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Hyundai bets big on crossovers sporting diesel, electric, hydrogen powertrains by 2020

Hyundai announced a very aggressive crossover strategy for the next couple of years, with a total of eight vehicles launched between now and 2020. One of those is the already revealed sub-compact Hyundai Kona. The other seven crossovers range in size and fuel types, and Miles Johnson at Hyundai confirmed to us that all of them will be coming to the U.S. The first to launch is the aforementioned Kona, coming in early 2018. Also coming early that year is an unnamed hydrogen fuel cell vehicle. This hydrogen crossover will likely be sized and styled similarly to the FE Fuel Cell Concept shown at this year's Geneva show. A previous report about the production version stated that it would have a range of about 360 miles. Later that year will be two unnamed crossovers without any indication of size. They will also be joined by an electric crossover. In 2019, Hyundai has three crossovers planned for release. Early in the year will be a diesel-powered crossover. Hyundai gives no indication of what segment it would compete in, but so far we've only seen diesels in compact crossovers such as the Chevy Equinox diesel and upcoming Mazda CX-5 diesel. Mid-year will welcome a midsize crossover, and the year will be capped off with an A-segment crossover. Johnson also confirmed that this A-segment crossover will be smaller than the Kona. It could be an outright replacement for the Hyundai Accent hatchback, which did not return to the U.S. with the new sedan. Though we don't have much information regarding the unnamed and unspecified crossovers in the plan, Johnson did confirm that some of the crossovers in this rollout will include redesigned versions of existing offerings. This may include a new Santa Fe and Santa Fe Sport, or whatever the Santa Fe Sport will become. The company has previously stated that the Santa Fe Sport will be resized and probably renamed, and the regular Santa Fe would be larger the next time around. These changes would also make room for another small to midsize crossover. Related Video: Image Credit: Hyundai Green Hyundai Crossover SUV Diesel Vehicles Economy Cars Electric Future Vehicles Hydrogen Cars hyundai kona

How Hyundai lost momentum, and will 'take a few years' to recover

SEOUL/DETROIT/CHONGQING, China — At a near-empty Hyundai Motor showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world's largest auto market. Even with discounting of as much as 25 percent, his dealership was selling barely a hundred vehicles a month, said the manager surnamed Li. A nearby Nissan dealership was selling about 400 vehicles a month, a store manager there said. "The sales are simply poor," Li told Reuters. "Look at the Nissan store next door, they have tens of customers while we just have two." An hour's drive away is Hyundai's massive $1 billion manufacturing plant, which opened last year with a target to produce 300,000 vehicles per year. But with sales weak and the Chinese auto market slowing sharply, the factory is running at roughly 30 percent of capacity, two people with knowledge of the matter said. The sources asked not to be identified because the information was not public. Hyundai, the world's fifth largest automaker, declined to comment on the Chongqing plant's production or the showroom's sales but said it is "closely cooperating" with local partner BAIC to turn around the China business. BAIC did not respond to requests for comment. Hyundai's woes mark a major reversal for the automaker which was an early success story in China as it quickly and cheaply rolled out popular new models into a surging market. In 2009, Hyundai and partner Kia's combined sales ranked third in China after General Motors and Volkswagen. The South Korean duo now ranks ninth, and its market share in China was 4 percent last year, from more than10 percent at the beginning of this decade. Executives and industry experts say Hyundai conceded its once stronghold in the low-end segment to fast-growing Chinese rivals such as Geely and BYD. Foreign rivals not only defended their turf in premium segments but also kept pricing competitive for mass-market models, squeezing Hyundai's positioning as an affordable foreign brand, they said. In the United States, the world's second-biggest auto market, Hyundai's market share fell to 4 percent last year, near a decade low. Hyundai ran into problems in China and the United States for similar reasons: It missed shifts in consumer tastes, especially the surge in demand for SUVs, and it sought higher prices than its brand image could command, four Chinese dealers and half a dozen former and current U.S.

China sticking to its guns on EVs for the future

Automakers are obviously free to develop whatever next-gen, zero-emissions tech that they want. However, if a company wants to get on the good side of the Chinese government, that strategy better include some plug-in vehicles. The authorities there are lending major support to plug-ins at the moment, and its forcing the auto industry to play along. According to Bloomberg, Toyota, Volkswagen, Hyundai, and BMW are all launching dedicated EV brands with their joint venture partners, and as many as 40 electric models could hit the Chinese market this year alone. However, analysts don't think the vehicles are going to sell well. Instead, the launches are essentially a way for companies to play nice with the government and help get the approval to build factories in the country. Take Toyota as an example. The company is pushing the future of hydrogen hard with promotional films for the Mirai and engineers talking down fast-charging EVs. Still, the Japanese automaker is getting ready to launch two EV brands in China with its joint venture partners, according to Bloomberg. China's push for alternative fuels has been happening for a while, but it really kicked into high gear last year. The government has set a goal to improve fleet-wide economy by 40 percent by the end of the decade in order to spend less importing oil and for the population's health. The plan has shown some success so far with hybrid and EV sales growing early in 2015. Related Video: News Source: BloombergImage Credit: Kin Cheung / AP Photo Government/Legal Green BMW Hyundai Toyota Volkswagen Green Culture Technology Electric tax incentives chinese government