Hyundai also plans to invest more than $28 billion over the next 10 years in electrification, including $7.45 billion for batteries.
The carmaker also announced details about the rollout of next-generation batteries, which will include lithium-iron phosphate packs from 2025 and improved nickel-cobalt-manganese batteries. In addition, Hyundai said it is developing lithium-metal andOverall, Hyundai brand CEO Jaehoon Chang said the company would invest more than $28 billion over the next 10 years in electrification under the"Hyundai Motor Way" roadmap, including $7.45 billion for batteries.
Hyundai also raised its sales forecast to 2 million EVs a year by 2030, up from its earlier target of 1.87 million. For comparison, sister brand Kia, which will use a version of the new IMA platform,
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