Hyundai to launch a battery-powered EV in 2016

Article by Christian A., on March 12, 2014

Hyundai Motor Co. will roll out a battery-powered electric vehicle in 2016. The carmaker’s affiliate, Kia, recently disclosed that it will commence producing a battery-powered version of its Soul compact in South Korea in April. The Soul EV will be Hyundai-Kia's first battery-powered EV export, and will be shipped to markets like the United States and Europe.

According to Cho Yong-won, vice president of Kia's Domestic Marketing Group, they are targeting to sell 5,000 Soul EVs globally. The Soul EV has starting price of KRW42 million ($39,400), but that would be slashed in half once government incentives come in. The EV has a range of 92 miles per 24- to 33-minute fast charge or 4 hours on slow charge.

Hyundai has been focusing on fuel cell vehicles, which boasts of longer driving range and shorter refill times. Hyundai, however, is expanding its product offering with investments in battery-powered cars. "There is no clear direction about which eco-friendly cars will win. We are dividing the roles of Hyundai and Kia, with Hyundai launching fuel cell cars and Kia focusing on electric cars," remarked Senior Vice President Lee Ki-sang, who heads the eco-friendly car divisions of both South Korean carmakers.

He said that in the future Kia will launch a fuel-cell car while Hyundai is getting ready to introduce a battery-powered electric car in 2016. More zero-emission vehicles are expected to ply the roads as governments craft environment-friendly initiatives.

For instance, the state California of is requiring carmakers to build a certain percentage of zero-emission vehicles as part of their overall fleet or to buy credits from automakers that have produced more. Kia has favored battery-powered cars since they be charged at home or at charging stations. Fuel cell cars, on the other hand, could only be refilled only at hydrogen filling stations. [source: Reuters]

If you liked the article, share on:

Comments

Recommended

2018 Ford Expedition is on its way to the market, and will be arriving at dealerships this fall. The all-new SUV will come with a new design, new EcoBoost engine,...
by - June 23, 2017
The 2018 Porsche 911 GT2 RS that made its debut not so long ago at the E3 video game expo in Los Angeles has already been sold out according to...
by - June 23, 2017
Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries