News > Hyundai to trim combustion engine line-up, invest in EVs

Hyundai to trim combustion engine line-up, invest in EVs

Business Today | 28/05/2021 10:12 AM | Click to read full article

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

In April, Hyundai said it would cut the number of its gasoline models in China to 14 from 21 by 2025, while launching new electric models every year starting in 2022.