Hyundai reportedly ceases engine development, shifts focus to EVs

Good News Notes: “Hyundai Motor Group, responsible for the Genesis, Hyundai and Kia brands, is reportedly in the process of winding down development of internal-combustion engines to fully focus on electric powertrains. Citing industry sources, The Korea Economic Daily reported last week that HMG has closed the engine development department located at its main R&D center in…