The drivetrain of the automobile has basically gone unchanged since its inception. A motor sends power to a transmission (in internal combustion engine applications) or reduction gears (in electric motor applications). That power is then sent through constant velocity (CV) joints and a drive shaft to power the wheels.
Hyundai wants to gain more interior space in EV applications by doing away with the CV joints, shortening the drive shafts, and being able to make the motors smaller and positioned directly at each corner of the vehicle. They plan to do this with the Uni Wheel.
Hyundai Uni Wheel

The Universal Wheel Drive System (Uni Wheel) just debuted at Uni Wheel Tech Day in Seoul, South Korea.
Uni Wheel moves an EV’s reduction gears inside the vacant space inside the wheel hub. This, combined with having small electric drive motors positioned just inside each wheel, allows for extremely reduced drive shaft lengths and no need for CV joints on the drive shaft.
This video explains it better than I ever could.

Wheel Articulation Without CVs
