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Hyundai's EV architecture. Photo courtesy of Hyundai

Hyundai Motor Group says it's developed the in-house technology to thrive in the emerging market for electric vehicles as they prepare to unveil a suite of new models over the next several years.

Driving the news: The company yesterday took the wraps off "E-GMP," the Korean automakers' first dedicated EV platform.

Why it matters: Having an EV-specific platform is important for enabling scale and the ability to build multiple types of EVs using the same manufacturing architecture.

  • "E-GMP reduces complexity through modularization and standardization, allowing rapid and flexible development of products which can be used across most vehicle segments, such as sedans, SUVs and CUVs," Hyundai said.

By the numbers: Hyundai said models built on the platform will have range of over 310 miles and will be able to charge up to 80% within 18 minutes at high-speed charging stations.

  • "High performance models" based on E-GMP will go from zero to 60 miles per hour in around 3.5 seconds, with top speeds of over 160 miles per hour.

What's next: Hyundai plans to introduce 23 new EVs by 2025, with an overall target of selling 1 million by then.

  • The company had announced in August the creation of its Ioniq EV unit, with plans for the first vehicle under the effort, a crossover, to arrive next year.
  • Yesterday, they said from 2021 the E-GMP will underpin a range of fully electric cars, including the Ioniq and Kia Motors' first dedicated EV.

Go deeper: Hyundai, Kia and Genesis' electric futures ride atop the E-GMP platform (CNET)

Go deeper

Ben Geman, author of Generate
Jan 29, 2021 - Economy & Business

General Motors puts Trump in its rearview mirror

Illustration: Sarah Grillo/Axios

General Motors (GM) is racing to prepare itself for a president and a world that takes climate change more seriously — and putting the Trump era behind them in the process.

Driving the news: GM yesterday announced an ambitious plan to end global sales of internal combustion vehicles by 2035. It's part of their wider new pledge to be carbon neutral by 2040.

Obama says Powell exemplified what America "can and should be"

Then-President Obama speaks alongside former Secretary of State Colin Powell (left) during a meeting in the Oval Office in 2010. Photo: Saul Loeb/AFP via Getty Images

Former President Obama called Colin Powell an "exemplary soldier and an exemplary patriot" in a statement honoring the former general following his death from COVID complications on Monday.

Why it matters: Powell, the first Black U.S. secretary of state, was known as a Republican but played a critical role in helping Obama get elected in 2008.

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11 in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.