Hyundai, Kia Plan to Build 50,000 Electric Cars in 2018

July 21, 2017
The production increase comes amid the combined automaker's goal to become the second largest maker of green vehicles (hybrids, plug-in hybrids, and electric cars) by 2020. Hyundai-Kia set the goal in 2014, but thus far, it has reached only the No. 4 spot. The goal of 50,000 electric cars will place the automakers in a better position to achieve that long-term goal.

July 21, 2017—Hyundai and Kia will aggressively increase production output of electric car next year to 50,000 vehicles, according to Green Car Reports.

The production increase comes amid the combined automaker's goal to become the second largest maker of green vehicles (hybrids, plug-in hybrids, and electric cars) by 2020. Hyundai-Kia set the goal in 2014, but thus far, it has reached only the No. 4 spot. The goal of 50,000 electric cars will place the automakers in a better position to achieve that long-term goal.

A spokesperson from Hyundai-Kia said the launch of a new electric vehicle, along with increased production (presumably of more conventional hybrid-electric cars), would secure the number-two spot.

"We ranked third in sales of [electrified] vehicles among automakers by selling more than 2 million units through last year," the spokesperson said. "If we launch a new electric vehicle, we will be able to take second place."

Production plans over the next year include battery-electric versions of both the Hyundai Kona compact crossover and the Kia Niro, now offered only as a hybrid. The two makes expect to build 13,000 units of the Kona electric car and 12,000 units of the Niro electric, for 25,000 additional units of production, according to the report. Combined with current Hyundai Ioniq Electric and Kia Soul EV production, that brings the production total of plug-in electric vehicles to 50,000.

Additionally, the Ioniq Plug-In Hybrid will arrive at the end of 2017 as a 2018 model alongside the launch of the Niro plug-in hybrid.

Hyundai's promised 400-mile fuel-cell SUV will also likely help the Korean automakers reach its green car goal, though it is likely to contribute smaller numbers than the battery-electric models.

Sponsored Recommendations

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.

Restore & Protect: The Powerful Revenue and Profit Accelerator for Your Business

Restore & Protect is a major business opportunity for Valvoline installers with positive impact on profit growth as well as customer satisfaction and loyalty.

Deliver a First-Class Guest Experience

Our dedicated Valvoline Trusted Advisor Sales and Support Team provides hands-on classroom and targeted in-store coaching to help your employees become more skilled at selling...

Promote Growth on Two Fronts: Existing and New Customers

Increase Sales and Customer Traffic To Your Store(s).