{"id":417197,"date":"2021-05-28T08:46:09","date_gmt":"2021-05-28T03:16:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417197"},"modified":"2021-05-28T09:36:28","modified_gmt":"2021-05-28T04:06:28","slug":"hyundai-to-slash-its-combustion-engine-line-up-invest-in-evs-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hyundai-to-slash-its-combustion-engine-line-up-invest-in-evs-sources\/","title":{"rendered":"Hyundai to slash its combustion engine line-up, invest in EVs: Sources"},"content":{"rendered":"<p>Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.<\/p>\n<p>The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March. <\/p>\n<p>&#8220;It is an important business move, which first and foremost allows the release of R&amp;D resources to focus on the rest: electric motors, batteries, fuel cells,&#8221; the person said, without giving a timeframe for the plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March. &#8220;It is an important business move, which first and foremost allows the release of R&amp;D resources to focus on the rest: electric motors, batteries, fuel cells,&#8221; the person said, without giving a timeframe for the plan.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-417197","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=417197"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417197\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}