Saturday, 18 January 2025

Focus on Hyundai Motor Group

Hyundai Motor Group, including affiliates Honda Motor Company, Kia Corporation and Genesis Motor LLC

FILE PHOTO: A logo of BYD is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessElectric Vehicles (EVs)NewsPoliticsTradeTransport

BYD steps up Europe expansion with new compact SUV

The launch comes two months after the European Union approved increased tariffs on Chinese-built EVs.

Hyundai Motor Co. Vice President Chung Yoo Seok and Hyundai Mobility Japan CEO Toshiyuki Shimegi pose next to the company’s compact electric car Hyundai Inster at Tokyo Auto Salon 2025 in Chiba, east of Tokyo, Japan January 10, 2025.  REUTERS/Kantaro Komiya
BusinessEconomyElectric Vehicles (EVs)News

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

South Korea’s Hyundai aims to boost its Japan sales tenfold with the Inster, a 2.85M-yen ultra-affordable compact EV, challenging local giants.

FILE PHOTO: United States Secretary of Commerce Gina M. Raimondo attends Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. REUTERS/Mike Segar/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

US to finalize Chinese vehicle crackdown rules next week, Raimondo says

The proposal issued in September would make software prohibitions effective in the 2027 model year. The hardware ban would take effect in 2029.

FILE PHOTO: Logo of Hyundai Motor Group on a car outside an automobile showroom is pictured in New Delhi, India, September 6, 2024. REUTERS/Ainnie Arif/File Photo
AutomotiveBusinessElectric Vehicles (EVs)HydrogenIndustryManufacturingNews

Hyundai Motor Group to invest record $16.7 billion in South Korea this year

Hyundai Motor Group plans a record $16.7 billion investment in South Korea, focusing on EVs, R&D, and growth.

AnalysisAutomotiveBusinessEconomyEfficiencyHydrogenInfrastructurePoliticsTransmission

Why Ohio companies are investing in hydrogen cars despite infrastructure issues

Hydrogen fuel cell cars could overcome some buyers’ reluctance to switch from gasoline-powered vehicles, but whether fueling infrastructure can deliver is iffy.

A driver checks the line as he waits for gasoline in Havana, Cuba, December 13, 2024. REUTERS/Alexandre Meneghini
AutomotiveEconomyNatural GasNewsOilPoliticsTradeTransport

Cuba runs short on fuel at pump as energy crisis festers

Cuba faces severe fuel shortages, with closed gas stations and long lines, compounding the impact of recent blackouts.

Jeep vehicles are displayed at the showroom of a car dealership in Milan, Italy, November 21, 2024. REUTERS/Alessandro Garofalo
AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingTrade

Seeking higher margins, Stellantis CEO Tavares lost some core customers

Stellantis faces rising prices and shrinking market share in Europe, where inflation-hit buyers seek affordable alternatives.

FILE - A Rivian R1S is displayed outside of the auto manufacturer's new space at Ponce City Market.
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsPolitics

Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

The Biden administration announced a $6.6B loan to Rivian to build its fuel-efficient vehicles and work toward profitability.

FILE PHOTO: Hyundai displays the new Ioniq 6 vehicle at the 2022 Los Angeles Auto Show in Los Angeles, California, U.S., November 17, 2022. REUTERS/Mike Blake/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Hyundai recalls over 145,000 electrified US vehicles on loss of drive power

Hyundai dealers will inspect, replace and update the software on impacted parts and its fuse for free.

The Hyundai IONIQ 9, a three-row electric SUV is unveiled during a Hyundai event in the Hollywood Hills in Los Angeles, California, U.S., November 20, 2024. REUTERS/Daniel Cole
BusinessElectric Vehicles (EVs)NewsTransport

Hyundai unveils big electric SUV in fast-growing market

Hyundai's IONIQ 9 will roll out in the United States and Korea early next year with a range of more than 300 mile.

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