Like most of its peers, Hyundai Motor Group is preparing for an EV future.
Hyundai Motor Group, responsible for the Genesis, Hyundai and Kia brands, is reportedly in the process of winding down development of internal-combustion engines to fully focus on electric powertrains.reported last week that HMG has closed the engine development department located at its main R&D center in Hwaseong, South Korea, with staff to be transferred to departments developing electric motors, batteries and semiconductors.
The news is backed by comments made by Hyundai R&D chief Park Chung-Kook in an employee email seen by The Korea Economic Daily. “Now, it is inevitable to convert into electrification,” he said. “Our own engine development is a great achievement, but we must change the system to create future innovation based on the great asset from the past.”
The news isn't a huge surprise given pledges made by many automakers to offer full EV lineups within a decade. Among them is Genesis which in September said it plans toHyundai and Kia have also announced plans to launch multiple EVs in the coming years. For example, Hyundai already offers the Kona, Ioniq Electric, and Ioniq 5 in the U.S., and in the coming years will add an
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