Hyundai Commits To 2016 Launch Of Midsize Electric Car Powered By Next-Generation LG Chem Batteries

DEC 31 2014 BY ERIC LOVEDAY 66

It Seems Hyundai Is Getting Ready To Ditch Hydrogen IN Favor Of Plug-In Electric - Image Of Hyundai FCEV Prototype

It Seems Hyundai Is Getting Ready To Ditch Hydrogen In Favor Of Plug-In Electric – Image Of Hyundai FCEV Prototype

All-New Hyundai Sonata Hybrid - Likely To Be Offered In Both PHEV And BEV Versions By 2016

All-New Hyundai Sonata Hybrid – Likely To Be Offered In Both PHEV And BEV Versions By 2016

Hyundai has shocked us with an end-of-the-year announcement.

On Tuesday, Hyundai made it officially known that it inked a battery supply deal with LG Chem for the automaker’s first-ever pure electric production car.

The car, claimed to be a midsize sedan by Hyundai, will launch in 2016.

“Hyundai’s first pure EV will be a mid-sized sedan. Equipped with improved batteries, enhanced system management and lighter materials, the upcoming model will weigh about 30 percent less than existing hybrid EVs.”

Noted Hyundai in a statement.

Former vice president of BMW, Albert Biermann, will be in charge of Hyundai’s electric car program.

That electric car program will grow considerably in the coming years, which suggests to us that Hyundai is perhaps ready to ditch its hydrogen fuel cell vehicle efforts.

According to Hyundai, the automaker will offer no less than 12 PHEV models by 2020, plus at least one BEV, the midsize sedan announced above.

The future PHEVs (or possibly BEVs) coming from Hyundai include a sporty electric car, a SUV and a flurry of smaller sedans/hatchbacks.

SK Innovations, battery supplier for the Kia Soul EV, will provide packs for Hyundai’s PHEVs, while LG Chem has been tasked with producing next-generation batteries for Hyundai’s 2016 midsize, all-electric sedan.

If we had to guess, we’d say that Hyundai’s midsize sedan BEV will have no less than 150 miles of range.

Consider us excited that Hyundai has finally made its commitment to plug-in electric vehicles official.

Source: Korea Times

Categories: Hyundai

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66 Comments on "Hyundai Commits To 2016 Launch Of Midsize Electric Car Powered By Next-Generation LG Chem Batteries"

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Crazy news, they never seemed as hydrogen focused as toyota though since they have the Kia Soul ev in their sister company.
Looking forward to hearing more about this!

Jouni Valkonen

Hyundai/Kia has previously announced that Kia is concentrating on electric cars where as Hyundai is concentrating on hydrogen cars. But I guess that they have come to their senses that hydrogen cars are only fud that Toyota is spreading in order to boost their Lexus sales. Hyndai does not have such a hugely profitable premium brand, so there is absolutely no reasons for them to invest on hydrogen cars.

Lexus brand is providing about half of the total profits that Toyota is generating. Therefore it in huge interests of Toyota that they go all against electric cars because electric cars are directly competing against their most profitable Lexus models.

At this point of development it does not make sense to offer electric hatchbacks but electric cars do make sense in premium car category, above 50 000 dollars. This may sound disappointing for some, because above 50 000 dollar car category certainly is not for the masses, but this market segment is still one to five million car sales annually. And certainly middle class can buy used electric cars in affordable price. Excluding battery degradation, electric cars can maintain their value far longer than ICE cars.

pete g

Yea right when you add in cost of fuel and maintenance. The iMEV, Spark EV, Leaf & Volt have a lower cost of ownership than any ICE. How do they not make sense?

Next Buffet

Lol, desperate attempt to stop model 3, where is their gigafactory? Lol
What a joke, not selling my tesla below 400

Jouni Valkonen

It takes only months for LG Chem to ramp up the battery production to mach the demand. They are operating in Eastern Asia that includes China and not in bureaucratic United States.

Chris O

It takes Tesla years to build a Gigafactory that can turn out the sort of numbers that go with affordable long range EVs. What does LG know what Tesla doesn’t?

