Posted inNortheast Asia, South Korea

Hyundai, Kia bet on electric car firm in London

South Korea’s Hyundai and its Kia affiliate announced plans Thursday for a major investment in London-based startup Arrival to produce next-generation electric vehicles that cost less than standard-engine models. The 100-million-euro (US$110 million) bet on the five-year-old technology firm comes as some manufacturers abandon Britain because of uncertainties about how it will trade with EU […]