During its annual CEO Investor Day event in New York, Hyundai unveiled that its inaugural extended - range electric vehicle (EREV) is slated for a 2027 launch. Production is scheduled to kick off in North America and China in 2026. EREVs are built on an electric vehicle platform and are outfitted with a gasoline engine. This engine generates electricity to charge the battery, effectively mitigating the common concern of range anxiety among drivers.

Upon its release, this model will come equipped with top - notch batteries and motors. Despite having a relatively smaller battery size, it will offer an impressive driving range that surpasses 960km. Hyundai is leveraging its self - developed high - performance batteries as a cost - cutting measure.

Moreover, the Genesis brand will start rolling out hybrid models in 2026, all of which will feature extended - range powertrains. Hyundai has set an ambitious goal of expanding its hybrid vehicle lineup to over 18 models by 2030.

EREV technology presents a viable solution to the range and towing challenges that large electric trucks and SUVs often encounter. In fact, many large vehicles in China have already embraced this technology.