Jouni Valkonen

Actually it takes about one and half years from Tesla to set up Gigafactory into ready for prodution state. Why it is so slow are mostly bureaucratic hurdles and Tesla started construction from scratch. Also Tesla’s gigafactory does lot more than mere battery cells for electric cars.

mike w

Format size.

tftf

Meanwhile, the real Buffett (note the two t) never got into TSLA shares.

Chris O

No he sunk his money in BYD which lost 50% of its value in the last 6 months and now he wants out.

pete g

Or maybe Warren Buffet just wants to free up some cash because he has big plans for Burger King.

Larry

Maybe he should have invested in Old Country Buffet.

kubel

Gigafactory doesn’t monopolize production only for Tesla. In fact, it wouldn’t work out if it was only Tesla on the field.

Someone out there

Very interesting! We are standing now at the very beginning of the electric vehicle revolution. Things will start to move very rapidly now as the competition starts. By 2020 I am very confident that we will have EVs that are at least as competent as gas cars in terms of range, price and usability. By 2025 very few people will even consider buying gas cars if they are available at all.

Lou Grinzo
I don’t know if the years you mention are accurate — I’d sure like to see the rEVolution happen sooner, obviously — but one thing I can say with confidence: Those tipping points will happen. The TCO, initial purchase price, and per-mile marginal operating costs of EVs are all moving in the right direction; no amount of frippery that car companies can pile onto ICEs will hold back that tide. (Notice what companies feature in ads today — Pandora, Bluetooth, minivans with vacuum cleaners(!?), etc.) My biggest fear is that the rEVolution will take much longer than people like us on this site generally assume. My next-largest fear is that some research team will come up with an Uber Battery that’s so much better than what we have now, in terms of absolute power and energy performance as well as utility/dollar, that it upends the whole light-duty vehicle market. We don’t want the change to happen too quickly, because that results in people dumping ICE and even hybrid cars (and resale values plummeting), waiting lists to get an EV, gas stations closing, car companies resorting to massive layoffs, etc. Economic turmoil is not in our best interest. As we prepare… Read more »
Priusmaniac

Your biggest fear is my favourite dream!

Priusmaniac

Starting from the change happening quickly, I mean, of course.

Victor

Lou, your fare would be my biggest dream come true. I’m happy to see Hyundai ditch that crazy fuel cell program in favor of electric. I’m happy to see another auto manufacturer commit to the electrification of the automobile.

Lustuccc

“Economic turmoil is not our best interest, the upcoming Climate turmoil will be far worst for the economical and the ecological systems.
We have a hydrocarbonic madness to stop very quickly now!

Civilisations always went through many crisis and we have always adapted.
Old technology will always die. Yhis Internal combustion engin does not only because of the formadable economic pressure Big Oil put on all alternatives for a hundred years.

Priusmaniac

People will see petrol cars then like we see petrol lamps now, something that is so obsolete and inconvenient that even for free we wouldn’t want to use it anymore.

David Murray

Exactly. I like to compare gasoline cars to CRT monitors/Televisions. I wouldn’t take one even if it were free.

Stephen

I’m still using a CRT

Lustuccc

Yes good for the environment, but when it dies will you get another CRT?

Scramjett

Wow, I haven’t even seen a CRT in years!

Jouni Valkonen

Exactly. Electric cars are not so cool as they are because they are green cars, but because the fundamentals of the electric car technology are so superior to petrol cars that electric car revolution will be unstoppable and fast.

I expect 95 % market share for electric cars by 2030. For such a slow paced industry this is just revolutionary change.

Scramjett

I share your enthusiasm but I find 95% market share by 2030 very optimistic (bordering on fantastical).

But who knows? We went from just starting powered flight to breaking the sound barrier in just 40 years. Going from petrol to electric is not even half as revolutionary.

Jouni Valkonen

I just cannot think about person who would opt out for ICE car in 2020’s. Electric car battery cost should reach parity with ICE cars around in early 2020’s.

For example, Diesel cars are no solutions as e.g. Paris and London are in process to ban Diesel cars in few years, because they are polluting too much.

