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(Seoul = Yonhap News) Hana Jang Reporter Hee-won Kwon = Hyundai Motor will not sell new internal combustion engine cars in major global markets such as the United States, Europe and China from 2040. Along with this, it is expected to launch a hydrogen fuel cell system brand ‘HTWO (H2)’ to start its global business in earnest, and in 2024, it will show a function that allows the vehicle to park automatically without driver manipulation.
On the 10th, Hyundai Motor Company celebrated ‘CEO Investor Day’ online and announced its fundamental future business strategies. Hyundai Motor Company plans to expand its line exclusively for electric vehicles starting with the launch of the Ioniq 5 next year.
Albert Beerman, head of the R&D division, said: “We plan to sell 560,000 electric vehicles per year by introducing more than 12 models by 2025, including E-GMP-based electric vehicles and derived electric vehicles, which are platforms dedicated to electric vehicles “.
In particular, by 2040, the entire product line will be electrified in major global markets such as the United States, Europe and China. This means that the US, Europe and China will not launch internal combustion locomotives after 2040. The Korean market is excluded. To this end, starting in 2030, the company plans to gradually change its line of electric vehicles in key markets such as Europe, China and the United States. Emerging countries such as India, Russia and Brazil plan to gradually expand the supply of electric vehicles.
Hyundai Motors’ share of electric vehicles is set to gradually increase from 5.6% this year to 19% in 2030 and from 46% in 2035 to 78% in 2040. Through this, Hyundai Motor Company has set itself the goal of achieve 8-10% of the global EV market share by 2040. At the end of the third quarter of this year, Hyundai Motors sold 61,000 units in the global EV market, a 33% increase over to the same period last year. Market share was 5.6%, an increase of 1.1 percentage points over the previous year. The Genesis brand is also expanding to China and Europe in the future following the domestic and US markets by launching exclusive electric car models next year.
In addition, Hyundai Motor Company plans to continue developing batteries with performance and price optimized by market, vehicle class and application. It is also leading the construction of charging infrastructure to expand the penetration rate of electric vehicles.
In the business of autonomous driving, a level 3 of partial autonomous driving technology will be applied to series-produced cars to be launched in 2022, allowing driving without the driver holding the wheel. A remote valet function is also being developed in which the vehicle is automatically parked and returned without driver manipulation with the goal of mass production by 2024.
It is also stimulating the fusion of sensors that integrate the information gathered from the front cameras and radars and improve the performance of the integrated controller. To respond to Level 3, the second stage of sensor fusion with advanced recognition functions will be developed next year and applied to the newly launched G90 in 2022. Hyundai Motor Company is seeking strategic cooperation with global companies to lead in driving technology. Fully autonomous Tier 4 and 5, such as the establishment of an ‘Emotional’ joint venture with Aptiv in the United States in March this year.
Hyundai Motor Company also unveiled its brand of hydrogen fuel cell system ‘HTWO’. With the launch of this brand, the company plans to seriously expand its business, focusing on four main bases in Korea, Europe, the United States and China. Through this, the goal is to sell 700,000 hydrogen fuel cells to the market by 2030.
Furthermore, to lead the urban aviation mobility (UAM) market, it plans to build a comprehensive product line that covers the passenger and cargo transportation markets. Hyundai Motor Company is committed to developing a UAM vehicle that can operate runwayless with vertical take-off and landing function.
Furthermore, it is expected that it can ensure competitiveness through synergy effects such as the development of a hydrogen fuel cell propulsion system for aviation by actively utilizing hydrogen fuel cell technology.
In 2026, Hyundai Motor Company first introduced a cargo unmanned aerial vehicle (UAS) equipped with a hybrid powertrain to the market, and in 2028 it plans to launch an all-electric UAM model optimized for urban operation. In the 2030s, regional aviation mobility products connecting adjacent cities to each other will also be launched. In this process, it is expected to provide business opportunities for various value chains (value chains) such as spare parts, MRO (repair), infrastructure and finance.
Chairman Lee Won-hee said: “Even in the challenging business environment of the corona pandemic, we have overcome difficulties through efforts to improve fundamentals and actively manage risks, minimize declining profitability, and expand our participation in equity markets. main markets “. It was a year that actively responded to future market changes such as Dalseong and the launch of the world’s first commercial hydrogen vehicle. “
