TAM, which we've spied before, is a city-car/mini-MPV based upon the Hyundai i10.
By Winter 2012, Kia hopes to sell more than 2,000 units, with the car featuring unique styling.
Kia will then introduce another compact EV in first half of 2014.
Hyundai Motor Group to Expand EV Development
- Hyundai and Kia to introduce compact-size electric vehicle (EV) models in 2015 2H and 2014 1H, respectively
- Hyundai to focus on cutting CO2 emissions and developing diverse energy-based eco-friendly models
Hyundai Motor Group announced today that it would expand its electric vehicle line-up to include the compact segment.
At the ‘Green Car Symposium' hosted by the Korea Automobile Journalist Association (KAJA) in Gwangju, Hyundai Motor Group presented ‘Hyundai's Green Car Global Leading Strategy.' Following Hyundai's ‘BlueOn,' Kia plans to launch a box-style small electric vehicle in the light-CUV segment at the end of this year. Hyundai Motor Group will later expand the line-up to include plug in electric hybrid and compact-size electric vehicle.
Hyundai Motor Group has been concentrating on upgrading technologies and performances through operating a small test fleet of Hyundai BlueOn which was introduced in September 2010. Based on the test operation results, the Group is now scheduled to mass-produce ‘TAM,' targeting to provide a total of over 2,000 units by the end of 2012.
Like Hyundai BlueOn, which was developed based on the small ‘i10' model, ‘TAM' is also based on Kia's small model.
Hyundai has been focusing on small-sized electric models, considering limited battery technologies and its high cost. However, as the world's eco-friendly car market enters a mature phase and battery technology improves, compact-size electric vehicle models are expected to be mainstream.
Based on accumulated technology know-how earned from the development of small EVs, Hyundai will be able to successfully launch compact-size EVs, aggressively responding to global demands. Hyundai will minimize risk in the eco-friendly market by developing a wide variety of alternative energy-based models and stay prepared ahead of the expanding global green car market.