Just like the Kia Niro EV, the Hyundai Kona EV will be third powertrain option for the new vehicle. First, Hyundai will sell the standard powertrain version, followed by a plug-in hybrid Kona. Then, later next year, Hyundai will release a pure electric version of the Hyundai Kona crossover utility vehicle.
Original reports were that the Kona would have a 40 kWh battery pack, and while that’s still true, we’ve just learned that the Kona EV will also come with a larger, optional, 60 kWh lithium ion battery pack built by LG that should be good for around 210 miles of range.
Along with class-leading EV range, the Kona Electric will have a full suite of electronic safety features and will have the capacity to quick charge at 150 kW chargers.
Pricing for the Kona Electric is expected to be under $40,000 USD.
Global Electric Vehicle Battery Market was valued at USD 17.4 billion in 2017 and will register a CAGR of 11.4% between 2017 and 2028. The electric vehicle battery market has witnessed immense growth post 2011 and is expected to maintain its growth trajectory to another 10 years. Considering the overall profitability, many new players emerged in the market.
The global electric vehicle battery market is substantially consolidated with BYD and Panasonic accounting for nearly 51% of global share. Companies are investing a significant share of revenue in R&D in order to develop innovative and technically advanced products. EVB ecosystem is primarily dependent on innovation in the battery technology. Growth will be further fueled with increasing demand for long range electric vehicles. Companies need to agile enough to catch with latest technology and in turn scale up the production globally.