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Hyundai To Launch New EV Brand In China; Plans 5 EVs In 3 Years

The South Korean auto giant is prepping a new electric car brand to grab a significant chunk of the burgeoning Chinese EV market. Hyundai is planning a new EV brand in collaboration with Beijing Motor Corp (BAIC) just for China. The Korean auto maker has been reeling under the aftermath of dwindling sales in the largest EV market in the world, China. For reference, back in 2017, Hyundai sold 1.6 million cars in China which was around 7% market share. This number now stands at just 250,000 units, or less than 1%. In fact, Hyundai even sold its Chongqing factory for $225 million after sustaining losses worth $598 million in 2022, as per The Korea Economic Daily. Almost on the brink of exiting the Chinese market, Hyundai has decided to deploy a different strategy. It will launch 5 new China-specific EVs within the next 3 years under the joint venture with BAIC. These will bear different components and design philosophy than the acclaimed IONIQ series from Hyundai. You might also like: MWM Spartan EV 2.0 Offers G-Wagon-Like Capabilities Based On Indian Force Gurkha New Hyundai EV Brand For China Interestingly, the partnership between Hyundai and BAIC dates back to 2002. At the time, the two companies established a JV to set up a car plant in China. Those cars were supposed to be produced under BAIC’s Arcfox brand. However, those plans fell through. Now, the two companies will adopt a new strategy to resurrect Hyundai in China with the project which is codenamed OE RE. As per the same report, Hyundai Motor Group’s Executive Chairman, Chung Euisun, wishes to grab a significant chunk of the largest EV market on the planet. He commissioned this project after riding the Zeekr EV. Zeekr is a luxury EV car marque under the Geely Holding Group. He asked Hyundai employees to learn from the success of Chinese players. Now, we know that cost plays the deciding role in the success of cars in China. As a result, Hyundai plans to equip its new EVs in China with LFP batteries. That will ensure a competitive price range to rival the Chinese EVs. You might also like: How Is Formula E Helping Legacy Carmakers Build Better EV Technologies? Learn Electric Cars Says Hyundai is a prominent global automotive player. Its EVs like IONIQ 5 and IONIQ 6 are instant hits across many international markets. Hyundai Motor Group is the parent company to Kia and Genesis. Even their EVs have achieved immense success in many parts of the world. That is what makes it so surprising that the South Korean carmaker is unable to crack the code for the Chinese market. Hopefully, with this new strategy of launching relatively affordable EVs in partnership with BAIC, it will be able to revive its depleting sales. We shall keep an eye out for further developments in this case.

