Hyundai Motor Group

Hyundai to slash combustion engine line-up, invest in EVs: Sources

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Hyundai to slash combustion engine line-up, invest in EVs: Sources

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the … Read more

Hyundai plans to invest $7.4 billion in US by 2025

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Hyundai plans to invest .4 billion in US by 2025

Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions. Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said Thursday that Hyundai and Kia will invest in growing its electronic manufacturing footprint to scale production and satisfy … Read more