Hyundai and Canoo to develop new electrical automotive platform
The brand new electrical structure shall be based mostly on Canoo’s present scalable “skateboard” platform, which already homes the main EV-specific parts corresponding to an electrical motor and battery pack. Hyundai hopes this determination will enable for a simplified improvement course of, simpler meeting and – most significantly – a decrease automobile value for the buyer.
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In addition to underpinning a handful of compact passenger autos, Hyundai’s newest electrical platform may even characteristic below a spread of latest “Objective Constructed Autos”. This class contains autos corresponding to compact last-mile supply vans and autonomous city mobility pods. Hyundai unveiled its first PBV – an autonomous city automobile, styled to seem like a San Francisco cable automotive – at this yr’s Client Electronics Present.
This newest collaboration has seen the Hyundai Motor Group double its funding into product improvement. Over the following 5 years, the corporate plans to spend $87 billion (round £67 billion) on future powertrains, platforms and autos. $25 billion (roughly £19 billion) shall be allotted to Kia, which goals for ‘eco-friendly’ autos to comprise 25 p.c of its gross sales by 2025.
Hyundai and Kia have already confirmed they are going to have 38 inexperienced vehicles of their line-ups by the mid-2020s, together with 14 EVs. Premium model Genesis is anticipated to launch its first electrical automotive subsequent yr, whereas the group will proceed the event of its hydrogen gas cell autos to complement its present Hyundai Nexo SUV.
Hyundai and Canoo’s co-developed EV underpinnings may even be joined by a separate Hyundai Group devoted electrical automotive platform, that may give the Korean firm a bunch of contemporary rivals for Volkswagen’s vary of MEB-based autos.
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