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...In China, manufacturing giants BYD, Geely’s Zeekr and SAIC’s Maxus all offer high-spec vans, which are largely sold domestically – for now....
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...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...
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...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
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...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...
...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...
...Around the same time, Apple approached both Nissan and Hyundai about collaborating on the project, the Financial Times reported, potentially tapping into the carmakers’ manufacturing knowledge....
...For example, although MG Motor is headquartered in the UK and owned by China’s SAIC, its MG5 and MG ZS are made in China and exported....
...Recycled carbon fibre cuts the carbon footprint of the manufacturing process of its F1 cars, according to McLaren....
...General Motors chief financial officer Paul Jacobson said the IRA had “tremendous benefit” to the EV market, helping stimulate sales....
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...That goal should take shape in Bartow County, north-west of Atlanta, where Hyundai Motor Group and SK On plan to spend more than $5bn building an electric vehicle battery plant....
...Since 2010, more than $70bn has been invested in EV and battery manufacturing in the region, compared with $51bn in the Midwest....
...Motor, in first, to sell new cars on Amazon from next year (Nikkei Asia) Lenovo sees signs of recovery in PC market and tech sector (FT)...
...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....
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...General Motors chief executive Mary Barra said on Tuesday that the company’s EVs were priced correctly. Volkswagen declined to cut prices, as did Hyundai and Kia....
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