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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Just 11,000 of the over 45 million vehicles driven in Russia last year were electric, with most being used cars. The incentive program could start as early as 2022.

Russia 142
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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.

Kia 259
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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.

Kia 186
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JATO: US demand for pickups remains strong despite price increases

Green Car Congress

Throughout the past decade, pickups in the United States saw higher sales figures than new vehicles from countries such as Russia (19.1 This is such a strong performance, that if the F-150 were its own brand, it would have been the 9 th best-seller, slotting between Kia and Subaru (5.4 million), Canada (17.8 million units sold.

F-150 195
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The demand for charging piles is getting more and more popular

Setec Powerr

4, Kia Niro, and other models account for the top five in the European new energy vehicle market, and the demand for corresponding new energy charging piles is relatively large. It cannot be ignored that the market prospects of new energy vehicles and their charging piles in Russia are promising in the future.

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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

This year, the Group will further bolster the sales of electrified models, adding hybrid and plug-in hybrid variants to its best-selling SUV models, including Kia Sorento, Hyundai Tucson and Hyundai Santa Fe. The car-sharing service allows people to freely rent and return cars in the city of LA.

Hyundai 284
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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.

Kia 220