Hyundai plans an electric car premium in long-term strategic changes

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Hyundai Motor Co. (005380.KS) announced on Thursday that putting electric vehicles at the center of their product strategy – one that includes plans for an electric car for remote premium, as Tesla (Reuters) wants TSLA.O REACH and other rivals.

As the Toyota Motor Corp. (7203.T) Hyundai defended the first fuel cell technology as the future of environmentally friendly vehicles, but did not find the alternating electric Tesla shots in the foreground and the battery-powered vehicles they won public support in China.

Toyota is also on the electric vehicle is a fast remote load, local media reported

South Korean car maker plans (310 miles) to start by charging an electric car under its high-end brand Genesis in 2021 with a range of 500 km. It will also introduce the electric version of its small terrain (SUV) Kona with a range of 390 km in the first half of next year.

“We strengthen our green car strategy, electric vehicles focusing on” executive vice president Lee Kwang-Guk said on technology press conference calls as realistic.
The engine and subsidiary of KIA Motors Corp. (000270.KS), which together fifth global sales vehicle rankings, with three plug-in plans for its ecological vehicles were to add 31 models to the 2020th.

These models include eight vehicles and two fuel cells, which contrasts with the announcement of 2014-22 models are intended for only two of which are powered by batteries.

Hyundai also confirmed the Reuters report, which has developed its first platform dedicated to electric vehicles, which can produce more models with more driving in the company.

Last year, he launched his first electric car with a clean Ioniq mass, but the car range was much shorter than Tesla’s bidding and General Motors (GM.N).