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Hyundai Motor's mass production of 'X Convertible' is visible···The possibility of mass production in 2026
Start of electric motor development - It takes 4 years to mass-produced
The Genesis X Convertible. /Photo=Hyundai Motor
[Sisa Journale=Reporter Jeong Yong-seok] U.S. electric vehicle company Lucid signed a business partnership to provide powertrain and battery-related technology to British luxury sports car brand Aston Martin in June last year. Eston Martin pays Lucid a whopping 300 billion won in stock and cash for three years of technology. That's as much as 10% of Eston Martin's electrification strategy budget (£2 billion). It is evaluated that cooperation with Lucid, which has a high-performance twin-motor drive, was urgently needed to produce ultra-high-speed electric vehicles.
In the midst of this, Hyundai is also known to be interested in Lucid's high-performance electric motors. According to the industry on the 27th, Hyundai Motor's CEO Jang Jae-hoon visited the headquarters of Lucid in California earlier this year.
An industry official familiar with Hyundai Motor's trends said, "President Jang sent a photo taken with Luke Donker Volke, Chief Creative Officer (CCO) of Hyundai Motor Company, and Lucid's official, and reported the business trip to Hyundai Motor Group Chairman Chung Eui-sun. It was a place for the two companies to discuss cooperation related to electric motors."
As Hyundai Motor Group plans to launch a sports car for the premium brand Genesis, it is interpreted as an attempt to join hands with the Lucid side for a high-performance electric motor. Genesis has plans to launch all models as electric vehicles by 2025. As it is a premium brand, it is evaluated that high-performance sports car models based on electric vehicles are also needed.
An electric motor mounted on a Lucid Air Sapphire. Photo = Lucid
Combining the coverage of this paper, Hyundai Motor has started to develop Genesis sports cars, such as recruiting in-house development personnel. The domestic No. 1 open car is expected to be based on the Genesis X (X) convertible. The 'launch of the Genesis sports car' was confirmed as Donker Volke CCO revealed its plans for mass production of open cars at the Genesis Dealer Annual Meeting in the United States early last year.
According to the industry, the unit price of the electric motor produced by Lucid is 5 million won per unit. The price is also the price, but the problem is that it takes at least 4 years from the start of development of high-performance electric motors to mass production.
There are rumors that the Genesis sports car will be produced in small quantities in 2026. It is analyzed that time is running out to develop a new high-performance electric motor in more than two years. Considering the development period of the new electric motor, it is evaluated that Hyundai's application of Lucid's high-performance electric motor is relatively efficient in terms of time and cost.
The motors for electric vehicles produced by Lucid are rated as one of the most power-dense products in the world. Lucid's twin motor air has emerged in the luxury electric vehicle market, which features long-distance driving and high-performance specs. Aston Martin, which has established a partnership with Lucid, is expected to equip Lucid's twin motors in future electric vehicles to be mass-produced.
The Genesis Independent Exhibition Center operating in New Jersey, USA. / Photo=Genesys U.S. Corporation
It is said that the two companies are currently going through a coordination phase regarding the details of the contract, such as the price of the electric motor and the applicable model. However, Hyundai Motor said, "I can't confirm it" in this regard.
The industry believes that the combination of needs between the two companies is likely to go smoothly. Lucid plans to abandon the 'premium electric vehicle' brand that it has maintained for a long time, and consider the vehicle development cycle (3 years and 6 months) to introduce an electric car worth $50,000 (65 million won) as early as 2025.
The competition for low-cost electric vehicles is intensifying due to the current situation of electric vehicles (temporary demand), so it is judged that the market situation is not good to carry out the strategy of selling only high-performance vehicles. If Lucid is provided with technical cooperation related to Hyundai's electric vehicle platform 'E-GMP', it is expected to shorten the development cycle and cost.
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Keywords #Hyundai Motor #Hyundai Motor Group #genesis #Sportscar #X Convertible #Lucid #Electric Motor #Motor
