Interest in electric cars is declining. Hyundai in Nošovice will stop production on Friday – Echo24.cz

The Hyundai car company in Nošovice in Frýdecko-Místek will stop production for one day on Friday. The reason is that demand for electric cars is low. The server said it Zdopravy.cz. Workers who stay at home will receive 70 percent of the average wage.

The automaker Hyundai assumed that the share of purely electric cars in its production will be 17 percent. However, due to low demand, it is only ten percent, which is a drop of three percentage points compared to last year. “Ten percent is not enough, but the problem is the difference against expectations. For example, we have contracted capacities with battery manufacturers. Some suppliers are on the edge of capacity in terms of demand for hybrids, “said company spokesman Petr Michník at a conference in Brno last week.

According to him, the development of the market is very unpredictable even in the coming years. He reminded that stricter emission standards will apply from next year and it is not certain whether they will be relaxed in the end. “We’re fined if we don’t sell enough low-emission cars. There aren’t many ways to solve it and those solutions don’t make economic sense. Europe either,” said Michník.

In total, the car plant in Nošovice produces 40 percent of cars with other drivers, including hybrids. Since the customers are also outside Europe, the share of cars with other drivers for Europe is even higher. “Electromobility is still a bright future for us. We are now able to produce 30 percent of electric cars and we are preparing for the step to increase the capacity to 50 percent. When that happens that will depend on the development of the market,” said Michnik. Next summer, the factory will increase battery production after rebuilding one of the halls.

Interest is currently growing in cars with internal combustion engines. So the total number of production is even higher than the production plan this year, with about 3,000 cars, said the server. More than 330,000 cars are expected to leave the Nošovice factory throughout the year, and 3,100 people work there.

The entire group, which has headquarters in South Korea, plans to increase global car production to 5.5 million in 2030, a thirty percent increase compared to last year. Two million of them are going to be electric cars, the number of models is going to reach 21. The number of hybrid models will rise from seven to 14.