Hyundai reveals new EVs, hybrids, a midsize pickup, ultra-luxury vehicles, and much more
Get ready to see a lot more Hyundai vehicles on the road. The South Korean auto giant just revealed its most ambitious growth plan ever, packed with advanced new EVs and hybrids across nearly all segments. Hyundai is also launching its first midsize pickup and an extended-range vehicle (EREV) that promises to deliver over 600 miles (960 km) of range.
Hyundai bets on new EVs, hybrids, EREVs, and trucks
During its first CEO Investor Day held outside of Korea, Hyundai unveiled “its most ambitious growth strategy” in company history.
Hyundai is promising to lead the industry’s shift to electrification with a slate of new vehicles set to launch across nearly every powertrain and segment imaginable.
“In an industry facing unprecedented transformation, Hyundai is uniquely positioned to win,” José Muñoz, President and CEO of Hyundai Motor Company, said during the event held in New York on Thursday. Hyundai isn’t simply adapting, “We’re leading it,” Muñoz told attendees.
Hyundai plans to sell 5.55 million vehicles globally by 2030, including 3.3 million “electrified” vehicles, or about 60% of total sales.
With 18 new hybrids, including the first under its luxury Genesis brand, Hyundai expects “significant growth” in North America, Europe, and Korea.
Hyundai said the new vehicles, including EVs and hybrids, will be custom-tailored for buyers in its biggest markets.
Custom-tailored vehicles for the US, Europe, and China
In North America, Hyundai will launch its first midsize pickup by the end of the decade. Hyundai offers the Santa Cruz, which launched in 2021, but the company promises the new model is aimed at “the heart of the US market.”
Those in Europe will see the IONIQ 3, a smaller and more affordable little sibling to the IONIQ 5. It will feature a next-gen infotainment system, Hyundai said, specifically designed for drivers in Europe.
Hyundai announced plans to introduce its first extended range electric vehicle (EREV). Set to arrive in 2027, Hyundai said the new EREV will deliver an “EV-like driving experience with more than 600 miles (960 km) of range” that will use an added gas-powered engine to extend range.
Unlike traditional EREVs, however, Hyundai will use in-house batteries, which it promises will deliver “full EV power performance with less than half the battery capacity.”
In China, Hyundai will take on BYD and other automakers, leading the shift to EVs, with its new Elexio electric SUV. The Elexio SUV is Hyundai’s first locally produced electric vehicle using tech and software from Chinese leaders.
Wait, there’s even more
We will also see seven new high-performance “N” models added to the lineup by 2030. Hyundai aims to sell 100,000 N-branded vehicles by the end of the decade. The new IONIQ 6 N “will introduce a new paradigm for high-performance EVs,” the company said, with advanced new features and tech.
The luxury Genesis brand is celebrating its 10th anniversary with big growth plans over the next few years, including new EREVs, hybrids, and a flagship SUV.
The flagship Genesis electric SUV is expected to launch as the GV90, which we’ve seen out in public testing with ultra-luxury features, including coach doors.
Hyundai announced plans to ramp up production at its Metaplant America (HMGMA) EV plant in Georgia. With a new $2.7 billion investment, the company is creating 3,000 more jobs in Georgia. By 2028, Hyundai plans to build 500,000 hybrid and EV models at the facility annually.
By 2030, Hyundai expects over 80% of vehicles sold in the US will be made domestically. Its supply chain sourcing in the US will also increase from 60% to 80%.
Globally, Hyundai plans to add 1.2 million units to its production capacity by the end of the decade, including in the US, South Korea, and India.
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First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.
The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.
The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.
The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.
Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.
First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”
This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.
Read more: First Solar pours $330M into a new South Carolina solar factory
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No, it’s not the new Bolt. GM’s design team previewed a new high-riding “sporty Chevrolet EV” that should be brought to life.
Is Chevy launching a new sporty EV?
This is the all-electric vehicle Chevy should sell in the US. General Motors’ design team released a series of sketches previewing a sporty new Chevy EV.
Although it kinda looks like the new 2027 Chevy Bolt EV as a higher-sitting compact crossover SUV, the design offers a fresh take on what it should have looked like.
The new Bolt is essentially a modernized version of the outgoing EUV model with a similar compact crossover silhouette. Nissan adopted a similar style with the new 2026 LEAF as buyers continue shifting from smaller sedans and hatchbacks to crossovers and SUVs.
Will we see the sporty Chevy EV in real life? It’s not likely. For one, the “exploration sketch” is by GM China Advanced designer Charles Huang.
GM Design posted the sketches on its global social media page, but the caption read “Sporty Chevrolet EV for the China Market.”
It’s too bad. The Bolt could use a sporty sibling like an SS variant. Chevy introduced the Blazer EV SS (check out our review) for the 2026 model year, its fastest “SS” model yet. Packing up to 615 horsepower and 650 lb-ft of torque, the Chevy Blazer SS can race from 0 to 60 mph in 3.4 seconds when using Wide Open Watts (WOW) mode.
Will the Bolt be next? I wouldn’t get my hopes up. And if GM does bring the sporty Chevy EV to life, it will likely only be sold in China. Like all the fun cars these days.
What do you think of the design? Would you buy one of these in the US? Let us know your thoughts in the comments.
While deliveries of the 2027 Bolt are set to begin in early 2026, Chevy is offering some sweet deals on its current EV lineup, including up to $4,000 off in Customer Cash and 0% APR financing for 60 months.
Ready to test drive one? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.
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Environment
Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.
The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:
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