Hyundai announced new SUVs lineup for 2021and future air taxis plans

Hyundai Motor Co announced the plan on Monday to increase its portfolio by introducing new SUVs in 2021 and company also looking ambitious to launch first urban air taxis by the end of the current decade.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


The president and CEO and Hyundai Motor North AmericaJose Munoz said that people are looking for autonomous vehicles as well as electric vehicles. He passed this statement when investment in Robotic-taxis has declined due to the current pandemic and even normal vehicle sales have been declined.

Hyundai looking hopeful to increase people’s interest by introducingall-new Santa Cruz,with a pickup bed and the Ioniq 5 crossover which would be the company’s first electric vehicle.

The company is also reintroducing the new Tucson crossover early next year which will go into production at Hyundai’s Montgomery, Alabama plant. The same facility will be used for the production of Santa Cruz after the company invested $410 million in the expansion of the Alabama plant.

Munoz said that the company is looking excited to work with the new Biden administration to develop infrastructure to support battery-electric and hydrogen-electric vehicles. The Hyundai CEO said that the Biden is much interested in Hyundai’s work with Motional, which is $4 billion joint venture with Aptiv PLC to develop self-driving technologyand its partnership with Uber Technologies on urban air taxis. The Hyundai is hoping that those air taxis will be operational at few U.S. airports by t 2028 or maybe early.

Munoz said that Hyundai is already in developing phase of air taxis which will be powered by electric motors and batteries that would be able to transport five to six passengers from populated areas to the airports.

LEAVE A REPLY

Please enter your comment!
Please enter your name here