The Hyundai Motor Group, which encompasses the Hyundai, Kia and Genesis brands, plans to launch 31 EVs by 2030. This includes the launch of the Ioniq 7 SUV next year.
and was upbeat about prospects for continued growth this year — a contrast to recent steps by rivals to cut back on EV output.
"We do not plan to dramatically reduce EV production or our line-up due to likely near-term hurdles as we believe EV sales will grow longer term," Seo Gang Hyun, an executive vice president at the South Korean automaker, told an earnings briefing for analysts.brands, said in April it plans to launch 31 EVs by 2030. This includes the launch of the Ioniq 7 SUV next year.
Hyundai Motor, which is not a member of the UAW, operates an assembly plant in Alabama and is building a factory to produce EVs in Georgia.
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