Many people may not be aware, but Hyundai is already the 4th largest electric car manufacturer with a global share of about 8% in 2020, up from 6th place in 2019. This is a result of the company’s release of popular models such as Kona Electric, Ioniq Electric, and Kia’s Soul Electric, and E-Niro. Hyundai will build on this momentum to the next level to become the world’s top electric car manufacturer with the introduction of the company’s first dedicated electric car platform called E-GMP. Short for Electric-Global Modular Platform, the E-GMP is a skateboard-style foundation for battery electric vehicles and will serve as a building block for the group’s upcoming onslaught of new electric vehicles with various body styles, from coupes to SUVs. The first of the new E-GMP based cars are a trio of SUV. These include Ioniq 5, which is based on the Hyundai 45 concept, Kia CV, which is based on the Imagine by Kia concept, and Genesis JW, which is based on the Genesis Mint concept. These new electric SUVs will all be released around the same time in the first half of 2021 at the price of between $45,000 to $55,000.