Hyundai Allegedly Closes Its Combustion Engine Development Center

The electric push is on as suppliers race to place themselves for an EV future. Several firms have made spoken dedications to going all-electric, but Hyundai could be taking a strong action by ending the growth of future internal combustion engines now.

That’s the word in a write-up from Business Korea that went down just before Xmas. The website declares Hyundai Electric motor Group formally reduced its engine development division at the business’s Namyang Research Institute south of Seoul. The article also specifies the automaker’s powertrain team was reorganized into an electrification growth team, which a battery development team was developed.

The Korea Economic Daily likewise reports the closure, pointing out unrevealed sector sources as well as an alleged e-mail from Hyundai’s new R&D chief Chung-Kook Park to employees mentioning: “Our very own engine growth is a great achievement, but we need to change the system to create future development based on the fantastic possession from the past.”

There’s been no main statement from Hyundai regarding these insurance claims. We have actually contacted Hyundai agents to confirm the details and deal clarification if true. We will definitely update this write-up if brand-new details becomes available.

The report does coincide with a substantial shakeup in high-ranking administration as well as reshuffling at Hyundai. Albert Biermann recently revealed his retirement as the firm’s R&D head, as well as design employer Peter Schreyer is additionally moving to a brand-new duty. The automaker additionally revealed upwards of 200 various exec promos, with over one-third taking place in the R&D division.

“A number of the brand-new visits represent the next generation of leaders and also have actually been identified for their accomplishments as well as duty in the continuous success of the Group,” stated a business agent in a declaration concerning the employees statement.