Robster

How cool, don’t know enough about Hyundai models though. Not overly popular in the Netherlands. Curious what it might look like. Exactly what I need, 150 Miles of range, hopefully not overly expensive!

Cavaron

Improved batteries and 30 percent less weight hopefully doesn’t mean they just reduced the batteries dimensions with the new tec instead of improving range…

Another thought coming to mind – Hundai fooled Toyota and Mercedes:
Yes, yes – we belive in hydrogen too! Nothing else comes to our mind. Just proced with your research 🙂

Ambulator

I think that is exactly what it means. Oh, a little more range could be provided, but not much over 100 miles (EPA).

Did they not already say Kia would make BEV’s, while they would do FCV’s, and not compete in the BEV field, at least until demand was higher?

Jouni Valkonen

Indeed they did say that, but I guess that they have come to their senses that hydrogen cars are just fud that Toyota is spreading in order to protect their hugely profitable Lexus sales. See my comment above.

Fail Cells

nice to see they finally are giving up on the Fail Cells. Bring it on Hyundai! Don’t make a butt ugly car. Something similar to the Sonata with at least 150 miles of range would sell like hotcakes if priced appropriately.

mike w

+1

David Murray

I just hope it won’t be a compliance car. It sounds like the PHEVs won’t be because there is no reason to produce that many if compliance was the only goal.

Jouni Valkonen

Any electric car that is not in the luxury car category is a compliance car, because economics of electric cars do not make sense in affordable price range. Even Nissan LEAF is not profitable car despite huge government subsidies and compliance requirements.

But LEAF has probably been a success because it has acted as a halo car that has gained a lot of free publicity and hype around Nissan. This has certainly boosted their ICE car sales to more than compensate the losses what they have made with LEAF.

Banzai

Depends if you amortize in the R&D cost. Each Leaf rolling off the assembly line is just barely profitable now if you exclude sunk research costs.

http://insideevs.com/nissan-ceo-ghosn-leaf-sales-success-profits/

Not the best metric for success, but call it a half victory?

Brian

If nothing else, this type of incremental profit makes it to Nissan’s advantage to sell as many Leafs as they can. On the other hand, if each unit sold lost money, they would want to sell just enough to meet regulations and/or create their green halo.

Jouni Valkonen

no, Nissan expects that LEAF will be barely profitable in near future. But if we remove the subsidies from Nissan LEAF then Nissan would make about 20 000 dollar loss for each sold cars. therefore Nissan Leaf is not very healthy economic case.

Someone out there

I doubt the marginal cost of the LEAF is that high, it it was they would not be interested in selling more than absolutely necessary to cover regulations.

Scramjett

All car companies have development costs for all of their cars. I don’t think they factor those costs into profitability for their models. It is more likely that they treat it as cost of doing business in their accounting.

Ash09

I heard the Prius wasn’t profitable for Toyota either until the second generation came out. Look how many have sold since they first came out.

Let’s hope Nissan is focusing on the big picture, and realizing that though the Leaf isn’t a cash cow at the moment, it has the potential to be if they can hang in there.

I certainly don’t know, but I don’t see them ditching hydrogen as much as I see them all in now with EVs. Either way, definitely good to see.

Hydrogen is just a long way away for anyone outside a select few communities in Germany and California. Even the 100 planned stations in California are clustered together and is 100x less than 10,000 gas stations there.

I don’t mind the idea of a hydrogen range extender so much that lets me drive fast crisp electric miles the majority of the time, but a pure hydrogen OR parallel PHEV that accelerates like a Prius I still have yet to grasp the idea.

Jouni Valkonen

Tesla is probably upgrading their superchargers to 150 kW soon and around 200 kW by 2020. So, tell me how on Earth you can think that hydrogen cars could be anything that would even remotely match electric cars?

Hydrogen cars are just fud that Toyota is spreading in order to boost their hugely profitable Lexus sales from direct competition of electric cars.

Scramjett

I think it’s too soon to tell if people will be comfortable waiting around 15 minutes to charge their car. I can see the potential for a range extending fuel cell, but I don’t see it happening anytime soon, if ever.

