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Automotive

Reuters exclusively reports Hyundai’s push into EVs

Reuters reported exclusively that Hyundai Motor Group will slash the number of combustion engine models in its lineup to free up resources to invest in electric vehicles (EVs). The move will result in a 50% reduction in models powered by fossil fuels, one person close to the South Korean automaker told Reuters, adding that the strategy was approved by top management in March. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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