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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Through the new EV architecture development system, Hyundai Motor Group will innovate its cost structure for electric vehicles by sharing components in their application to various models.

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MG Motor India moots new sub-Rs 15 lakh EV MPV and SUV | Autocar Professional

Baua Electric

Buoyed by a fresh fund infusion from the JSW Group, MG Motor – the British brand owned by Shanghai Automotive Industry Corporation (SAIC) – is set to revamp its electric vehicle play in the country and challenge Tata Motors with a big focus on mass market products. It is around 4.3 It is around 4.3

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Honda President Ito steps down, Takahiro Hachigo to replace him

Green Car Congress

Honda Motor Co., Takanobu Ito, the current President, Chief Operating Officer and Representative Director, will remain on the board and assume the post of Director and Advisor to Honda Motor. Hachigo was in charge of developing the first-generation of the US-built Odyssey minivan, which was launched in 1999 primarily for the US market.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

In many cases, personal cars are not the most common means of passenger transport, especially compared with shared vans and minibuses, or two- and three-wheelers (2/3Ws), which are more prevalent and more often electrified, given their relative accessibility and affordability. Luxury carmakers sold 2,855 EVs for a 3% share.

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VinFast launches fast new e-bike in the US to combine American and Vietnamese culture

Baua Electric

It features a 750W rear hub motor paired with a torque sensor that provides feedback 16,000 times per second, which VinFast says is significantly more sensitive than traditional systems. India, and Indonesia. India, and Indonesia. David Duncan, Vice President of Sales and Marketing at VinFast U.S.,