Hyundai to cut combustion engine lineup, invest in EVs, report says

Hyundai Ioniq 5 — Hyundai Motor Group is boosting its EV lineup with models such as the Ioniq 5, pictured. (Hyundai Motor Company/via REUTERS)

By:

Reuters

May 27, 2021 09:10 AM

SEOUL -- Hyundai Motor Group will slash the number of combustion engine models in its lineup to free up resources to invest in electric vehicles, two people close to the automaker told Reuters.

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