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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three EV seller.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

Sorry, however, we do not break out those sales numbers; that is the same as when we communicated with one another, over 2nd-quarter sales last year (the vehicles’ 1st quarter of sales). Auto Industry Analyst. Rick Deneau, Stellantis. I can’t tell you our exact number but if they beat RAV it was very narrow.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. The transition to software-dominated cars is challenging. General Motors on Dec.

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2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

Charged EVs

The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. 4 are already on sale. But the Ioniq 5 and its underlying technology show how serious Hyundai-Kia has become about offering EVs that appeal to mass-market buyers. The same platform also underpins an EV from Hyundai’s sister brand, Kia.

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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Retreating behind tariff walls or outright bans will further isolate America’s auto industry into a Galapagos market of ridiculous trucks sold at nosebleed prices.” Three recent accounts stand out from the pack.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

auto industry jobs could rise by 150,000 by 2030 if battery electric vehicles sales reach 50 percent by 2030 and the vehicle market share of U.S.-assembled It believes that there will be a net loss of 275,000 auto industry jobs by 2040, with most of the drop off coming between 2030 and 2035.

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