Hyundai unveils $8.5B spending plan amid EV push

By:

Bloomberg

January 26, 2023 09:20 AM

Hyundai will invest 10.5 trillion won ($8.5 billion) in 2023 as it moves to electrify more of its fleet to meet rising consumer demand for cleaner cars.

Featured Stories

Electric pickups got huge hype and preorders — but failed to win over truck buyers

Tesla, Ford, Rivian and GM drew strong consumer interest for full-size EV pickups, but buyers were put off by price and range anxiety.

By:

Laurence Iliff

Electric pickups got huge hype and preorders — but failed to win over truck buyers

Suppliers

European supplier plants shuttered due to rare earth shortage

By:

Reuters News

European supplier plants shuttered due to rare earth shortage

Mazda

Mazda to build first EV in Japan, bets high-tech, flexible factory beats tariffs

Court rulings could give auto industry much-needed clarity on tariffs, suppliers say

By:

John Irwin

Court rulings could give auto industry much-needed clarity on tariffs, suppliers say

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