Hyundai Motor Group, the number two carmaker in Asia and a global leader in electric vehicles, is on an aggressive mission to dethrone Toyota as the world’s top carmaker. Hyundai’s latest move is to invest heavily in electric vehicles development and production to gain a competitive edge and capture more market share. With Hyundai now poised to become a major player in the EV market, it appears that they have card up their sleeve which should give them an advantage over their competition. In this blog post, we will explore how Hyundai is positioning itself to overtake Toyota and lead the race for electric vehicle dominance.
Hyundai’s new electric vehicles
Hyundai’s new electric vehicles are set to launch in the second half of 2020, and they’re already making waves in the automotive industry. The South Korean automaker has been relatively quiet about its plans for electric vehicles, but it’s clear that it’s gunning for Toyota’s crown as the world’s largest automaker.
Hyundai’s electric vehicles will be based on its existing lineup of gasoline-powered cars, so there won’t be any radical new designs. However, the company is promising that its electric vehicles will offer best-in-class range and performance.
The first Hyundai electric vehicle will be a compact SUV, which is expected to have a range of around 200 miles on a single charge. This will put it in direct competition with Tesla’s Model 3, as well as other electric SUVs like the Jaguar I-Pace and Audi e-tron quattro.
Hyundai is also planning to launch an electric version of its popular Kona crossover in 2020. The Kona Electric will have a range of up to 250 miles on a single charge, making it one of the longest-range EVs on the market.
It’s still early days for Hyundai’s electric vehicle plans, but it’s clear that the company is serious about taking on Toyota in the hybrid and EV space. With competitive products and an aggressive rollout plan, Hyundai could soon be leading the way in electrification.
Toyota’s electric vehicle plans
As the global market for electric vehicles (EVs) continues to grow, Hyundai is making a big push to dethrone Toyota as the world’s leading automaker. Last year, Hyundai released its first mass-market EV, the Ioniq, and it has plans to bring several more EVs to market in the coming years.
Toyota, meanwhile, has been a bit slow to embrace EVs. The Japanese automaker did not release its first mass-market EV, the Prius Prime, until last year. And while Toyota has plans to bring other EVs to market in the near future, it doesn’t seem to be in as much of a hurry as Hyundai.
That said, Toyota does have one big advantage over Hyundai when it comes to EVs: its experience with battery-powered vehicles. Toyota has been making hybrid vehicles since 1997 and currently offers eight different hybrid models. As such, Toyota already has a wealth of knowledge and experience when it comes to batteries and electric motors.
This experience will likely give Toyota an edge as it looks to develop more EVs in the future. So even though Hyundai may be moving faster on EVs right now, don’t count Toyota out just yet – it still has a few tricks up its sleeve.
Why Hyundai is primed to dethrone Toyota
As Toyota continues to grapple with the fallout from its unprecedented recall crisis, Hyundai is quietly positioning itself to take over the Japanese automaker’s crown as the world’s largest automaker.
Hyundai has long been the underdog in the global auto industry, playing second fiddle to Toyota in both sales and reputation. But with Toyota’s brand badly battered by its recent safety woes, Hyundai is poised to make a run at the top spot.
Hyundai is already off to a strong start in 2010, posting record sales in both January and February. And with a full lineup of new and refreshed models on tap for the rest of the year, Hyundai is poised for even more growth.
But it’s not just new products that have Hyundai on the rise; the company is also making big strides in quality and customer satisfaction. In fact, Hyundai was recently named the most improved brand in J.D. Power and Associates’ annual Vehicle Dependability Study.
And while Toyota is still struggling to regain its footing, Hyundai is moving full-steam ahead with its plans to launch a lineup of hybrid and electric vehicles. With gas prices expected to continue rising in the years ahead, Hyundai’s bet on alternative fuel sources looks like a smart one that will pay off handsomely for the company – and its shareholders.
