And the Audi e-tron GT.
The all-new Hyundai Ioniq 5 is just the beginning of the South Korean automaker's battery-electric agenda. Underpinning the retro-inspired crossover-hatchback blended body style is the E-GMP dedicated EV modular platform, and it'll serve as the basis for the upcoming Ioniq 6 and 7 models, and the just-announced Kia EV6.
Hyundai's new architecture will have to withstand serious competition from rival automakers, not only Tesla. General Motors has its Ultium setup and Volkswagen continues to make improvements to its MEB platform that underpins the ID.4. But Hyundai Motor Group has just secured a deal that'll place its EV setup ahead of the pack.
It has just signed a deal with Vitesco Technologies, the powertrain offshoot from Continental, to provide 800-volt inverters for the E-GMP platform. Its new order contract with Hyundai is for a sales volume in the "triple-digit million Euro amount." Why is this interesting? Because most current EVs utilize a 400-volt inverter, though there are two far more expensive exceptions: the Porsche Taycan and Audi e-tron GT. Oddly, Tesla has not yet decided to switch to 800 V.
Double voltage advantages for drivers are numerous, such as higher power output, improved efficiency, and shorter charging times. Vitesco claims its 800-volt system can be charged to 80 percent capacity in less than 20 minutes.
Both GM and Rivian are planning to upgrade to the higher voltage in the near future, while Maserati has pledged its new EVs will all pack 800-volt technology. Vitesco's inverter utilizes semiconductors made from silicon carbide in order to extract the maximum potential from the high-voltage architecture and still provide maximum efficiency.
This will serve Hyundai well towards its goal to launch 23 new electric vehicles by 2025, 11 being purely battery-powered. It also aims to sell over one million electrified vehicles globally by that time. Recognizing the increased demand for 800-volt inverters, Vitesco is developing various related components based on the same voltage, such as DC-to-DC converters, battery management, and even charging stations.