MikeC

It’s only 15 minutes to charge if you happen to be on a road trip. It takes 5 seconds to plug in once you get home and the battery is full every morning. Trust me, people are comfortable doing that.

This is the best news I’ve heard all year.

Bravo, Hyundai!

Everyone I know who drives a Sonata loves it.

Steven

My family is on its fifth Hyundai. Sadly a Tesla isn’t in my price range. If I can get either an Elantra or Sonata in full BEV, I’ll put it this way…

“Shut Up And Take My Money!”

krona2k

Excellent news. Toyota and Honda next!

Bloggin

It looks like next gen EVs are moving from the compact hatch/boxes, to the higher volume sedans sold in the US.

But this does put the EV sedan in direct competition with the family sedan, where it will need to replace as opposed to add ‘another’ sedan to the family fleet. That will then move the family SUV as the long distance hauler.

This family EV sedan will need to offer 200+ ‘no matter what’ EV miles. Meaning there can be no dipping below 200 from a constant 85mpg to freezing temperatures, to blazing heat and air blasting.

But a 100 EV mile PHEV would give the sedan a dual purpose, while easily meeting the daily EV needs.

Scramjett
A lot of interesting comments here regarding change and the future. It’s been my experience, both personally and from studying history, that change is either gradual or abrupt. I suspect that when it comes to transportation, some aspects will be gradual and some abrupt. However, my view of the transportation future it not one where automobiles dominate, but one where they see a smaller, more equitable role when compared to other transportation modes. I see greater increases in rail based transportation (HSR, rapid rail, light rail, street cars, etc), cycling and bicycle infrastructure (cycle-tracks, class 1 trails, e-bikes, urban bikes, etc) and less need or dependence on the automobile. Car share services such as Zip Car will proliferate (traditional car rental companies will likely adopt similar models) and fewer people will actually own cars. I would say that, by 2050, half of light duty vehicles will be individually owned, while the other half will be owned be companies. Roughly 75% of vehicles will be electric with ranges between 150 to 250 miles and the remaining will be fuel cell range extenders (with roughly 50 – 75 miles AER and 300+ miles H2 range — primarily for contractors, service people, construction… Read more »
Bill Howland

If Hyundai can produce a car that is basically going head to head with the model S, or their upcoming model 3, but is cheaper than either, then that would be a real game changer….

BEV’s with large batteries mean large number of 220 volt charging facilities will be wanted by customers… Good for people like me!

Brian

How do you figure that large battery BEVs will increase demand for 240V EVSEs? I know that I would be willing to wait at an 80A/240V charger for half an hour to gain about 30 miles of range. But as you know, I am more willing to make such sacrifices than most.

The way I see it, large battery BEVs will increase demand for QCs, and possibly REDUCE demand for L2. Most short-to-medium distance trips can be made round trip from home, and you don’t need to find a public charger. But for long road trips, you don’t want to sit at a charger gaining only 60ish miles per hour.

Bill Howland
Someone made the comment yesterday that the new high power Tesla uses around 1/2 kwh per mile. Assuming the avg commute and errands (30 miles total daily driving) that works out to 15 kwh. This is admittedly a bad example, since Tesla chargers are notoriously inefficient at 120 volts, but lets just use that figure as a ‘large sedan’ or small truck. It would take 13 hours every day of the week to recharge what was lost, assuming an efficient charger. Assuming people WANT to use their cars a little bit outside of work, most people would not have 13 spare hours to have the car quarantined in their garage to recharge. Therefore, what you Brian have in your garage is the perfect solution for the vast majority of people: a 230 volt, 15 amp (3.4 kw) Charger docking station. You have installed one for your Leaf, so I don’t understand why it is so unreasonable to expect a typical customer would not do this for a larger car. It’s true only a minority of Volt owners (45%) use high voltage EVSE’s. But that’s because there’s never a real problem if the car cannot be fully recharged by morning, since… Read more »
Brian

I see, you were referring to L2 at home. I completely agree with you there. Most people will want somewhere in the range of 3-7kW at home. Above that becomes much more expensive to install, with diminishing returns. I completely agree that L1 charging will not cut it for many.

