Hyndai

    • Hyundai, LG invest over $1bn in joint EV plant

      Hyundai, LG invest over $1bn in joint EV plant

      The South Korean car maker Hyundai and LG Energy Solutions announced massive investments in a brand new plant, focused on making electric vehicles. The total envisaged investment accounts for 1.1 billion dollars and each partner will cover half of that cost, Reuters elaborated. The new joint venture will be locted in Indonesia and will establish a battery cell plant for electric vehicles.

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    • Hyundai, GM eye lucrative flying cars market

      Hyundai, GM eye lucrative flying cars market

      The flying cars will become shortly part of regular traffic with major producers pushing hard to overcome competition in research and development, Reuters reported. Hyundai and General Motors both unveiled advanced plans with the Hyundai project expected to be introduced in air-taxi service by 2025. GM admitted it could take until 2030 to introduce flying cars as air-taxis for commercial usage by 2030.

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    • Hyundai invests $7.4bn in EV production in US by 2025

      Hyundai invests $7.4bn in EV production in US by 2025

      South Korea's leading carmaker Hyundai announced plans for massive investments in US as the company eyes the fast growing market of electric vehicles, Reuters reported. The earmarked investment volumes are expected to top 7.4 billion dollars by 2025. The funds will be focused on expansion of existing facilities upgrade of production lines and further investment in smart mobility solutions.

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    • Hyundai profit triples to $1.16bn as luxury demand picks up

      Hyundai profit triples to $1.16bn as luxury demand picks up

      The South Korean carmaker Hyundai announced a robust growth of profits from sales in the first quarter of 2021, Reuters reported. The nearly triple surge in revenue or 187% on annualized basis is attributed to restored end-customer demand, especially focused on the luxury segment. That is the main factor behind the surge in sold volumes of the company’s flagship model Genesis. But still the carmaker sees a major challenge in the coming months amid a widening semiconductor chips shortage.

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    • Hyundai managers divided over alliance with Apple

      Hyundai managers divided over alliance with Apple

      The senior executives of South Korean carmaker Hyundai Motor are divided over a potential alliance with Apple, with some mounting concerns over becoming a contract manufacturer for the US tech giant, slightly worsening the outlook for a potential deal, Reuters reported. Hyundai confirmed earlier this month it was in early talks with Apple, but declined to elaborate. Some local media speculated the firms were discussing an electric car and battery tie-up.

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    • Hyundai sparkes confusion over EV tie-up with Apple

      Hyundai sparkes confusion over EV tie-up with Apple

      South Korea’s car company has sparkled some confusion initially saying it was in the "early stage" of talks with Apple over a possible EV tie-up. However some hours later Hyundai elaborated that it was in fact in talks with a number of potential partners this time not naming specifically Apple, BBC reported.

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