From PC Mag: Hyundai unveiled a new EV strategy, which starts with a short-term focus on hybrids and ends with a full lineup of 21 EVs by 2030, when it expects demand for electric cars to pick up.
Also in 2030, Hyundai will debut a more affordable battery for entry-level models. It promises 20% better performance, thanks to "ongoing improvements in battery energy density," says Hyundai. The company did not mention any estimated vehicle prices or range.
The battery will have a nickel-cobalt-manganese (NCM) chemistry, which is often used today on more expensive EVs because of its higher energy density. For entry-level models, lithium iron phosphate (LFP) batteries have become common as an affordable alternative.
Hyundai will still offer its "performance-based" NCM batteries, as well as low-cost LFP batteries. It sounds like the new, affordable NCM battery will act as a goldilocks option. Solid state batteries are also still on the horizon, though Hyundai not mention when they may be available.
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