Hyundai to launch four EV models in 2021 after sales jump

Automaker's operating profit up 41% in 4Q on sales of luxury Genesis cars

20210126 hyundai earnings

Hyundai, South Korea's top automaker, controlled 5% of the global EV market last year. © Getty Images

KIM JAEWON, Nikkei staff writer

SEOUL -- Hyundai Motor said Tuesday it will launch four electric vehicle models this year, after revealing earlier this month it is in talks with Apple and other companies to develop self-driving EVs.

South Korea's largest auto manufacturer, which reported robust fourth quarter earnings the same day, said it will add four EV models to its lineup in 2021, including one in China and another in Europe. Hyundai sold 100,000 electric cars last year, up 55% from a year ago, giving it a 5% share of the global market.

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