Hyundai Enters the Electric SUV Market
Hyundai has made a bold move by opening pre-sales for its first dedicated electric SUV, the EO, in China. Priced at just 130,000 yuan (approximately $18,300), this electric vehicle aims to compete directly with the likes of BYD and other local automakers. With this launch, Hyundai is looking to reclaim its footing in a market that’s rapidly evolving towards electric mobility.
Key Features of the Hyundai EO
The EO is built on Hyundai’s innovative E-GMP platform, featuring two LFP battery options: 64.2 kWh and 88.112 kWh. This gives the EO impressive CLTC ranges of up to 722 km (448 miles), making it a great choice for daily commutes or weekend getaways. Additionally, Hyundai has designed the EO specifically for Chinese consumers, offering three trims—Fun, Smart, and Tech—with prices ranging from 130,000 to 150,000 yuan ($21,000).
Potential for Global Expansion
Although primarily targeting the Chinese market, whispers of the EO making its way to international shores have begun. Hyundai Australia’s CEO, Don Romano, hinted at the possibility of the EO launching in other markets, underscoring the vehicle’s potential. As electric SUVs continue to gain traction globally, Hyundai is positioning itself as a competitive player, especially with the recent price reductions on the Ioniq 5, making EVs more affordable.
