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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.

Updated 45 mins ago - Energy & Environment

Thousands without power as "hazardous" winter storm lashes East Coast

Satellite imagery of the Northeastern U.S. taken by NOAA on Jan. 17. Photo: NOAA

A major winter storm lashed much of the East Coast Sunday and Monday, causing widespread power outages and disrupting travel over the holiday weekend.

The latest: Authorities in North Carolina confirmed that two people died in a car crash and that they responded 600 vehicle accidents during the storm on Sunday, per the Washington Post.

Texas abortion law remains in effect after appeals court ruling

Pro- and anti-abortion protesters outside the Supreme Court as arguments begin about the Texas abortion law on Capitol Hill in November. Photo: Jabin Botsford/The Washington Post via Getty Images

A U.S. appeals court transferred a challenge to Texas' law banning most abortions after about six weeks of pregnancy to the state supreme court in a 2-1 vote on Monday evening.

Why it matters: The 5th U.S. Circuit Court of Appeals' decision means the country's most restrictive abortion law can remain in place for the time being.