On December 17th, Hyundai Motor Group eliminated its Engine Development Center and officially cancelled the release of future models powered by internal combustion engines.
The group carried out the largest-ever reorganization of its R&D headquarters on Dec. 17. The Namyang Research Institute has and is a key organization that serves as the brain of Hyundai Motor Group.
At the same time, it transferred 12,000 Research & Development personnel into the company’s Electrification Development Team, which is now fully dedicated to R&D for electric vehicles. The automaker also decided to focus on securing battery technology by establishing an in-house Battery Development Center.
Hyundai Motors has also streamlined all of its R&D departments to shorten its electric vehicle development schedule as much as possible.