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Hyundai, Kia invest additional US$250M in Grab; pilot EV projects

Green Car Congress

Southeast Asia’s leading O2O (online to offline) mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional US$250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., billion raised.

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Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

According to data from auto research firm Kelley Blue Book , Rivian handed over nearly 24,800 R1S models in 2023. The electric “Adventure Vehicle” broke the top five in the fourth quarter as EV leasing surged to a new record. Rivian’s electric SUV claimed 3.4% 4 (3.9%), and Ford Mustang Mach-E (3.4%). That’s up from 7.1%

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Retail sales rise 27% to 2.12 million vehicles in April 2024 | Autocar Professional

Baua Electric

EV OEMs YC Electric Vehicles (2,938 units) and Saera Electric Auto (1,966 units) are next on the ladder board, both seeing YoY sales increases. However, according to the FADA president, “Despite strong bookings and customer flow, high competition, excess supply and discounting presented challenges for sustained growth.

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