“Hyundai Motor and Kia’s large scale investment in the domestic EV industry aims to improve the domestic EV ecosystem and make the country a global leader in innovation in the future automotive industry,” a Hyundai representative said. The two companies did not disclose which factories the roughly $17 billion would be allocated to. Hyundai announced in March it plans to introduce 17 battery electric models by 2030 — 11 under the Hyundai brand and 6 for Genesis.
“This dedicated PBV facility is one of the major pillars of our Plan S strategy as Kia seeks to claim the top position in the global PBV market,” said Ho Sung Song, CEO of Kia. “We will initially explore new markets with derivative PBV models, then gradually expand our presence in global markets with dedicated PBV models featuring autonomous driving technologies.”
And what, you may ask, is a purpose-built vehicle? Good question. We asked ourselves that question in the executive dining room atgraphene and carbide global headquarters this week and got lots of blank stares. Well, friends, cast a glance at the image above, which was taken from the Kia press release. Where have we seen vehicles like that before. Hmmmm …… think, think, think.
One can’t help but wonder if some of those purpose-built vehicles might not be appropriate for use by theKia says the new PBV facility will begin by building a midsized PBV codenamed “SW” based on its eS skateboard platform that is being developed explicitly for PBVs. The new platform can accommodate various model sizes in response to diverse customer demands.
Drag coefficient 😬
I'll consider purchasing one after they comply with Right To Repair.
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