18
May
12:30
Hyundai Motor Group to invest $16.5 billion in South Korean EV business
South Korean carmaker Hyundai Motor Group said Wednesday it will invest KRW 21 trillion ($16.54 billion) by 2030 to expand its domestic electric vehicle business and strengthen its global reach, Kallanish reports.
The financial commitment will enable the brands Hyundai Motor and Kia to increase their South Korean EV production, set to be at 350,000 cars this year, to 1.44 million EVs by 2030. This would then account for 45% of the group’s global EV producti…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous