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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). Of the total investment, Hyundai will contribute €80 million; Kia €20 million.

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Update: Top 10 Electric Cars

Clean Fleet Report

has fully embraced EVs and, after years of teasing with snazzy concepts, the real hardware is for sale–and is selling well. Take the Mach-E battery pack and drop it into the best-selling Ford Transit commercial vehicle and the E-Transit enters the last-mile delivery market. Kia/Hyundai/Genesis – Coming on Strong.

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Convincing Consumers To Buy EVs

Cars That Think

Ford’s Farley foresees that the heavy-duty truck segment will be sticking with ICE trucks for a while, as “it will probably go hydrogen fuel cell before it goes pure electric.” Ford believes it will earn $20 billion, Stellantis some $22.5 billion and GM $20 to $25 billion from paid software-enabled vehicle features by 2030.

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