Hints and tips:
...Korea Zinc is also eyeing the US battery recycling market after taking over a US electronics waste recycling company last year and forming a partnership with Hyundai Motor last month to procure, process...
...Apart from the latest investment pledges by the two Chinese automakers, South Korea’s Hyundai Motor began full-scale production at an Indonesian factory in March 2022....
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
...The US Treasury Department said when Congress wrote the IRA it categorised leased EVs as “commercial”, because the vehicle title technically belongs to either the dealership or finance company....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...The first seven proposals submitted recently by the private sector include bids from consortiums led by state-owned China Railway Construction; South Korea’s Hyundai Rotem, a Hyundai Motor unit focused on...
...“That caused big trouble for Hyundai Motor Company, which decided to make a huge investment based on the current arrangement,” said Ahn, who suggested that “not many [US] congressmen and senators were fully...
...Sung added that SK On stood to benefit from the rapid US growth of South Korean carmaker Hyundai, which together with sister brand Kia has overtaken Ford and General Motors to claim second place in US electric...
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...This year saw the launch of Indonesia’s first two domestically produced EVs, by South Korea’s Hyundai and China’s Wuling Motors....
...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
...BYD wants to overtake the top-selling models in the Indonesian market last year, which included the Hyundai Ioniq 5, and the Air EV from China’s Wuling Motors....
...The metric is key for setting lease prices, where a motorist will finance the amount of money that a vehicle loses over a three-year lease. The larger value loss will mean a greater need for finance....
...Analysts have credited the company for its efforts while other automakers, such as US group Ford and South Korea’s Hyundai, have fallen further behind Chinese rivals....
...LG Energy Solution, one of the world’s top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant...
...New York City is suing Hyundai Motor and its affiliate Kia for negligence and creating a public nuisance over complaints about a “virtual explosion” of stolen cars blamed on a lack of anti-theft devices....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...New York is suing Hyundai Motor and Kia over a “virtual explosion” of car thefts after the companies failed to install immobilising devices on vehicles....
...A plan by General Motors and Samsung SDI to spend $3bn on a new US battery plant makes clear South Korean companies’ dominance of the North American EV battery supply chain even in the face of a challenge...
...South Korea’s labour unions have a reputation for militancy, and groups such as Hyundai Motor have had to grapple with frequent strikes over wages and other working conditions....
...Similarly, Hyundai Motor’s Chinese revenues dropped by 76 per cent between 2016 and 2022, according to Seoul-based market research firm CEO score....
...The chair of Hyundai Motor has gone on an urgent trade mission to Washington this week after the Korean car giant’s electric vehicles were excluded from generous consumer tax credits contained in a landmark...
...“When you are made the chief executive of a listed company and you’re that young, you have to prove yourself every single day,” Collardi says. “I put all my energy into it.”...
...Against this backdrop, some foreign companies, including South Korea’s Hyundai and Japan’s Honda are quietly slimming their presence in China as sales fall, or are exiting the country completely, Tsang said...
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