Estimated Reading Time: 1 minutes
Hyundai Motor launched Thursday its first electric sedan, Ioniq 6. The South Korean automaker believes this will allow it to grab more of the electric vehicle market (EV) dominated by Tesla Inc.
Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Corp 000270.KS, has more than 31 electric models. The premium brand Genesis is also included in the plan.
Hyundai’s sedan will extend its EV range beyond the current crossovers and SUVs.
Hyundai stated that the Ioniq 6 will offer a driving distance of approximately 610 km (380 miles), which is around 30% greater than the Ioniq 5 crossover.
“We are using the same (battery) cell chemistry but we maximised the amount of batteries per each pack, enhancing energy density significantly,” said Kim Yong Wha, an executive vice president at Hyundai.
The battery packs will be available in two options: 53-kilowatts per hour (kWh), and 77.4kWh. Production will start at Hyundai’s Asan plant in South Korea later in the year, Hyundai stated.
After Hyundai had announced plans to build dedicated EV plant in the United States, the launch of the Ioniq 5 was followed by the Kia’s EV6 SUV and the Ioniq 5 becoming the second-best-selling EVs behind Tesla cars.