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Hyundai teases its new INSTER EV for the first time, the latest affordable electric car

Baua Electric

The all-electric city car is expected to be the latest affordable EV to hit the market, but will it make it to the US? Last month, Hyundai sold over 17,000 EVs globally , maintaining its momentum. Hyundai Motor, including Kia, accounted for 11.2% Hyundai Motor, including Kia, accounted for 11.2% Tesla still holds a 40.5%

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Hyundai Motor Group launches HTWO dedicated fuel cell system brand

Green Car Congress

Hyundai Motor Group (HMG) introduced HTWO, a new brand to represent the group’s world-leading hydrogen fuel cell system. HMG said that the launch of the new fuel cell system brand will help facilitate Hyundai’s global fuel cell business and grow the hydrogen ecosystem.

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Hyundai Motor Strategy 2025 lays out transition into smart mobility solution provider

Green Car Congress

Hyundai Motor Company announced a new roadmap—Strategy 2025—intended to secure its position as a frontrunner in the future mobility industry. Hyundai’s plans for Smart Mobility Device include a wide range of product groups beyond automobiles such as Personal Air Vehicle (PAV), robotics, and last-mile mobility.

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Honda to invest $40B over 10 years in electrification and software; launching 30 EV models by 2030; > 2M units p.a.

Green Car Congress

In a press briefing held in Tokyo on its initiatives in automobile electrification, Honda announced that it will spend approximately ¥5 trillion (US$40 billion) in the area of electrification and software technologies to further accelerate its electrification over the next 10 years, including both R&D expenses (¥3.5 trillion / US$12 billion).

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Tesla Model Y overtakes Model 3 in April Global EV sales, Model 3 #1 in 2021

Teslarati

The Tesla Model Y crossover has overtaken its sibling vehicle in the Tesla Model 3 in April’s global electric vehicle sales figures, new data shows. In April, around 392,000 electric vehicles were registered globally, making it the fourth-best month in the history of electrification. Credit: EV Sales Blog.

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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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SAIC Motor to invest up to USD 2 billion in India this decade | Autocar Professional

Baua Electric

SAIC Motor, China’s largest car maker, has set an ambitious target of producing and selling over 1 million vehicles along with its joint venture partner, JSW Group. China’s largest automaker entered India in 2018 through its British brand MG Motor India. JSW MG Motor India will leverage synergies across JSW Group’s ecosystem.

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