Hyundai celebrated a major milestone this week as the first electric vehicle assembled in the US rolled off the production line. The Genesis Electrified GV70 EV is the luxury brand’s first model constructed outside South Korea, as the automaker moves toward an electric future.
Hyundai Motor Company, including the Genesis and Kia brands, surpassed General Motors, Nissan, and Stellantis in sales volume last year, making it the third-largest automaker globally. The company has already seen success with EV models like the IONIQ 5 and Kia EV6, and is now investing heavily in electric vehicles.
In May of last year, Hyundai announced plans to build a $5.5 billion EV plant in Bryan County, Georgia, its first in the US. Construction began in October, with production expected to begin in 2025. In the meantime, Hyundai has begun manufacturing its Genesis GV70 SUV at its Montgomery, Alabama, facility alongside its ICE predecessor.
The first US-built Genesis GV70 Electrified SUV rolled off the assembly line Tuesday, with public officials present to observe the battery installation. Hyundai Motor Manufacturing Alabama president and CEO said at the news release: “Hyundai Motor Group has set a clear direction for the organization’s future mobility solutions that includes innovative designs propelled by batteries or hydrogen fuel cells.”
The 2023 Genesis Electrified GV70 will start at $65,850 and comes equipped with dual 160 kW front and 160 kW rear motors, a 77.4 kWh lithium-ion battery, and 400V/800V multi-charging. Genesis has committed to an all-electric vehicle lineup by 2030, with all new models launched after 2025 being electric.
Hyundai is aiming to capture 7% of the global EV market by 2030 and is competing against luxury EVs in the US such as the Rivian R1S (MSRP from $73,000), BMW iX ($85,000), Audi e-tron ($70,800), and several others. The company also announced yesterday that prices for its “electrified streamliner” IONIQ 6 sedan would start at $41,600 (+$1,115 delivery charge).
The Genesis GV70 marks a significant milestone for Hyundai as it expands its production network and moves toward an electric future. With its competitive pricing and innovative designs, Hyundai is poised to become a leader in the EV market.
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK and can be purchased from a variety of dealerships.
Q2. Where can I find electric car charging stations near me?
A2. You can find electric car charging stations near you by using online maps or apps such as PlugShare or ChargePoint.
Q3. Which electric car is the best?
A3. The best electric car depends on your individual needs and preferences. Some popular models include the Tesla Model 3, Nissan Leaf, and Chevrolet Bolt EV.
