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Hyundai, Kia join China’s Baidu to develop connected cars – ET Auto

Baua Electric

Seoul, South Korea’s top carmaker Hyundai Motor and its affiliate Kia said on Sunday that they have inked an agreement with China’s tech giant Baidu to develop technologies for connected cars. Hyundai and Kia have been working closely with Baidu since 2014, including the development of voice recognition technology.

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Hyundai Motor and Kia sign MoU with Exide Energy for EV expansion in India – ET Auto

Baua Electric

This strategic cooperation with Exide Energy marks the beginning of Hyundai Motor and Kia’s efforts to expand its exclusive battery development, production, supply and partnerships in the Indian market. New Delhi: Hyundai Motor and Kia sign MoU with Exide Energy as part of their electric vehicle (EV) expansion plans.

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Battery stocks’ rally may extend after USD 2 billion surge – ET Auto

Baua Electric

among the top gainers on the broader S&P BSE500 Index in April, after announcing a strategic cooperation to produce lithium iron phosphate cells for Hyundai Motor Co. and Kia Corp. A rally of 45% has made Exide Industries Ltd. That also boosted shares of Amara Raja Energy & Mobility Ltd. Global carmakers, including BYD Co.,

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Arrival names EY as administrator for two UK units – ET Auto

Baua Electric

The EV firm, which was earlier backed by Hyundai , Kia and United Parcel Service, said in late 2022 that it would shift focus to the U.S. Companies such as Lordstown Motors, Proterra and Sweden’s Volta Trucks are among those that declared bankruptcy last year.

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Sterling Tools signs MoU with South Korea’s Yongin for EV components facility – ET Auto

Baua Electric

New Delhi: Sterling Tools Limited, a leading automotive fastener manufacturer and, through its subsidiary, the leading manufacturer of Motor Control Units (MCUs) in India, has signed a Memorandum of Understanding (MoU) with South Korea’s, Yongin Electronics, a major supplier of components to the Hyundai Kia Motor Group.

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Samsung to partner with Hyundai, Kia for making cars ‘smarter’ – ET Auto

Baua Electric

Samsung has announced that it will partner with Hyundai Motor Group to expand its SmartThings platform to support connected cars, including electric vehicles (EVs). We plan to accelerate our technology development to continuously make global Hyundai and Kia customers’ journeys meaningful.”

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Rising disposable income giving a thrust to connected cars in India – ET Auto

Baua Electric

For instance, in the latest Kia Seltos SUV, as much as 48% of sales are from variants having connected features. Tarun Garg, chief operating officer at Hyundai Motor India said, “Car buyers in India are getting younger. Given the robust demand, carmakers have started offering such features in all premium SUVs sold in the local market.

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