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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.

Most teachers are white. Most students aren't.

Expand chart
Data: U.S. Department of Education, National Center for Education Statistics; Chart: Baidi Wang/Axios

The nation's 6.6 million teacher workforce has grown more racially and ethnically diverse over the past three decades — but not nearly fast enough to keep pace with a student population that's nearing majority-minority in public schools, two new reports show.

Why it matters: The disparities are especially acute between Hispanic students and teachers, and in schools with 90% or higher non-white student populations.

Updated 12 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.