Top 5 Upcoming Electric SUVs in 2024 – Part 2

27 Comments / Featured / By LEC Team

2024 will witness a significant shift in the automotive industry towards electric vehicles and SUVs. Let’s explore the top 5 upcoming electric SUVs set to arrive this year. In 2024, the EV landscape is poised for remarkable growth and innovation as we take a look at the top 5 upcoming electric SUVs. Notable strides in battery technology have addressed longstanding concerns, extending the range of EVs. The market is now saturated with a diverse range of models, offering consumers a plethora of choices, from sleek sedans to robust SUVs. Governments worldwide are increasingly committed to sustainability, providing incentives that promote the widespread adoption of EVs. The expansion of charging infrastructure has mitigated range anxiety, rendering electric vehicles a viable option for a broader audience. As environmental awareness continues to rise, the future of electric vehicles holds great promise, set to reshape our commuting habits and contribute to a greener future. Let’s take a closer look at the exciting electric SUVs expected to emerge in the upcoming year. You might also like: Top 5 Unique Upcoming Electric SUVs in 2024 – Part 1 Top 5 Upcoming Electric SUVs in 2024 Cadillac Escalade IQ – Late 2024 The first EV on this list is the Cadillac Escalade IQ. The American auto marque has been hush about the specifications of the luxury electric SUV. But we understand that the all-wheel-drive variant will generate 750 hp and 785 lb-ft (1,064 Nm) of peak power and torque. This powertrain will propel the ginormous EV from 0 to 60 mph (97 km/h) in under 5 seconds. In terms of technology and creature comforts, the cabin will be ultra-modern and packed to the gills. Hyundai IONIQ 7 – H2 2024 The Hyundai IONIQ 7 will be a luxury 7-seat electric SUV from the Korean auto giant. It will be based on the brand’s well-known Electric-Global Modular Platform (E-GMP). While the Korean automotive giant has remained discreet about the precise specifications of the electric SUV, we can venture to make some logical assumptions. Hyundai has set its sights on achieving a range of over 300 miles (483 km) for this platform. To attain such an extensive range with a large SUV, it is reasonable to anticipate a battery size of at least 100 kWh. Drawing parallels with the 4WD version of the Ioniq 5, which delivers 320 hp and 605 Nm of power and torque, we might expect a similar performance from the Ioniq 7. Confirmed details include the Ioniq 7’s charging capabilities, which are expected to mirror those of the Ioniq 5. This implies support for 350 kW DC fast charging, allowing for a 10-80% charging time of approximately 20 minutes. Additionally, in a bid to broaden the accessibility of the electric SUV, it could be offered in both RWD and AWD variants. You might also like: Top 5 Unique Upcoming Electric Pickup Trucks in 2024 Kia EV9 Essentially the Kia iteration of the Hyundai IONIQ 7, the EV9 will utilize the same Electric-Global Modular Platform (E-GMP) and bear a 7-seat configuration. Since Hyundai supplies powertrain to most Kia models across the globe, we can expect identical specifications. What would, however, be different are the exterior styling, interior layout and tech features. As per the information, the EV9 will offer a large panoramic sunroof, a large infotainment display that could be connected to the instrument cluster to form a single seamless unit of glass (the concept features a 27-inch screen), V2L, Connected Car Tech Features with OTA Updates and Kia’s AutoMode for Autonomous Driving functions. Also, its interior will be made from vegan leather and other sustainable materials including fishnet debris, recycled plastic water bottles, bio extracts, etc. Jeep Wagoneer S – Mid 2024 Another prominent moniker which will turn electric is Jeep Wagoneer S. The American SUV maker has been transforming its portfolio with the likes of Wrangler 4xe and Grand Cherokee 4xe. However, these are plug-in hybrids. The Wagoneer S will be a battery-powered colossal SUV. The specifics are still unclear but one could expect an arrangement which could offer around 600 hp and 400 miles (644 km) of range. Being a Jeep, it will inherently boast off-roading capabilities along with premium and modern features. You might also like: Xiaomi SU7 Makes Global Debut With 1200 km Range & 150 kWh Battery Pack Honda Prologue – H1 2024 Finally, we have the Honda Prologue electric SUV. Interestingly, it has been co-developed with General Motors, which is why it will use the same Ultium battery pack which powers other GM models too. The Prologue will come with an 85 kWh battery. In the single motor configuration, it could produce around 210 hp. This number goes up to around 288 hp in the dual-motor AWD setup. The driving range could be in the vicinity of 250-320 miles (402-515 km). Unlike other premium and luxury SUVs on this list, the Prologue would bear a relatively humble price tag of under $50,000 (starting). These are the top 5 upcoming electric SUVs for 2024.

