Hyundai Motor is actively developing a mass‑market electric vehicle with an expected starting price around 20,000 euros, according to Andreas‑Christoph Hofmann, the marketing director for Hyundai’s European division, in an interview with Automotive News (Source: Automotive News).
While the discussion did not delve into every technical detail, Hofmann stressed that the company is currently prioritizing premium electric models that deliver high value. He also acknowledged ongoing challenges related to housing traction batteries in smaller car bodies, including the budget model Hyundai has announced.
Hyundai’s electrified lineup already includes the Ioniq 5, the brand’s first mass‑produced electric SUV, which has been in production since 2021. The Ioniq 6, a mid‑sized electric sedan, is slated to reach customers in the fall of 2022, and the Ioniq 7, a large seven‑seat crossover, is planned for 2024 (Source: Automotive News).
Looking ahead, Hyundai aims to expand its electric family to eleven models by the end of the decade, broadening options across segments and price ranges to meet growing demand in the global market (Source: Automotive News).
- “Driving” can be read in viber.