Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
Hyundai Motor Group said that it plans to invest a total of 21 trillion won through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai Motor Co and Kia Corp, plans to annually build 1.44 million units of EVs in South Korea by 2030. […]
Exclusive Hyundai to slash combustion engine line-up, invest in EVS
Hyundai Motor Group will slash the number of combustion engine models in its line-up. This is to free up resources to invest in electric vehicles (EVs). This move will result in a 50% reduction in models powered by fossil fuels, adding the strategy was approved by top management in March. This was reported to the […]