Tips to Save and Earn Money from EV Charging

Top 5 Tips To Save / Earn Money From EV Charging

43 Comments / Battery / By LEC Team

Modern practices allow electric car owners to not only charge their cars at a time when the electricity rates are cheaper but also to earn some money by lending the power back to the grid. The automotive world has reached a point where it is no longer a question of whether the EVs are the future or not, but where people are devising ways to save and even earn money from EV charging. EV adoption is at an all-time high and the signs look promising going forward. Almost all legacy carmakers have announced ambitious plans to ensure carbon neutrality in the coming years and eliminate internal combustion engines from their lineup. In addition, new players have emerged that are manufacturing electric vehicles exclusively. Consequently, the charging infrastructure is also being developed in tandem. Here are some ways to save or earn money by charging your EV in a particular way. You might also like: 5 New EV Battery Technologies – Aluminium-ion to Niobium Top 5 Ways to Save / Earn Money from EV Charging Complimentary EV Charging There are a lot of modern EV markers that are offering some free complimentary EV charging when you purchase a new electric car. Sure, there are not many models on which this offer is valid. Nonetheless, this is something that you need to keep an eye out for. The most prevalent EVs include Hyundai IONIQ 5 and VW ID.4. They offer 2 years and 3 years of complimentary DC charging (certain kWh per month) respectively. Charging During Off-Peak Hours Yet another common way to save a lot of money while charging your electric car is the time when you charge it. You must know that charging at home using an AC charger is anyway cheaper than charging at a DC power station. However, if you charge at home during non-peak hours, generally from 8 PM to 6 AM, you might be able to charge at an even lower price. So, plan your charging cycles accordingly. You might also like: Top Solid-State Battery Companies For EVs Solar Energy to Power Your Home / EV There are many parts of the world, where solar is gaining momentum. People are installing solar panels in their homes to power their entire household. Needless to mention, this is particularly beneficial in those parts that are mostly sunny. Hence, if you install solar panels at your home and charge the EV using that source, the charging costs are bound to be extremely low. Selling Power to the Grid Another increasing trend around which startups are evolving is selling the surplus power back to the grid. We have already discussed how you should ideally charge your EVs during off-peak hours. During these times, you are paying the least amount of money to buy power. However, when you are not using your EV, you could sell it back to the grid at a time when the electricity rates are much higher, i.e., during peak hours. In this way, a symbiotic association could take place where you are using the grid to get power and also selling power to the grid to generate some profit. EV Charger Tax Credit & EV-Specific Electricity Rates Now, these are slightly nuanced measures that might be limited to only a couple of countries at the moment. But we are sure that more governments around the world could adopt it. The US government offers up to $1,000 in tax credit if you wish to install a charging station at your home. That is a necessity for EV owners and you could save some bucks in the form of tax credit. Similarly, the UK-based OVO Energy is a company that gives specific discounts for users to charge their EVs. The prices are exclusively designed for electric car charging allowing you to save some money. You might also like: How to Maximize EV Driving Range – Tips & Strategies Learn Electric Cars Says Despite the exponential growth of the EV industry in the last couple of years, we are still at a nascent stage of this promising EV revolution. Hence, this is the right time to take advantage of the massive benefits and incentives being offered by the carmakers, the governments and charging players to promote mass adoption. We are certain that such measures will become more common in more nations as we go forward. This is a great window to switch from traditional ICE-powered cars to EVs. Also, we understand that these practices might not work in every country at the moment. But the aim of this blog post is to make you aware of the kinds of possibilities that exist. This would also prompt you to keep an eye out for any such new method you might come across that will help you save or earn money using your electric car.

Hyundai IONIQ 6 vs Kia EV6 – Specs, Price Comparison

30 Comments / Featured / By LEC Team

Hyundai Motor Group is on a mission to establish itself as a prominent player in this transition phase from traditional ICE-powered vehicles to EVs and has already grabbed a solid lead with its products. In this blog post, we shall do a Hyundai IONIQ 6 vs Kia EV6 comparison in terms of specs and price. Both these EVs, essentially, come from the same parent company, Hyundai Motor Group. While the IONIQ is an all-electric sub-brand of Hyundai, Kia is its sister organization too. Launched on July 12, 2022, Hyundai IONIQ 6 has become a huge success in the international market. Its production takes place in South Korea at the Asan plant. The production of the Hyundai IONIQ 6 for the USA market will start in January 2023 and its sales will commence in March 2023. You might also like: Cupra Born vs VW ID.3 – Which One Should You Pick? Hyundai IONIQ 6 vs Kia EV6 – Specs Comparison Before we begin, it must be noted that the IONIQ 6 has only been announced in the dual-motor AWD configuration with the larger 77.4 kWh battery pack. The single-motor variant with a smaller battery (53 kWh) will be launched in the coming months. Therefore, we shall compare it to the top trim of the Kia EV6 only. Both these EVs are based on Hyundai’s E-GMP (Electric Global Modular Platform). Specs Comparison Hyundai IONIQ 6 Kia EV6 Drivetrain 2WD/AWD 2WD/AWD Battery 77.4 kWh 77.4 kWh Power 239 kW (320 hp) 239 kW (320 hp) Torque 446 lb-ft (605 Nm) 446 lb-ft (605 Nm) Range 320 miles (515 km) 274 miles (441 km) Acceleration (0-60 mph) 5.1 secs 5.1 secs 350 kW DC Fast Charging – 800 V (10%-80%) 20 mins 18 mins Drag Coeff. 0.21 0.28 Hyundai IONIQ 6 vs Kia EV6 – Specs Comparison While these two will feature identical powertrains, the difference lies in their body types. Whereas the EV6 is a crossover SUV, the IONIQ 6 is an aerodynamically sound electric sedan that Hyundai calls an “Electric Streamliner”. The sheer design will alter the range and efficiency of the IONIQ 6. Therefore, you will be able to squeeze more out of the electric sedan compared to the electric crossover. The extended-range version will be launched later that will have a range of up to 382 miles (615 km). You might also like: Kia EV6 Light vs Wind vs GT-Line – Specs and Price Comparison Hyundai IONIQ 6 vs Kia EV6 – Price Comparison The prices of the Kia EV6 range from $47,000 USD to $58,500 USD for the 2023 model. On the other hand, the estimated prices of the Hyundai IONIQ 6 would lie somewhere between $45,000 USD to $55,000 USD. Hence, there isn’t much to choose between the two in terms of prices. Price Comparison Kia EV6 Hyundai IONIQ 6 Base Trim $47,000 $45,000 (est.) Top Trim $58,500 $55,000 (est.) Hyundai IONIQ 6 vs Kia EV6 – Price Comparison Verdict With the price constraints out of the way, it really boils down to the kind of body one prefers. There lies a clear distinction between the two. If you are someone who loves the rather imposing SUV-ish road presence, the EV6 might do the trick. On the other hand, if you want something a bit more unique with an understated and sophisticated design, the IONIQ 6 electric sedan might make more sense.

