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Exclusive: Hyundai to slash combustion engine line-up, invest in EVs - sources
by Gilles Guillaume and Heekyong Yang
Reuters Translate This Article
4 June 2021
On 4 June 2021 Reuters reported:
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 like the U.S., Europe, and China, with the goal of full electrification by 2040.
Global Good News service views this news as a sign of rising positivity in the fields of business and science, documenting the growth of life-supporting, evolutionary trends.
... Facing tightening CO2 emission targets in Europe and China, all major automakers are accelerating their shift to EVs.
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