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August 10, 2021

Hyundai resumes Asan output after EV retooling

Hyundai has retooled a Korean plant for a new electric model.

By Graeme Roberts

Hyundai Motor has resumed production at its Asan plant after stopping operations for four weeks to prepare for a new electric vehicle, according to local reports.

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Hyundai halted production at the 300,000 units/year facility, which makes the Sonata sedan and the Santa Fe SUV, on 13 July to retool for the Ioniq 6 midsize passenger EV which will be built later this year.

It will be the automaker’s second model, based on a purpose-built electric-global modular platform (E-GMP), to go into production, following the Ioniq 5 earlier this year.

Hyundai plans to launch the Ioniq 6 worldwide next year, to be followed by the Ioniq 7 large SUV in 2024.

Hyundai sold 166,425 hybrid and electric vehicles in the first half of 2021, equivalent to 8.2% of the 2,028,978 delivered in that period.

Free Report
img

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:  
  • 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
Enter your details here to receive your free Report.

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