SEOUL :South Korea's Hyundai Motor Co said on Tuesday it plans to invest about 109.4 trillion won ($85.4 billion) in the period through to 2032, allocating around a third to meet a 'seismic change' in the industry toward electric vehicles (EVs).Hyundai Motor, which together with affiliate Kia Corp is among th
SEOUL :South Korea's Hyundai Motor Co said on Tuesday it plans to invest about 109.4 trillion won in the period through to 2032, allocating around a third to meet a"seismic change" in the industry toward electric vehicles .
"Hyundai Motor is leveraging its heritage of innovation and knowledge accumulated over a long period of time ... amidst seismic change in the industry with competition intensifying in a bid for leadership in the electric vehicle market," the company said on its investor day. The company aims to source more than 70 per cent of batteries through its joint ventures by 2028 and beyond.
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Hyundai Motor to invest $85.41 billion by 2032 to accelerate EV plansSEOUL : South Korea's Hyundai Motor Co plans to invest about 109.4 trillion won ($85.41 billion) in the period through to 2032, the company said on Tuesday, including around 35.8 trillion won allocated for electric vehicles (EVs).($1=1,280.8200 won)
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Row of conservation shophouses at Chinatown’s Trengganu Street for sale at $85 mil, down from $110 milThe block of seven conservation shophouses at 20 Trengganu Street is on the market for $85 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Tourists have returned to Singapore’s Chinatown, with people milling around the shops of Trengganu Street, Temple Street, Pagoda Street, Smith Street and Sago Street. All the streets are interconnected via Trengganu Street, which, together with the adjacent Pagoda Street, was converted into a pedestrian mall by URA in 1997.Once upo
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US opens safety probe into Hyundai Ioniq 5 EVs over power loss reportsWASHINGTON :U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving that may be tied to a battery charging issue.The National Highway Traffic Safety Administration's preliminary investigation covers 2022 model-year vehicles after i
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US lawmakers to press automakers to cut reliance on China over supply chains- BloombergWASHINGTON: A bipartisan group of US lawmakers will travel to Detroit on Tuesday to press the heads of automakers Ford Motor and General Motors to slash reliance on China over supply chains, particularly when it comes to electric vehicle batteries, Bloomberg reported. The four lawmakers - Republicans Mike
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US lawmakers to press automakers to cut reliance on China over supply chains: BloombergWASHINGTON: A bipartisan group of US lawmakers will travel to Detroit on Tuesday to press the heads of automakers Ford Motor and General Motors to slash reliance on China over supply chains, particularly when it comes to electric vehicle batteries, Bloomberg reported. The four lawmakers - Republicans Mike
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Japan's Suzuki to make 'flying cars' with SkyDriveTOKYO : Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make 'flying cars'.The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next
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