At Hyundai's CEO Investor Day event, the Korean automaker announced the Ioniq 9 three-row SUV will be built in America and confirmed a new type of hybrid.
Yet again, as other automakers begin to slow down on electric vehicles, Korea's Hyundai Motor Group is stepping on the accelerator.
'Hyundai Motor has developed a unique new powertrain and power electronics system to enable four-wheel drive with the application of two motors. The operation is powered solely by electricity, similar to EVs, with the engine being used only for battery charging.' In addition, that EREV model will be built in North America and China in 2026, Chang said. They will debut as SUVs from Hyundai and the Genesis luxury brand with a target of 80,000 units per year on this continent.
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