Hyundai Motor Group announced its luxury vehicle brand Genesis would only launch hydrogen fuel-cell and battery-powered electric vehicles (EVs) from 2025, in line with competing global luxury brands which have stepped up their electrification drive.
According to local reports, eight hydrogen- and battery-powered EV models would be launched by 2030 under the Genesis brand by which time it expects its global sales to reach 400,000 vehicles per year.
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The brand sold 132,000 vehicles last year, split between the GV80 and GV70 SUVs and the G70, G80 and G90 passenger cars. Its best-selling model was the G80 with 58,700 sales, followed by the GV80 with 43,000.
Genesis launched its first EV, the battery-powered G80, in July and unveiled its EV SUV, GV60, in August.
The GV60 will only be available with Hyundai Motor Group’s Electric Global Modular Platform (E-GMP), a dedicated EV platform which is being across the group from this year.
The first models to use the E-GMP were the Hyundai Ioniq 5 and Kia EV6.
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By GlobalData
