Hyundai, at its 2024 CEO Investor Day, has revealed that it is currently developing a new series-hybrid tech for its future models. The EREV (Extended Range Electric Vehicle) is being developed under the Hyundai Dynamic Capabilities strategy, and will combine internal combustion engines along with electric motor(s).
Hyundai is working on introducing a range of new EREV models that will have a combined range of over 900km (ICE + EV). The tech will primarily be aimed at the North American and Chinese markets. The company says that the system will also enable four-wheel-drive with the application of two electric motors.
In a series hybrid system, also called “range extender”, the internal combustion engine works only as a generator, so instead of directly powering the wheels, the system is connected to an electric motor that, in turn, drives the wheels.
The EREV essentially aims for cost competitiveness by reducing the usage of high-cost larger-capacity batteries. The new EREV tech will enter production in 2026, followed by a launch in 2027. The hybrid tech will also help the company address the slowing demand of EVs.
Furthermore, the Korean manufacturer aims to build a full line-up of EVs ranging from affordable models to luxury and high-performance ones, with a total of 21 models planned by 2030. Hyundai also revealed its plans to expand its hybrid line-up from 7 to 14 models (including luxury-arm Genesis).
Hyundai’s biggest rival in India, Maruti Suzuki, had recently also confirmed the use of a similar range-extender hybrid system for future low- and mid-level hybrid electric vehicles (HEVs). It will be different from Toyota’s series-parallel hybrid system that is seen on the Grand Vitara and Invicto. The Fronx facelift that's due next year will be the first model to get Maruti's in-house strong hybrid tech.