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

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand.

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Kia starts pilot of last-mile delivery service in Singapore for future electric PBV business

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to break into Singapore’s last-mile delivery market. On January 28, the two companies signed a memorandum of understanding aimed at launching a pilot project in Singapore using the Niro EV and evaluating the potential for a future PBV-based business model.

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Hyundai Motor Group’s connected car services reach 10M global service subscribers

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Hyundai Motor Group surpassed 10 million global connected car service subscribers this month. Hyundai Motor, Kia and Genesis currently operate Bluelink, Kia Connect and Genesis Connected services. The Group introduced the first connected car services in Korea in 2003 and has since expanded the services to the global market.

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Toyota develops “Total-care Service” for ride-hailing companies; rollout with Grab in Singapore

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Toyota Motor Corporation (Toyota) is introducing “total-care service,” a pioneering set of mobility services specially designed for ride-hailing companies. Singapore will see the first service roll-out, with Toyota Motor Asia Pacific Pte Ltd.

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DENSO and USJC announce mass production shipment of automotive IGBTs, targeting expanding EV market

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Insulated gate bipolar transistors (IGBT) are core devices that act as switches in inverters to convert DC current from batteries to AC current to drive and control electric vehicle motors. Battery and plug-in electric cars require significantly more IGBT units than conventional ICE cars.

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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

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Hyundai Motor Group and Grab Holdings Inc. The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

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At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 It plans to convert additional lines as market demand dictates. trillion (US$85 billion) over the next 10 years, including KRW 35.8 Production.

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