Hyundai plans China EV offensive

Hyundai Motor Group has said it planned to launch electric vehicles in China each year starting from 2022 to enhance its presence in the world’s biggest car market.

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What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market. This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide. Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:

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According to Reuters, the automaker said it planned to unveil 21 Hyundai and Kia brand EVs by 2030, including hybrid and fuel-cell vehicles.

The group said it plans to cut the number of petrol vehicle models sold in China to 14 by 2025, down from 25 currently.

Free Report

What does the future hold for the US electric vehicles market?

Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics

Consult this report now to find out how you and your company can benefit from our Explorer platform.

By GlobalData