📺 Stream EntrepreneurTV for Free 📺

Hyundai Motor to Launch 200-Mile Electric Vehicle in 2018 The company is aiming to better compete with other electric car makers such as Tesla.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Raymond Boyd | Getty Images

Hyundai Motor said it plans to launch an electric vehicle with a driving range of more than 200 miles per charge in 2018, aiming to better compete with other electric car makers such as Tesla Motors Inc.

That is nearly double the 119 miles per charge that will be offered by an electric version of Hyundai's IONIQ sedan, which is set to hit the market later this year.

Hyundai and affiliate Kia Motors plan to more than double the number of their environmentally-friendly models to 28 in 2020, the automaker said in a statement. The goal is up from its previous plan of 26 vehicles.

(Reporting by Hyunjoo Jin; Editing by Edwina Gibbs)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Devices

Gear up for Summer Camping with $22 Off This Power Bank Flashlight

Planning weekends outdoors this summer? Don't do it without this light.

Business News

Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'

Musk shared the secrets on a podcast with Nicolai Tangen, CEO of the $1.6 trillion Norges Bank.

Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Devices

Stay Locked In and Accessible with These Open-Ear Headphones, Marked Down $40

These open-ear Bluetooth headphones sit on top of the ear, and are available for the best price online.

Devices

Get This Powerful Refurbished Lenovo Mini Desktop for Just $180 Through April 30

Get more for your money and breeze through business tasks with a robust A-grade refurbished mini desktop.