The global automobile electrification process has already begun. Carmakers have set a deadline to go fully electric while they sell both ICE and BEVs at present. Hyundai motors had similarly committed to slowly going electric. But in the recent development, the South Koren car giant has shut down their internal combustion engine development division.
Why the move?
The newly appointed R&D chief, Chung Kook mentioned in the email he sent to employees “Now, it is inevitable to convert into electrification. Our own engine development is a great achievement, but we must change the system to create future innovation based on the great asset from the past.”
The decision was made as the automotive industry around the world is rapidly moving towards electric vehicles.
Hyundai’s engine development division was founded in Namyang, South Korea, in 1983. The carmaker is going to make the largest reorganisation of its R&D after almost 40 years.
According to reports, the powertrain team will be the electrification team. This team will be completely dedicated to R&D for electric vehicles. All powertrain related centres are now electrification units. Also, Hyundai aims to establish its own battery development centre in house.
Hyundai EV plans
Hyundai recently showcased its E-GMP platform, which is specifically developed for BEVs. The platform can accommodate different battery sizes and body styling to diversify the varieties of EVs built on it. Also, it will allow them to produce vehicles with a flat floor, slim cockpit and a flexible and spacious cabin.
The Korean giant plans to invest around ₹4,000 crores to develop and expand its EV lineup in India. They plan on introducing 6 different battery-electric vehicles by 2028. This will include different segments, performance and body styles.