The company would have made an 83 billion won operating loss without a tax credit received under the U.S. Inflation Reduction Act, LGES said in a regulatory filing. South Korean battery firm LG Energy Solution (LGES) on Wednesday posted a 138% rise in first-quarter profit, helped by favourable foreign exchange rates that cushioned slowing growth… Continue reading South Korea’s LG Energy Solution Q1 profit rises 138% on weak won
Tag: Hyundai
Facing pressure, Trump scales back tariffs for US automakers
The first 2022 GMC HUMMER EV Pickup Edition 1 rolls off the assembly line at Factory ZERO (Source: GM) Donald Trump signed two executive orders today that walked back parts of tariffs he previously imposed on US automakers ahead of a rally in Michigan to mark his first 100 days in office. The Wall Street… Continue reading Facing pressure, Trump scales back tariffs for US automakers
ChargePoint’s EV Chargers Can Transform the Game
Public DC fast charging hogs the EV spotlight. Automakers and charging providers vie for bragging rights and ever-shorter recharging stops, with the latest models topping out at 1 megawatt. But for a vast majority of EV owners, home is where the charging happens, often at a thumb-twiddling pace. And ChargePoint has unveiled a lineup of… Continue reading ChargePoint’s EV Chargers Can Transform the Game
Bharat Forge shares in focus as Trump plans to ease auto tariff impact
Trump had earlier stated that he planned to impose the 25% tariffs on auto parts no later than May 3. Bharat Forge shares are likely to be in focus on Tuesday after U.S. officials announced that President Donald Trump’s administration would move to reduce the impact of proposed automotive tariffs. The move aims to ease… Continue reading Bharat Forge shares in focus as Trump plans to ease auto tariff impact
German Manager Magazin: Trump will probably reduce US car tariffs on Tuesday 004159
US President Donald Trump (78) Before his trip to Michigan, the effects of the US tariffs will reduce the auto industry. This report US government officials. Trump wants to celebrate his first 100 days in office in the US state of Michigan on Wednesday. Three large US car manufacturers and more than 1000 car suppliers… Continue reading German Manager Magazin: Trump will probably reduce US car tariffs on Tuesday 004159
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
Trump has said he is considering granting automakers some relief from new auto tariffs. CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting U.S. investments, officials told Reuters.… Continue reading Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
Companies find themselves caught in deglobalisation crossfire
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As Donald Trump’s tariff war unleashes chaos, political leaders in Asia and Europe have declared that the era of post-cold war prosperity from global trade may finally be coming to a close. “We are in… Continue reading Companies find themselves caught in deglobalisation crossfire
Mahindra XUV 3XO sells over 100,000 units to be M&M’s second best-selling SUV in FY2025
The Mahindra 3XO, the face-lifted version of its first compact SUV, the XUV300, has turned a year old today. Launched on April 29, 2024, the 3XO with 100,905 units has been one of the star performers for Mahindra & Mahindra in FY2025 which has been the SUV manufacturer’s best-ever fiscal year to date. The… Continue reading Mahindra XUV 3XO sells over 100,000 units to be M&M’s second best-selling SUV in FY2025
Hyundai Announces HTWO Energy Savannah, the Industry’s First Dual-Energy Hydrogen and Electric Station to Support Heavy-Duty Zero-Emission Vehicles in the Savannah Region
HTWO Energy Savannah will serve Hyundai’s new Hyundai Motor Group Metaplant America (HMGMA), utilizing XCIENT hydrogen heavy-duty fuel cell trucks for Clean Logistics Phase one to create a scalable Class-8 hydrogen refueling solution, in collaboration with HTWO Logistics (Fleet Operations), HydroFleet (Hydrogen Refueling), and Capital Development Partners (Overall Development) Phase two plans include commercial vehicle… Continue reading Hyundai Announces HTWO Energy Savannah, the Industry’s First Dual-Energy Hydrogen and Electric Station to Support Heavy-Duty Zero-Emission Vehicles in the Savannah Region
In Marin County, There’s Trouble in Teslaville
In the parking lots of Mill Valley, Calif., mysterious index cards have surfaced on the windshields of Tesla Model Xs and Model 3s. “Stop Elon,” they urge in teal script. “Dump your Tesla.” A few years ago, buying a Tesla in Mill Valley meant that you had money, but were not overly showy. It meant… Continue reading In Marin County, There’s Trouble in Teslaville