Sunday, 19 January 2025

Focus on Hyundai Motor Group

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

FILE PHOTO: People look at Kia electric vehicles at the carmaker's Asia Pacific EV Day in Taipei, Taiwan November 13, 2024. REUTERS/Ben Blanchard/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTradeTransport

Kia sees near-term market challenges but sticks to 1.6 million annual EV sales target by 2030

"We're not pushing volume to market. Especially this year, the market is changing very rapidly and there are so many uncertainties."

Skoda Auto cars are seen at the production line as the carmaker launches production of MEB battery systems in Mlada Boleslav, Czech Republic, May 17, 2022.  REUTERS/David W Cerny/File Photo
AutomotiveEconomyEmissionsLegislationNewsPoliticsRegulations

Czech Republic joining Italy to fight carmakers’ CO2 fines

Czech Republic will join Italy in seeking to prevent carmakers from facing penalties when tougher CO2 emission rules take effect in the EU.

Indonesia aims to become one of the world's top three producers of EV batteries. Indonesia could be perfectly placed to become a battery-making giant because it has the world's largest nickel reserves. (AFP)
BusinessCritical MineralsElectric Vehicles (EVs)MiningNews

Indonesia bets on SE Asia’s first battery plant to become EV hub

Indonesia hosts the world's largest nickel reserves — now, the country is looking to capitalize on them and kick start its battery industry.

A 2025 Hyundai Santa Cruz XRT is displayed during the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/Brendan McDermid/ File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceManufacturingNewsTrade

Hyundai Motor’s Q3 operating profit falls 7% from a year earlier

Hyundai warns of slowing demand, posts seven per cent drop in Q3 profit, but maintains 2024 earnings target; shares fall five per cent...

FILE PHOTO: The Logo of Hyundai Motor India Limited is seen outside a car showroom, in Ahmedabad, India, October 7, 2024. REUTERS/Amit Dave/File Photo
AviationNews

Hyundai’s Supernal partners with two firms for its battery-powered aircraft

Supernal plans to launch its five-seat, battery-powered electric vehicle take-off and landing (eVTOL) aircraft in 2028.

FILE PHOTO: General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on "the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM's workforce" in Washington, U.S., December 13, 2023. REUTERS/Elizabeth Frantz/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsTrade

GM seeks to ease investor concerns as EV growth slows

GM aims to reassure investors that profits from ICE vehicles remain strong and EV sales are improving, despite slower demand.

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsTrade

GM seeks to ease shareholders’ nerves at investor day

GM aims to reassure investors that despite slowing EV demand, profit growth remains achievable, focusing on stability.

FILE PHOTO: The rear window of a Waymo Chrysler Pacifica robotaxi is seen while parked at a Target store in Tempe, Arizona, U.S., August 31, 2021. REUTERS/Paresh Dave/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsPoliticsRegulationsTrade

Waymo in talks with Hyundai Motor to produce self-driving taxis: report

Waymo is in talks with Hyundai to use its Ioniq 5 for self-driving tech, potentially shifting away from China's Zeekr amid U.S. tariffs.

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.   REUTERS/Rebecca Cook/File photo
BusinessCritical MineralsElectric Vehicles (EVs)ManufacturingNewsPoliticsRegulationsTrade

GM in talks to buy Chinese EV batteries built in the US: report

General Motors may buy EV batteries using CATL tech, assembled in a US plant funded by Japan's TDK, per Bloomberg sources.

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