Hyundai Motor Group has announced its plans to expand its battery-electric vehicle line-up from the current 8 models to 23 by 2025. The company has also stated that by the middle of this decade it targets to sell 1 million electric vehicles annually, across its internet markets.

Last month, the South Korean carmaker announced the introduction of its new electric vehicle-only platform, which uses the company's own battery technology to cut production time and costs. Called the Electric Global Modular Platform (E-GMP), Hyundai expects the new platform will allow it to use its own battery module technology across various EV models and cut the number of components by 60 per cent. 

Sharing the plan regarding  EV, Euisun Chung, Chairman, Hyundai Motor Group, said, "With the launch of new vehicles based on the recently released electric vehicle platform, the E-GMP (Electric-Global Modular Platform), we plan to provide attractive eco-friendly mobility options that aptly reflect customers' diverse tastes and needs at more reasonable prices."

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