Hyundai unwrapped two new EV concepts in China. The location clearly made sense considering that’s the world’s largest market for battery-electric vehicles and the two show cars help mark the official launch in China of Hyunai’s Ioniq brand. But the two concepts, dubbed Venus and Earth, are more than fantasies in chrome and offer a hint of broader changes to come in Hyundai’s design approach.
As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.