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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 Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4

Hyundai 284
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Nissan launches all-new Note in Japan, exclusively with second-generation e-POWER electrified powertrain

Green Car Congress

As the company’s best-selling model in its home market, the car continues to play a key role in the Nissan NEXT global business transformation plan. The new Note lineup will also feature an electric all-wheel drive model, with powerful dual electric motors in the front and rear supplying power to all four wheels.

Japan 397
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SETEC POWER Emergency Mobile EV Charging System Unveiled in Bali

Setec Powerr

Jakarta – PT Toyota-Astra Motor (TAM) officially handed over 143 units of battery electric vehicles to the government to support the G20 Summit held in Bali on November 15-16. Besides being attended by Minister of State Secretary Pratikno, the event was also attended by the Japanese Ambassador to Indonesia, Kanasugi Kenji.

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Right on time! VinFast’s affordable range of electric cars are closer than ever to Aussie launch

EV Central

Until now limited to its home country as well as other left-hand drive markets such as North America, VinFast rolled out its right-hand drive line-up at last week’s Indonesian International Motor Show in Jakarta. At IIMS VinFast also announced plans to develop with local suppliers a nationwide charging network in Indonesia.

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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

CATL is doubling down on its global expansion efforts as it seeks more growth in overseas markets. CATL’s growth in China is mainly impacted by the country’s NEV growth rate (including hybrids) and rival BYD’s growth. CATL is also looking to fuel its global growth through licensing its technology.

Market 52
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Aussie electric truck maker SEA joins the race to build a Toyota Hilux EV

EV Central

SEA is the third Australian company to go public on plans to develop electric utes following on from H2X Global and Roev. The electric Innova, which is built in Indonesia, was revealed at the Indonesia Motor Show in March, fitted with a SEA-Drive 70 powertrain. SEA has its own proprietary BEV drivetrains.

Toyota 124
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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL and BYD are still the EV battery market leaders Through the first four months of 2024, global EV battery consumption reached 216.2 BYD ranked second with a 15.4% GWh through April, up 18.3%

BYD 52