Hyundai outlines EV strategy as it struggles with cost of engine defects

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Earnings/Financials,Green,Hyundai,Kia,Electric

South Korea's Hyundai Motor pledged to boost sales of electric vehicles (EV) to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs. The announcement by Hyundai , the world's fifth largest car maker along with affiliate Kia Motors , underscores the accelerating strategy shift under Euisun Chung who became the motor group's executive vice chairman last ye

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Hyundai outlines EV strategy as it struggles with cost of engine defects originally appeared on Autoblog on Thu, 24 Oct 2019 10:24:00 EDT. Please see our terms for use of feeds.

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