I was referring to public L2 infrastructure. I see the demand for that going down with larger batteries. Although if you have 10x the number of cars, but the per-car demand goes down by half, you still have a 5x increase in demand.

So what do you mean that this is good news to you? I figured you were referring to the fact that your Roadster and Volt are only capable of charging at 120V or 240V. Are you in the business of installing EVSEs these days?

Bill Howland
I’m basically retired, but I throw ’em in cheap for friends, or should I say ‘friend’, I’ve only helped one volt owner so far. Its usually easy work – that is except for the digging the trench part. I hate rocks. Of course, then it gets to like “While you’re at it, why not…..”. Ron’s house, and what he plans to do with it, is actually the most interesting installation (not done by me though) I’ve seen. How he plans to run all those 70 and 80 amp EVSE’s in 2 buildings off of 2 – 150 amp electric services is something I’m curious as to what he’s going to do. I know what I’d do, but of course, that’s his business. I’m not sure even how many EV’s he has now. I know he was going to get an “X”, but not sure when those are actually going to come out. I believe he has 5 vehicles total, and 2 ev’s (at least) currently. He only had a 100 amp subfeed off one of the 150 amp mains run to his nice added ‘showroom’ garage. So he can run the 80 amp S, or the 70 amp Roadster, but… Read more »
RichardC

This is exciting news! The article speaks of a coming plug-in SUV, but somehow I’ve missed any articles about that. Can anyone fill me in on what has been announced about a PHEV SUV?

Ocean Railroader

The thing I’m wondering about this car is it really going to have a 150 mile range or a 80 mile range. In that if they do have a battery that is 40% more power it in. The car maker might use that as a big way to cut costs in the car.

A example of this is right now there is battery power that could raise the range of a Mitsubishi i-miev by 30% to 40% in the same pack mass. But Mitsubishi doesn’t do anything about raising the horrible range of the car.

Tesla appears to be the only car maker to show case a massive upgrade in car range with a new generation of batteries.

Djoni

That would be a failure then.
Producing the same range as you can get today with available car would be a failure.
Even with cheaper price it’s a dead end, since all existing manufacturer could ajust the price of what they already produce.
So, 150 miles would be the tresshold.

Tesla Fan

No one has ever said “i want a hyundai”

Steven

I want a Tesla. But chances are, that under could afford a Hyundai.

Spec9

If they pack the Sonata with a big battery pack and have a good DC fast-charge port . . . that could be a compelling EV. Nice looking, decent aerodynamics, get a decent range, etc. . . . Sell for $40K or so.

Gadge

BEV’s will surpass FCEV’s at an accelerated rate and when the soon to be commercialized high energy density batteries hit the market, the death knell will have been sounded!

Mikael

This is very expected. The EU regulations makes it impossible to meet the emission requirements by 2020 without a very high number of low emission cars sold.
And today the best bet for the companies are PHEV’s to meet the requirements (with a number of BEV’s and other low emission vehicles of course in the mix).

So the Swedish and German car companies are already on it. So are the French (even though they are doing it by small regular low emission cars + BEV’s instead of PHEV’s).

Mitsubishi is almost already there in the EU.

And now Hyundai is announcing this.

What you should expect is that the US, Japanese and Korean brands will come with the same announcements fairly soon.

If you think CARB and California has any influence with a 3 million car market and a very very small portion of low emission cars needed. Imagine the force of the 13 million car market of the EU coming with these high number regulations.

Anton Wahlman

Wait a minute. What is the source for these quotes? I can’t find any Hyundai press release with anything anywhere near this text. Where is there a source link?

May Grindle

This is good! We need all the electric vehicles we can get. Hyundai is a major manufacturer and every manufacturer needs to have a BEV division. Customer demand will ensure each manufacturer swings its attention away from combustion engines. As always they need to keep an eye on fast recharging of the batteries to succeed. Since Tesla’s Supercharger patent is open for free licensing, they honestly should take advantage of that.