Hyundai is planning to launch an electric sedan under its high-end Genesis brand in 2021 with a range of 500 km (310 miles) per charge. It will also introduce an electric version of its Kona small crossover with a range of 390 km (242 miles) in the first half of next year.
“We’re strengthening our eco-friendly car strategy, centering on electric vehicles,” Executive Vice President Lee Kwang-guk told a news conference, calling the technology mainstream and realistic.
The automaker and affiliate Kia Motors Corp., which together rank fifth in global vehicle sales, also said they were adding three plug-in vehicles to their plans for eco-friendly cars, bringing the total to 31 models by 2020.
Underscoring Hyundai’s electric shift, those plans include eight battery-powered and two fuel-cell vehicles a contrast to its 2014 announcement for 22 models, of which only two were slated to be battery-powered.
Hyundai also confirmed a Reuters report that it is developing its first dedicated electric vehicle platform, which will allow the company to produce multiple models with longer driving ranges.
Last year, it launched its first mass-market pure electric car IONIQ, but the vehicle’s per-charge driving range is much shorter than offerings from Tesla and General Motors.