Hyundai IONIQ Electric production to increase by 50 %

Hyundai IONIQ trio (Hybrid, Electric and Plug-in Hybrid variants)

Currently, potential buyers of the Hyundai IONIQ Electric have to wait 4 to 5 months before delivery – in some markets even more. However, Hyundai wants to solve this problem and increase production by 50 % from 1.200 to 1.800 units per month at its plant in Ulsan, South Korea.


A representative for Hyundai Motor Company said that:

“As current amount of requests for IONIQ Electric is higher than our initial prediction, we are going to increase output of IONIQ Electric for South Korean market from 600 to 900 according to requests from South Korean Government and local government organizations and apply our plan in July at the earliest.”


Considering that half of the production is to supply the South Korean market, while the other half is destined for foreign markets, a total of 1.800 monthly units still seem low, especially since roughly only 900 are destined for Europe and USA combined.


Anyways, another production increase is already expected:

“Because we expect that demands for IONIQ Electric will continue to increase in the future, we are planning to increase an output of IONIQ Electric in South Korean market up to 2.000 per month”.


This means that the total production output will be 4.000 monthly units – considering that Hyundai keeps splitting it the same way. Leaving 2.000 units for Europe and the USA.


It’s curious that this production increase announcement came roughly at the same time as Business Korea reported that the Hyundai IONIQ production was being held up by battery shortage, which I find hard to believe, since the LG Chem battery cell production capacity in South Korea is huge.


LG Chem EV battery global production


The only “problem” I see is that Hyundai initially ordered not enough EV batteries (6.000 to 7.000) from LG Chem to produce the IONIQ Electric. They can easily solve this “problem” by ordering more batteries at a better kWh price… Increasing production seems to me a good problem to have/solve.


To finalize, a South Korean ME (Ministry of Environment) representative added the following:

“Private supply business will gain momentum as amount of supply of IONIQ will increase starting from second half of this year and as battery-electric vehicles such as ‘Soul EV’ and ‘SM3 Z.E.’ that have high competitive edge in price are released.”


Summing up, having to increase production is a good problem to solve and there isn’t a battery cell shortage in South Korea. On the other hand, legacy automakers have to figure out how to decrease production of their internal combustion engine (ICE) cars very soon. That seems to be a lot more problematic than ordering more batteries…



More info:

Pedro Lima

My interest in electric transportation is mostly political. I’m tired of coups and wars for oil. My expectation is that the adoption of electric transportation will be a factor for peace and democracy all over the world.

Notify of
Inline Feedbacks
View all comments
4 years ago

I just discovered this amazingly refreshing EV blog that actually provides balanced EV news. This means that I can resume reading EV news without fearing to get an indigestion of news related to one single North American EV brand.
Thank you so much ! I was about to loose hope.

4 years ago

Fair comment, except it that without TESLA, EV production would be TEN YEARS behind where it is now.
Someone had the vision and determination to DO IT! We all owe Elon Musk a huge debt of gratitude.