Hyundai will launch a new dedicated EV platform in 2020. That platform is essential to its plan to introduce 44 electrified models by 2025. There are signs that the first EV on the platform will be a flagship luxury model. The Korean automaker is likely to use Genesis, its luxury brand, for the new EV. The Genesis Essentia Concept, unveiled in 2018 (and shown here), could provide some ideas about the model’s design language.
Few details are known. But media sources suggest the new model will provide more than 300 miles on a single charge. Hyundai-Kia has strong early electric offerings, such as the Kona Electric, but the company struggles to produce enough units to meet demand. The introduction of a new dedicated EV in 2021 should allow Hyundai to ramp up production.