Thursday, 17 August 2017

Korean carmaker Hyundai vows to produce longer-range electric car

Korean carmaker Hyundai is wading further into the electric vehicle market, promising a car that can go 500km (311 miles) on each charge.

Hyundai already has an electric model on the market, but its range lags behind its competitors' models.

Along with its affiliate Kia, Hyundai is planning 31 eco-friendly models by 2020.

The latest move comes amid increasing competition in the market for ecologically-friendly cars.

Hyundai's environmentally-conscious new additions will include three plug-in hybrid vehicles, eight battery-powered cars and two fuel-cell vehicles.
The company also has plans to develop its first dedicated facility for pure electric vehicles, which will allow it to produce a variety of cars with longer driving ranges.

Its current electric model, the Ioniq, has a range of 280km, less than GM's Bolt or Tesla's Model 3, which both have ranges in excess of 350km.

Automotive analyst Robin Zhu from Bernstein Research says Hyundai's new model would be competitive when it comes out after 2021, even though its high-end competitor Tesla will probably exceed its expected range by then.

"For econo-boxes that go from A to B, you need to be competitive, but as long as they offer the right product for the right value, the onus is not on Hyundai to do something groundbreaking," he said.

BBC        News.