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Hyundai Motor Dismisses Its Entire Engine Development Center on Way to ElectrificationHome > News > Industry28 Dec 2021, 15:58 UTC · by Cristian AgatieHyundai signals the end of the combustion engine with the closing of its engine development center, in a shocking move that relates to the recent company re-organization. According to Korean media, the automaker’s powertrain group was reorganized into an electrification development group.
Hyundai Will Invest $7.4 Billion in the U.S. and Have a New Electric Car PlatformHome > News > Industry26 Dec 2021, 11:45 UTC · by Gustavo Henrique Ruffo It was already clear that Hyundai was fully committed to electric cars. The IONIQ 5 is considered a brilliant piece of engineering, and there are more IONIQ models to join the family: a larger SUV (IONIQ 7) and a sedan (IONIQ 6). However, Automotive News discovered elements to that commitment: a $7.4 billion investment in the U.S. and a new EV platform.
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