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Hyundai Motor Group plans to become top 3 EV manufacturer by 2030; investing US$18.2B in Korean EV market

Green Car Congress

Hyundai Motor Group (the Group) today announced its goal to become one of the world’s top 3 EV manufacturers by 2030 through the combined sales of Hyundai Motor, Kia and Genesis electric models, at the groundbreaking ceremony of Kia’s dedicated plant for purpose-built vehicle (PBV) production in Korea. million units by 2030.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. Dongfeng will retain 49.2 The Teslarati team would appreciate hearing from you.

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ETAutoTS: Software, sustainability, cybersecurity to define the future of auto industry – ET Auto

Baua Electric

Rajendra Petkar, President & CTO, Tata Motors Bengaluru: The future of the automotive industry will be defined by technology and software along with sustainability , industry’s top voices said at the Day 1 of the 5th edition of ETAuto Tech Summit concluded on Thursday. This is unlike other sectors.

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Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges

Electric Cars Report

Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders (SMMT) warns in a new blueprint published today.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. However, Tata Motors, which is present in both the ICE and EV segments, has urged the government not to cut taxes on hybrid cars, reported Reuters.

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2024 Polestar 2 Dual Motor Review - Not A Smart Time To Be Sexy Anyway

The Truth About Cars

Anyhow, it’s rather interesting that while most of the auto industry has been veering toward crossovers and SUVs for the past two decades, the most popular electric vehicles by far are, functionally, sedans. Yes, the Polestar 2 is a Chinese-manufactured vehicle. But adding motors and power saps the range, as expected.

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