Affordable EVs are on the way. Hyundai plans to launch a cheaper electric vehicle,

the IONIQ 2, that will sit below the popular IONIQ 5 SUV.

Hyundai is doubling down on its plans to become a top three EV maker by 2030.

The Hyundai Motor Group (including Kia) plans to sell 3.6 million EVs by the end of the decade.

Hyundai hit a new export record last month, driven by surging demand for EVs.

The company says its EVs are “playing a major role” in helping them secure leadership in the global electric vehicle market.