Hyundai Motor Company’s Ioniq subsidiary, with its corporate offices in Seoul, South Korea, is an automobile marque. The brand was created in 2020 as a sub-brand for Hyundai’s selection of electric vehicles. By 2025, the sub-brand is expected to help Hyundai sell one million electric vehicles annually, with the Ioniq brand expected to account for 560,000 of those sales.
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Plans for a new electric car manufacturing in the US have been confirmed by Hyundai.
Hyundai confirms plans for a new electric car manufacturing in the US, albeit it isn’t yet known where, amid reports of one opening in Georgia.
The Genesis GV70 EV is the first electric vehicle that the Korean automaker is producing in the US at its factory in Alabama.
However, Hyundai also disclosed $7.4 billion in electrification-focused investments in the US, and a new EV manufacturing for the company was anticipated to be located there.
There have recently been allegations that Hyundai has been in contact with state governments to propose incentive programs for the construction of a new EV facility. One of the states discussed was Georgia, home to existing Hyundai and Kia factories.
Despite the claims, a Hyundai representative stated that the firm is preparing to open a new EV manufacturing in the US but has not yet released any information:
Although we have no information to give at this time, we are eager to shortly announce a new EV plant proposal for the United States.
According to the article, Hyundai and Georgian officials have held preliminary conversations over “a dedicated EV facility.”
Hyundai’s Ioniq 5 represents a significant advancement in electrification, yet it is exclusively made in Korea and Indonesia.
The car has a sizable market in the US, so it makes sense for the automaker to manufacture it here. In some parts of North America, the Ioniq 5 has already been completely sold out for up to a year. Hyundai is also releasing a number of additional Ioniq electric vehicles, and those could possibly make use of some US manufacturing capacity.
Naturally, Hyundai also collaborates with Kia, which will debut its own line of electric vehicles beginning with the Kia EV6 on the same platform.
In the US, both are no longer available for purchase.
Hyundai will soon discontinue its Ioniq model, which debuted in 2016 with three different engine options (hybrid, plug-in hybrid, and all-electric).
The Hyundai Ioniq’s serial production will stop at the Ulsan facility in Korea in July 2022, according to the South Korean manufacturer.
Both the plug-in hybrid Hyundai Ioniq Plug-In and the all-electric Hyundai Ioniq Electric are no longer up for order in the US.
The Ioniq’s cancellation has been long anticipated. Hyundai attributes it to shifting consumer demands.
The crossover/SUV market as well as E-GMP-based all-electric vehicles like the Hyundai Ioniq 5 and the Genesis GV60 are currently the key areas of interest for Hyundai Motor Group.
The Hyundai Ioniq model served a purpose and set the stage for Hyundai’s new Ioniq line (with Ioniq 5, Ioniq 6 and Ioniq 7 in the pipeline).
Due to its effectiveness, the all-electric version of the vehicle was particularly well-liked (one of the highest ever). There have been two different models of the vehicle over the years, the first with a 28 kWh battery for a maximum EPA range of 124 miles (200 km), and the second with a 38.3 kWh battery for a maximum EPA range of up to 170 miles (274 km).
Hyundai’s new factory in Georgia will produce the Ioniq 5, 6, 7, and batteries.
According to reports, the opening of Hyundai’s new electric vehicle manufacturing facility in Georgia will coincide with Joe Biden’s visit to South Korea. Contrary to popular belief, only the Republican governor and Hyundai’s top executives attended the ceremony to announce the $5.54 billion investment that will enable Bryan County to produce the Ioniq 5, 6, and 7 as well as batteries.
It’s only a coincidence that the county and Brian P. Kemp virtually share the same name. On the other hand, the Ioniq 6 and Ioniq 7 are plainly visible in the profiles displayed in the ceremony’s teaser photograph. Although it appears to be a longer car, the Ioniq 5 also appears to be present. It can belong to a later generation.
Given that the factory won’t start producing until 2025, we’d wager on that. The Ioniq 5 will have been in development for four years at that point, coming very near to the maximum allowed for most cars of six years. Up until the new version, which is expected to debut in 2027, the present one may still be imported from South Korea.
It seems expected that Hyundai will concentrate on the Ioniq 7, a significantly larger SUV, for the American market. The Ioniq 6, which will compete with the Tesla Model 3 and other similarly sized sedans, would be the local cheap choice. We might also see different vehicles among the 300,000 units the facility will be able to produce when it is operating at full capacity, given how far away the start of production is.
The new facility is Georgia’s second announcement in recent months. Rivian also said that on December 16, 2021, a vehicle plant would be built in the state. Residents in the location the EV business chose have so far been vehemently opposed, claiming the facility will damage the area’s groundwater reserves and have other negative effects on the ecosystem.
Hyundai might experience the same issues, although that is less likely. After all, the company already operates a factory there—the Kia facility in West Point, Georgia. Construction should start in early 2023 if everything goes according to plan. It’s interesting to note that the Hyundai plants are anticipated to employ 8,100 workers once they reach their maximum capacity.
Rivian said that 7,500 workers could produce 400,000 electric vehicles. With 600 additional workers, the Korean firm will produce 100,000 fewer automobiles. The battery factories that both of these corporations will have in Georgia could be a factor. When the time comes, they will have to elaborate for us.
In 2025, Singapore will produce the little Hyundai “Ioniq 3” [Update]
The “eM Platform” section of the story has been added, and the article’s render has been updated.
