https://www.cnet.com/roadshow/news/hyundai-launch-ev-dedicated-platform-2020/

Although there are no specifics on the new EV, Hyundai said in 2016 that it was aiming for electric cars with 250 miles of range by 2020. Of course, the Hyundai Kona Electric already has an EPA range rating of 258 miles.

Hyundai Motor Company confirmed the plans for the EV as part of an announcement that it will invest 45.3 trillion won (roughly $40 billion) in research and development over the next five years. Of that total, 3.3 trillion won (roughly $2.95 billion) will be dedicated to vehicle electrification and 2.5 trillion won ($2.2 billion) will be devoted to autonomous vehicles and connected-car technology. The bold five-year plan will also see Hyundai aiming to boost its automotive operating profit to 7 percent by 2022, up from 2.1 percent last year.