Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla (TSLA.O) and other rivals. Like Toyota Motor Corp , Hyundai had initially championed fuel cell technology as the future of eco-friendly vehicles but has found itself shifting electric as Tesla shot to prominence and battery-powered cars have gained government backing in China. Toyota is now also working on longer distance, fast-charging electric vehicles, local media have reported.
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December 4, 2017