Hyundai plans long-range premium electric car in strategic shift.
Hyundai Motor Co (005380.KS) 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 (7203.T), Hyundai had initially championed fuel cell technology as the future of eco-friendly vehicles but has found itself shifting electric as Tesla shot…