The world of electric cars is starting to become more prominent in the industry of economical motors and Hyundai has plans to enter this market with their first battery-powered electric car in 2016. As the company look forward to using cars that turn hydrogen into electricity their partner, Kia Motors Corp is concentrating on rechargeable batteries.
In an informative article on Reuters they highlight comments by Hyundai Senior Vice President Lee Ki-sang as he mentions how they are “dividing roles of Hyundai and Kia,” with the later focusing on electric cars and Hyundai launching fuel cell cars.
He discusses the company’s intention to launch an electric car in 2016, while Kia will start building the Soul EV compact in Korea next month, which will be the pair’s first battery-powered EV export emerging in territories like Europe and the US.
More details on Kia’s sales targets for this year are also discussed on the aforementioned website, along with additional comments from Cho Yong-won, who is the vice president of Kia’s Domestic Marketing Group.
Do you think this is the ideal opportunity for both Hyundai and Kia to corner the market when it comes to producing attractive economic motors?