Of all the traditional car companies planning to make electric cars to compete with Tesla, Hyundai and Kia are arguably the best in the business at the moment.
The amazing thing is that the fully electric cars from Hyundai and Kia are built on a chassis that also supports hybrid and plug-in hybrid powertrains.
Hyundai announced this week that it has developed a new platform that will be dedicated solely to electric power. The first model built on the new chassis is expected to go into production in 2020.
The new architecture is expected to lower manufacturing costs and improve the efficiency of the production process.
Hyundai says it plans to introduce 44 electrified models between now and 2025 and will invest around $40 billion over the next 5 years in modernizing and upgrading its production facilities, developing electric automobiles, and preparing its products for self-driving technology.
Hyundai and Kia have been able to build compelling electric vehicles using a chassis architecture that is not optimized for battery electric vehicles. Based on its track record to date, there is every reason to believe the vehicles based on the dedicated EV chassis will be fully competitive with the offerings from every other manufacturer, including Tesla.
Hyundai will make concerted efforts to spearhead the fourth industrial revolution, being a game changer in the automotive industry. It is targeting worldwide production of 1.67 million vehicles annually.
Reference- Clean Technica, Fox News Digital, Hyundai PR