Hyundai, an early booster of hydrogen cars is thinking of moving towards electric cars. as Hyundai has seen the success of Tesla, Tesla covers the stage for the battery electric vehicle market. This suggestion came from the electric rise of Tesla in the US market. Hyundai has already joined the battle of electric cars with Tesla by selling Hyundai Kona EV, and they have started the production for more. previously hydrogen cars launched by Hyundai gained lots of popularity but the situation is not the same now, electric cars dominate the hydrogen cars in the market. This Korean company intends to launch two production lines of electric cars (EVs), one is for next year and another will launch in 2024. This is a new step for Hyundai motors. Now let’s see if they compete with Tesla or not.
Hyundai motors executive vice-chairman Euisun Chung has already introduced the idea of expanding into electric cars and he also announced the brands which are included like KIA and Hyundai and they are going to invest around $87 billion to build 23 EVs by 2025.