Hyundai Motor Accelerates Electrification Strategy, Targeting 7% of Global EV Market by 2030

Hyundai Motor CEO Jaehoon Chang unveiled the company’s electrification roadmap and strategies at the 2022 CEO Investor Day forum today Hyundai targets to sell 1.87 million BEVs annually by 2030 by strengthening line-up ⋯ To introduce 17 new BEV models by 2030; 11 for Hyundai models and six for Genesis luxury brand To strengthen competitiveness… Continue reading Hyundai Motor Accelerates Electrification Strategy, Targeting 7% of Global EV Market by 2030

@Ford: Ford Plans Wednesday Announcement About Acceleration of Ambitious Ford+ Plan for Growth and Value Creation

About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Plans Wednesday Announcement About Acceleration of Ambitious Ford+ Plan for Growth and Value Creation

Kia will let you summon an actual human to charge your EV

When your Kia electric vehicle is out of power, you can now order a technician who will arrive with a battery and charge it for you. The automaker is partnering with Currently, an on-demand mobile EV charging app, to service Kia customers in Los Angeles, San Francisco and San Jose. While there’s no shortage of… Continue reading Kia will let you summon an actual human to charge your EV

Struggling EV startup Lordstown Motors loses GM as investor

General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit Free Press. GM’s 7.5 million shares of common stock, which was less than 5% of the company, had an initial equity value of $75 million.… Continue reading Struggling EV startup Lordstown Motors loses GM as investor

GM sells its stake in Lordstown Motors as cash-strapped startup loses money

General Motors has sold its stake in Lordstown Motors, whose assembly plant in Ohio remains available for purchase.  Lordstown Motors bought the massive plant in northeast Ohio from GM after the Detroit automaker in 2019 permanently closed the facility, where it built the Cruze subcompact car. But Lordstown, the cash-strapped startup, has struggled to raise capital to operate, which is why… Continue reading GM sells its stake in Lordstown Motors as cash-strapped startup loses money

@Ford: Ford Issues Statement on Suspension of Russian Joint Venture and Assistance for Ukrainian Refugees

About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Issues Statement on Suspension of Russian Joint Venture and Assistance for Ukrainian Refugees