Hyundai Motor send-offs first electric car, taking on Tesla.

SEOUL, July 14 (Reuters) – Hyundai Motor Co 005380.KS on Thursday sent off its most memorable electric car, Ioniq 6, which the South Korean automaker is wagering will assist it with getting a greater portion of the electric vehicle (EV) market overwhelmed by Tesla Inc .

The Ioniq 6 is one of in excess of 31 electric models that Hyundai Motor Group – including Hyundai Motor, its affiliated business Kia Corp 000270.KS and premium brand Genesis – plans to acquaint through 2030 with secure a projected 12% of the worldwide EV market.

Hyundai’s car will extend its EV range past its ongoing hybrids and SUVs to contend no holds barred against Tesla in a well known classification.

Barring China, the world’s greatest auto market, Hyundai and Kia together represented 13.5% of the EVs transported universally in the January-May period this year, as per industry tracker SNE Research. That was second just to Tesla, which had a 22% offer in a similar period.

The Ioniq 6 will have a driving scope of around 610 kilometers (380 miles), around 30% more than the Ioniq 5 hybrid, Hyundai said.

“We are utilizing something similar (battery) cell science yet … we boosted how much batteries per each pack, improving energy thickness essentially,” said Kim Yong Wha, a leader VP at Hyundai.

The automaker didn’t unveil the cost of the Ioniq 6.

It will come in two battery pack choices – 53-kilowatt each hour (kWh) and 77.4 kWh – and will start creation at its Asan plant in South Korea in the not so distant future, Hyundai said.

The market send off timetable will be declared later.

Hyundai commonly gets batteries from LG Energy Solution Ltd 373220.KS and SK Innovation’s 096770.KS SK On, and Kia as of late embraced China’s CATL 300750.SZ batteries for its vehicles sold in South Korea yet the automaker didn’t reveal the hotspot for Ioniq 6 vehicles.

The send off comes after Hyundai reported its arrangements to assemble devoted EV plants both at home and the United States, where the Ioniq 5 and Kia’s EV 6 SUV together turned into the second-smash hit EVs after Tesla vehicles and in front of Ford Motor Co’s 000270.KS Mustang Mach-E.

“The two vehicles address two significant imperfections that earlier EV vehicles have had in the U.S. market: absence of styling and range,” Ivan Drury, Edmunds ranking director of experiences, said of the Ioniq 5 and EV 6.