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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe 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.
