Hyundai Unveils Ambitious Plans for Mid-Size Pickup Truck

Reports on manufacturing, labor and earnings with clear, practical context. Drives a Tesla Model 3 RWD; family hauler is a Volvo XC60.
In a bold move to expand its footprint in the competitive U.S. automotive market, Hyundai has announced plans to introduce a mid-size pickup truck by the end of the decade. This announcement, made during the company's CEO Investor Day, signals Hyundai's ambition to compete directly with established models such as the Toyota Tacoma and Chevy Colorado. The new vehicle is expected to feature a body-on-frame design and may lead to the development of a corresponding SUV variant.
Hyundai's decision to enter the mid-size pickup segment marks a significant strategic shift for the company, which has so far only ventured into the truck market with the compact Santa Cruz. Unlike the Santa Cruz, which is built on a unibody platform shared with the Hyundai Tucson crossover, the upcoming mid-size truck will utilize a more robust body-on-frame architecture. This design choice is aimed at delivering the durability and off-road capability demanded by pickup truck enthusiasts. Hyundai CEO José Muñoz highlighted the potential for an SUV variant, which could compete with rugged models such as the Toyota 4Runner and Ford Bronco.
The new pickup is expected to leverage Hyundai's existing hybrid technology, possibly incorporating the 329-horsepower system used in the Palisade Hybrid. This powertrain, featuring a turbocharged 2.5-liter inline-four engine, would position the vehicle as a capable and efficient contender in the segment. By integrating hybrid technology, Hyundai aims to appeal to environmentally-conscious consumers without sacrificing performance. The pickup's production will be an in-house endeavor, distinguishing it from the company's partnership with GM, which focuses on producing vehicles for the South American market.
The development of a new body-on-frame platform could also pave the way for future collaborations and innovations within Hyundai's global lineup. While details about the platform remain scarce, industry observers speculate that it may share components with the Kia Tasman pickup, a model available in international markets. A four-door crew cab configuration is likely, reflecting the predominant design trend in the mid-size truck segment. This approach could enhance the vehicle's appeal by offering versatility and space to potential buyers.
Hyundai's entry into the mid-size truck market is not without its challenges. The segment is fiercely competitive, with established players like the Toyota Tacoma and Chevy Colorado commanding significant market share. However, Hyundai's move is a calculated gamble that taps into the growing consumer interest in versatile and rugged vehicles. If successful, the new pickup could bolster Hyundai's position in the U.S. market, providing the company with a lucrative new revenue stream. As the launch date approaches, Hyundai is expected to reveal more details about the truck's capabilities and features, which will be critical in differentiating it from its competitors.

About Priya Nair
Reports on manufacturing, labor and earnings with clear, practical context. Drives a Tesla Model 3 RWD; family hauler is a Volvo XC60.