Hyundai Shuts Down ICE Development Team to Focus on EVs
Dec. 29, 2021—Hyundai earlier this month announced it will shut down its ICE development team to focus exclusively on developing electric vehicles.
According to a report from the Korea Economic Daily via Electrek, Hyundai R&D head Park Chung-kook said in an email to employees new engine development will shut down.
“Now, it is inevitable to convert into electrification," Chung-kook said. "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.”
The Korean automaker has worked on ICE development for 40 years and currently employs 12,000 in its engine development department. Most employees will be transferred to EV powertrain development, while a few will remain to work on and modify existing engines.
With the move, Hyundai is investing heavily into its Ioniq battery electric lineup, and a full run of the automaker's premier EV is expected to follow in the coming years.