Hyundai Ceases Future ICE Development
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.