Investment plan

New £11bn investment plan for Hyundai, Kia and Genesis

Over the next decade, Hyundai Motor Group (the parent company of Hyundai, Kia and Genesis) will invest more than £11 billion to strengthen its upcoming Connected Car Operating System (CCOS), new platforms purely electric vehicles and autonomous driving technology.

The announcement also detailed the schedule for over-the-air (OTA) updates for the company’s current cars – both pure electric vehicles and internal combustion engine models. The software update will be rolled out to all vehicles by 2025, which Hyundai says will “provide improved performance and functionality.” The OTA update is expected to affect 20 million vehicles worldwide.

A new CCOS will also be developed in-house by Hyundai in collaboration with NVIDIA – a world leader in artificial intelligence technology. One of the main goals of the new system is to provide a fully autonomous driving experience. “Hyundai Motor Group’s philosophy in developing autonomous driving technology is ‘universal safety’ and ‘selective convenience,'” said Woong Jun Jang, senior vice president of Hyundai Motor Group. “We’re working hard to improve technology so everyone on the road, not just drivers, can get around safely and conveniently.”

Hyundai also points out that the data generated by having 20 million vehicles on a connected car system will provide the basis for further technology development. This data could provide more insight into individual customer needs, creating a more personalized driving experience.

2025 will also see the introduction of new vehicles based on Hyundai’s next-generation electric car platforms. One of the platforms is called eM – which will offer a 50% improvement in range, in addition to being able to support a high level of autonomous driving. The other platform will be called eS and will focus more on utility vehicles. Both will sit on the Hyundai Motor Group’s integrated modular architecture.

The use of a single, group-wide architecture should simplify the production process and reduce costs. Paul Choo, Executive Vice President, Hyundai Motor Group, said: “These new platforms are evolving as part of Hyundai Motor Group’s ‘Integrated Modular Architecture’, which will lead to further standardization and modularization of basic components of electric vehicles, such as batteries and motors, while offering advantages in sectors complementary to electric vehicles.

Now read our review of the Hyundai Ioniq 6…