Hyundai and Kia plan affordable electric cars
Korean giants invest R1.6bn into electric-car startup to produce models priced the same as fossil fuel vehicles
Consumer acceptance of electric vehicles (EVs) has so far been slow partly due to their high cost, but Hyundai and Kia plan to soon make more affordable battery-powered cars.
The South Korean carmakers last week jointly invested €100m (R1.6bn) in a London-based electric-vehicle startup Arrival to produce EVs that cost less than fossil fuel-powered cars. The five-year old company employs 800 people globally and has offices in Europe, the US, Israel and Russia...