Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday.
To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first all-electric model based on its own EV platform called the electric-global modular platform (E-GMP) this year.
In other efforts to become a future mobility leader, Hyundai Motor plans to start applying the Level 3 autonomous driving technologies to its models in 2022, while its affiliate Hyundai Mobis Co. continues to cooperate with global companies to develop the Level 4 and Level 5 self-driving automation technology.