How is Hyundai planning its medium to long-term future in the automotive sector? There were some interesting insights into this at the so-called "CEO Investor Day 2024". The company is not focussing exclusively on pure electromobility. Instead, they are also focussing on a kind of intermediate solution with a combustion engine and electric motor in a drive system called EREV (Extended Range Electric Vehicle).
This should promise a range of 900 kilometres (560 miles). Hyundai Motor is said to be reacting flexibly to market conditions and is focussing on electrification through its "Hyundai Way" strategy. The aim is to achieve 5.
55 million annual sales worldwide by 2030, 30 per cent more than in 2023, and to sell 2 million electric cars per year worldwide by 2030. Gallery: Hyundai CEO And Investor Day Presentation, 2024 What is interesting, however, is a statement that Toyota has also made in a similar form: "Hyundai Motor is actively responding to the wishes of its customers and has recognised that while EVs are the future of transport, not all customers are ready to make the switch. Therefore, Hyundai Motor continues to offer a range of powertrains, including internal combustion engines, hybrids, plug-in hybrids, EVs and hydrogen fuel cell vehicles.
" In North America and China, new EREV models, a new type of electric vehicle with a range of more than 560 miles on a single charge, are planned to be launched. The aim is to offer a full range of 21 electric car models by 2030, r.