EV demand

Hyundai to double hybrid lineup; announces $3 billion buyback

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Hyundai to double hybrid lineup; announces billion buyback

Hyundai Motor Co. plans to double its lineup of hybrid cars as demand for pure electric vehicles slows, and announced a 4 trillion won ($3 billion) share buyback as part of a plan to boost investor returns. Unveiling a new strategy at its 2024 investor day Wednesday, the world’s third-biggest carmaker said it will increase … Read more

Driev ahead: Emerging road for EV supply chain

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Driev ahead: Emerging road for EV supply chain

With the share of EVs on the roads increasing rapidly, it is time to power up the EV supply chain so that it is well-positioned for tomorrow’s automotive landscape It is a proverbial billion-dollar challenge before automakers look to build electric vehicles, as they jostle for a bigger share of the pie. Build or buy … Read more