is expected to reduce in the forecast period due to the increasing number of natural gas vehicle manufacturers.
For more information visit http://www.researchandmarkets.com/companies/hyundai-motor-company?cid=vxdj6wAbout Research and MarketsResearch and Markets is the world’s leading market research store.
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DUBLIN–(BUSINESS WIRE)–The new research portal will provide visitors with the opportunity to browse a comprehensive collection of company reports on Hyundai, as well as in-depth market research and analysis of their activities in the automotive and automotive parts industries.
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