Hyundai announced it would no longer develop ICEs and instead will focus on electric motors and drivetrains.
On December 23, Hyundai Motor Group (parent company of Hyundai, Kia, and Genesis) shuttered its internal combustion engine research and development division, according to The Korea Economic Daily.
Park Chung-kook, the new head of Hyundai’s R&D efforts, explained in an email to Hyundai Motor Group employees that “our own engine development is a great achievement, but we must change the system to create future innovation based on the great asset from the past.”
https://arstechnica.com/cars/2022/01/hyundai-stops-engine-de…