Hyundai Group to launch EVs every year starting in 2022

SEOUL -- South Korea's Hyundai Motor Group said on Thursday it plans to launch electric vehicles in China every year starting in 2022 to enhance its presence in the world's biggest market.

The South Korean auto group said it plans to unveil 21 EV models from Hyundai Motor Co and Kia Corp. by 2030, including hybrid and fuel-cell vehicles.

The group said it also plans to cut the number of gasoline vehicles marketed in China to 14 from the current 21 by 2025.