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Reuters exclusively reports Hyundai’s push into EVs

Automotive

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

Reuters

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