Hyundai's Plan To Catch Up with Tesla
Tesla is rising in South Korea and Hyundai is taking note with a plan to boost EV production after Model 3 outsold Hyundai Kona EV.
Now Hyundai is going on an offensive against Tesla with a plan to introduce two production lines dedicated to electric vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.