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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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Kia to complete 11-model EV lineup with 7 dedicated EVs by 2026; sell 1.6M eco-friendly vehicles annually by 2030

Green Car Congress

Kia has updated its Plan S strategy, underpinned by three core pillars: advancing electric vehicle (EV) transition; strengthening its purpose-built vehicle (PBV) business; and expanding future mobility services. By 2030, EVs, HEVs and PHEVs will make up 40% of all sales for Kia, with an annual sales target of 1.6 million units.

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JATO: US demand for pickups remains strong despite price increases

Green Car Congress

market share in 2010, pickups have grown to claim a 16.8% market share in 2019. In contrast, pickups globally have had a significantly smaller market share—approximately 3.7% Throughout the past decade, pickups in the United States saw higher sales figures than new vehicles from countries such as Russia (19.1

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The demand for charging piles is getting more and more popular

Setec Powerr

How do Chinese companies need to explore potential business opportunities in the new energy charging pile market? Huge global business opportunities. Looking at the world, the scale of the new energy market is growing rapidly, and it also has huge potential. million, ranking first in the world’s major markets.

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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP.

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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

It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. The Group will start exporting its fuel-cell systems to Cummins and enter the US market this year, followed by the European market.

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Kia Motors to accelerate diversification of global mobility services

Green Car Congress

Kia Motors Corporation plans to expand its partnerships with global mobility companies to meet the needs of a diverse range of customers worldwide. Kia is striving to provide customized products and differentiated mobility services based on its long history in automotive manufacturing. —President Song.

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