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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company. New IMA architecture.

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Solix BioSystems introduces 4,000 liter outdoor algae growth system

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Solix BioSystems (formerly Solix Biofuels) announced the availability for sale of the Lumian AGS4000, a 4,000 liter integrated Algae Growth System (AGS) that provides an outdoor growth environment for the evaluation of algal species or as a source of clean culture inoculum for larger growth systems.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

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The share sale follows two bond issues earlier this year, a €500-million (US$521-million) bond to global institutional investors in May, and a further SEK3 billion (US$320 million) to Swedish institutional investors in November.

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Tesla bull details Elon Musk’s moves that forced Twitter board to strike a deal

Teslarati

Elon Musk, Twitter reach agreement for sale of social media platform. “Twitter Board could not find a white knight, and Musk detailed financing last week forced them to the negotiation table. “Soap opera over with Musk getting Twitter officially at $44 billion,” Ives said today. percent ownership stake.

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Rivian IPO: What you need to know

Teslarati

The Finances So Far. Rivian’s S-1 filing with the SEC has provided a glimpse of the company’s finances so far. “Above $70,000, the global addressable market for Rivian’s SUV and pickup is less than 1.5 It would also overtake longtime players in the auto segment, such as Japanese carmakers Honda Motor Co.,

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

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planned for sales to the mass market in five pilot cities encountered delays due to infrastructure installments, Pike noted, and consequently were not rolled out in 2011. Price will be a major barrier to growth on the demand side, Pike notes, especially given China’s reliance on cash sales over financing. Market development.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. The emergence of the U.S., This has transformed the U.S.

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