⚡A cheap electric vehicle with 800V architecture is to come from Hyundai Motor Company (현대자동차)

🟢Hyundai carries out a successful electric vehicle transformation strategy. The company is ready to compete with the Renault 5 and Volkswagen ID.2 with a cheaper model than the Ioniq 5.

🔋Even though it was developed as a cheap model with a price target of 20,000 €, ‘IONIQ 2’ will not give up on the 800V battery and will prefer LFP cells, just like its Chinese competitors.

🚗It is known that the new model will be produced on Hyundai-Kia’s IMA (Integrated Modular Architecture) platform. The vehicle will target the European market. It seems difficult to put it on sale before 2025.

💰The South Korean manufacturer is a few steps above its European competitors in terms of developing an electric vehicle platform. The company will gain a great advantage in the competition with the transition to the second-generation platform. The fact that it can offer an 800V battery and charging facility at this price level is enough to summarize the situation alone.