Hyundai speeds up move to EVs to challenge Tesla

Hyundai Motor, an early backer of fuel cell cars, has watched the rise of Tesla, including on its home turf. Now’s it’s going on the offensive in the battery-powered market led by the U.S. electric vehicle maker.

The South Korean company plans to introduce two production lines dedicated to EVs, one next year and another in 2024, according to an internal union newsletter seen by Reuters.