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Read more about Hyundai to slash its combustion engine line-up, invest in EVs: Sources on Business Standard. The move is expected to result in a 50% reduction in models powered by fossil fuels
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Exclusive - 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.
FILE PHOTO: A Hyundai booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst
28 May 2021 08:45AM Share this content
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PARIS/SEOUL: 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 automaker added that it aims to gradually expand battery EV offerings in key markets such as the United States, Europe and China with a goal for full electrification by 2040
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