Hyundai Shuts Down Engine Development Team With Focus On Electric Cars
Hyundai has announced the closure of its internal combustion engine development team as the automaker focuses on electric cars.
For 40 years, the Korean automaker has been developing internal combustion engines for use in its vehicle lineup, but no more.
the Korea Economic Daily reports that the new Hyundai R&D chief Park Chung-kook confirmed in an email to employees that they were stopping development of new engines:
“From now on, it is inevitable to convert to electrification. Developing our own engine is a great achievement, but we have to change the system to create future innovation based on the great asset of the past. “
Hyundai is said to have had 12,000 people working on the engines, but they are now transferred to the development of the EV powertrain:
“Researchers from the engine design unit moved to the electrification design center, leaving only a few to modify the existing engines. The powertrain development center is transformed into an electrification test center, while the powertrain performance development center becomes an electrification performance development center.
Park added on change:
“The immediate task is to develop innovative vehicles that can dominate the future market. This reorganization will be an important starting point for the change to come in the New Year. “
In the past, Hyundai has been reluctant to make a full commitment to electric vehicles.
The automaker is still heavily invested in hydrogen fuel cells, but is starting to achieve some success with battery-electric vehicles with the launch of the Ioniq 5.
A full line of Ioniq battery-electric vehicles is expected to follow, as the automaker invests more and more in technology, which most industry watchers say will soon power the entire automotive space.
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