Hyundai Ioniq 7 – Expected Specs, Range, Features & More

41 Comments / EV News / By LEC Team

Hyundai is planning to pre-pone the launch of its flagship 7-seat SUV, the Ioniq 7 for the second half of 2023 in contrast to 2024, which was the target earlier. The 3-row Hyundai Ioniq 7 will be the next prominent EV from the Korean carmaker after the Ioniq 5 and Ioniq 6. With production planned from 2023 onwards, local manufacturing in the USA is aimed to commence in 2025. The production version will be based on the company’s Electric-Global Modular Platform (E-GMP). The Ioniq 7 could be treated as the electric version of its popular Palisade large SUV. You might also like: Polestar 3 Electric SUV – Specs, Range, Price & Features Hyundai Ioniq 7 – Specs While the Korean auto giant has been tight-lipped about the exact specifications of the electric SUV, we can dare to make some logical assumptions. Hyundai has been aiming for a range of over 300 miles (483 km) from this platform. To achieve that with such a large SUV, we expect the battery size to be at least 100 kWh. The Ioniq 5 puts out 320 hp and 605 Nm of power and torque in the 4WD version. We could expect something similar with the Ioniq 7 as well. However, what is confirmed is the fact that the charging capabilities of the Ioniq 7 will be similar to the Ioniq 5. This translates to an architecture that supports 350 kW DC fast charging enabling a 10-80% charging time of about 20 minutes. Also, to enhance the accessibility of the electric SUV, it might well be offered in both RWD and AWD variants. Hyundai Ioniq 7 Specs Battery 100 kWh (expected) Drivetrain RWD/AWD (expected) Power 320 hp (expected) Range 300+ miles (483+ km) 350 kW DC Fast Charging 20 mins (10-80%) Hyundai Ioniq 7 Specs (expected) You might also like: Lucid Motors Preparing Air Sapphire To Rival Tesla Model S Plaid Dimensions Since there is no official word from Hyundai yet, we expect the dimensions of the EV to be slightly larger than the Palisade that is on sale in the USA. However, the wheelbase of the SUV (concept) will be 3,200 mm (125.9 in), as per the press release by Hyundai. Hyundai Palisade Dimensions Length 196.7 in (4,996 mm) Width 77.8 in (1,976 mm) Height 68.9 in (1,750 mm) Wheelbase (Ioniq 7) 125. 9 in (3,200 mm) Hyundai Ioniq 7 / Palisade Dimensions Interior and Features The SEVEN concept was showcased with an exquisite interior layout with the latest tech features and sustainable materials. In addition to that, it boasts Autonomous Driving Capabilities, Internet Connectivity, Vehicle-to-Load (V2L) functions to power and charge external electronic appliances, etc. We expect all these features to make it to the production model too, along with a Premium Audio System, Panoramic Sunroof, AI-Powered Virtual Assitant, ADAS Functions, Digital Key, Cameras in place of ORVMs, and much more. You might also like: XPeng G9 Launched – Fastest Charging Electric SUV in the World Price This is where Hyundai will leverage its technology and worldwide presence. We expect the prices to start at under $50,000 USD which will make it a great value-for-money proposition which is the case with most Hyundai products.