Climate Changed

Hyundai Bolsters Electric Car Lineup to Narrow Gap With Rivals

Korean maker, affiliate Kia to introduce 38 models by 2025
Carmakers seeking new power trains as polluting fuels shunned

Bloomberg Intelligence’s Steve Man, Bloomberg New Energy Finance’s Justin Wu on the outlook for automakers, energy.(Source: Bloomberg)

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By Sohee Kim

December 12, 2017 at 11:00 PM UTC

This article is for subscribers only.

Hyundai Motor Group, which is lagging behind rivals in the introduction of newer electric-vehicle models, is stepping up plans for battery-powered cars as governments around the world crack down on polluting fossil fuels.

Hyundai Motor Co. and affiliate Kia Motors Corp. plan to bring to market as many as 38 green cars in the next eight years, including seven new models in the five years through 2025, Senior Vice President Lee Ki-sang told reporters Friday. Many of them will be EVs. While Hyundai’s Ioniq and Kia’s Soul are the only EVs from their stable at present, the hydrogen-based fuel-cell ix35 and some plug-in hybrids are also on offer.