Korean carmakers to bolster lineups with EVs, hydrogen models

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Korean carmakers to bolster lineups with EVs, hydrogen models - Korea Economic Daily

Quick Summary:

Hyundai Motor, the country’s largest carmaker, will commence the mass production of the hybrid variant of Palisade, its flagship three-row SUV, from this month, according to automobile industry sources on Wednesday.Equipped with 2.5-liter turbo engine and electric motor, it is Hyundai’s first hybrid SUV model.

Hyundai Motor Co.and other South Korean carmakers will release various types of new models ranging from hybrid sport utility vehicles (SUVs) and electric trucks to revamped combustion engine cars in 2025 to cope with a slowdown in domestic demand and the prolonged EV chasm.

The Initium, a second-generation model of the hydrogen fuel cell electric vehicle Nexo, will be mass-produced from the first half of this year.Around March, Kia Corp.'s first-ever truck Tasman will hit the domestic market.