Revealed by Hyundai CEO José Muñoz, the carmaker remains bullish of hitting its target of 5.5 million global vehicle sales by 2030. Out of this number, 60 percent—3.3 million—will be electrified. Among its plans is to introduce their very own range-extended electric vehicle (RE-EV) technology by 2027.

Unlike conventional REEVs currently offered in the market, these vehicles will utilize Hyundai’s cutting-edge high-performance batteries, helping these vehicles achieve full EV power performance with less than half the battery capacity. All in all, this improves accessibility to electrified vehicles while maintaining exceptional range (around 960 kilometers in real world conditions) and eliminating range anxiety.

To further demonstrate its point in battery leadership, Muñoz revealed that in an analysis from over 50,000 Ioniq 5 owners, including units driven more than 400,000 kilometers, most vehicles manage to retain more than 90 percent battery performance.

From that starting point, the carmaker is aiming for batteries with 15 percent higher energy density, 15 percent shorter charging times, and 30 percent cost reduction dramatically strengthening its EV competitiveness. These batteries are also equipped with exclusive safety layers include separation barriers, ultra-safety relays, refractory shields and safety vents preventing thermal runaway and safeguarding against fires.

Hyundai’s new REEV and battery technology will power a wider array of electrified vehicles, some of which are tailored for specific market requirements. These, for example, include the Ioniq 3 for Europe, the Elexio SUV and an unnamed C-segment EV sedan for China, and even a mid-size pickup truck for North America. They will be complemented by a global EV line-up, consisting of the Ioniq 5, Ioniq 6, and Ioniq 9.

For enthusiasts, Muñoz has also confirmed that its high-performance N line-up will grow to more than seven models by 2030, targeting sales of over 100,000 units.