The Singaporean facility of Hyundai Motor Group has rekindled interest in the worldwide EV market. The Straits Times reiterated in October 2020 that the yet-to-be-announced Hyundai Ioniq 3 is in the works, building on its report from before the plant announcement. This vehicle, which is smaller than the Hyundai Ioniq 5, will leave the firm’s new plant in Jurong, Singapore.
By the end of this year, the Hyundai Motor Group Innovation Center in Singapore (HMGICS) will have finished construction. The Singaporean publication said that the Ioniq 5 would be assembled first. The Hyundai Ioniq 3, which is comparable in size to the VW T-Cross or Ford EcoSport, would be manufactured here two to three years later.
Both the Hyundai Ioniq 5 and the Hyundai Ioniq 3 will probably be exported from Singapore, perhaps to ASEAN nations and other nearby Asian markets. At the Singaporean plant, HMG might produce up to 30,000 Hyundai electric vehicles annually, but domestic demand is obviously insufficient to handle the whole output. In the domestic market, Hyundai EVs are expected to sell 5,000–6,000 units annually.
A cutting-edge R&D center and a manufacturing plant for smart vehicles will be located at the HMG Singapore location. The latter is thought to be a sophisticated assembly facility that would assemble SKD/CKD kits obtained from an overseas location rather than engage in large-scale manufacturing. However, the Battery as a Service (BaaS) ownership model for the subsequent generation of Hyundai EVs may be advantageous to buyers.
The cost of the battery is not accounted for in the vehicle’s sales price or financing installments under BaaS. Therefore, switching to a Hyundai Ioniq 5 or a Hyundai Ioniq 3 would not be expensive at first. EVs are often expensive to buy outright because their battery makes up 50% of their cost. Customers that choose BaaS would readily be able to sign up for a battery subscription plan, which would drastically reduce their acquisition cost.
Goodbye to a real trailblazer: Hyundai has announced the first IONIQ series’ termination of production.
An era is coming to an end. The Ulsan facility in South Korea, where the original Hyundai IONIQ was manufactured, will stop operations in July 2022. The last IONIQ to leave the factory will close a key chapter in recent history for Hyundai. The model debuted in 2016, making it the first vehicle in the world with three electrified powertrain options: battery-electric, plug-in hybrid, and hybrid.
Hyundai made the long-planned decision to stop selling IONIQ in all markets in order to adapt to shifting consumer needs in the automobile industry. But IONIQ will always be remembered as a true innovator who upended the status quo and paved the way for the IONIQ EV line-current up’s success.
For Hyundai’s advancements in electrified vehicles, IONIQ has set the standard. Between late 2016 and December 2021, the model sold 135,692 units in the European market, totally exceeding the company’s business objectives. Depending on dealer stock, sales of the first generation of IONIQ devices will last until at least May 2022.
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Hyundai produces and sells the little five-door liftback known as the Ioniq. Ion and unique are combined to form the name Ioniq. The first car with hybrid, plug-in hybrid, and all-electric options is this one.
All three Ioniq Hybrid models made their debuts at the 2016 Geneva and New York car shows before to its January 2016 launch in South Korea. In its domestic market, the hybrid variation debuted in February 2016, and the electric vehicle followed in July 2016. In February 2017, the plug-in hybrid version was released.
The Ioniq Electric had been the EPA’s most efficient vehicle from its debut model year (2017) until the 2019 model year, with a rated fuel efficiency of 136 miles per gallon gasoline equivalent (mpg-e) (1.7 L/100 km). The most fuel-efficient hybrid car that is mass-produced is the Ioniq Blue hybrid variant, which has a rating of 58 miles per gallon.
In January 2018, the Ioniq had sold more than 106,300 units globally, including more than 73,800 conventional hybrids, nearly 25,000 electric vehicles, and more than 5,500 plug-in hybrid models (which had been on sale for three months).
Ioniq manufacture will end at Hyundai in July.
The Ioniq will shortly be discontinued by Hyundai. The Ulsan facility will stop producing the vehicle, which comes in BEV, PHEV, and HEV variations, in July, according to the South Korean automaker.
The statement claims that since the model’s 2016 launch, the electric car has completely exceeded the company’s business expectations: 135,692 Ioniqs had been sold in Europe by the end of 2021, however Hyundai does not divide sales by the three drive types.
In 2020, Hyundai has established Ioniq as a separate subsidiary brand for battery-electric vehicles based on the new Electric Global Modular Platform (E-GMP) with 800-volt technology. At least the model name will continue to be used. However, there won’t be a straight replacement. In order to adapt to shifting consumer needs in the automobile industry, Hyundai indicated that the global discontinuance of Ioniq was a choice that had been long anticipated.
The original Ioniq was unique not only for its electrified powertrains but also for its effectiveness. This was made possible, among other things, by the good aerodynamics (cW value 0.24) However, Hyundai has put aerodynamics in the background in favor of the angular appearance with the first production model based on the E-GMP, the CUV Ioniq 5. Many analysts anticipate that the Ioniq 6 E-GMP will once more feature a more aerodynamic body. However, as the E-GMP is not a fully electric vehicle model, HEV and PHEV will not be created using it.
Is the Hyundai Ioniq 5 made in America?
Hyundai claimed in a statement today that the models were “discontinued due to a significantly electrified lineup,” pointing to the large selection of hybrid, plug-in hybrid, and electric vehicles on the market. Most recently, the Hyundai IONIQ 5 offers a long range and, for those who qualify, a full federal tax credit.