Tag: Automotive Industry
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Hyundai Motor Group to Invest KRW 125.2 Trillion in Korea by 2030: A New Era for Domestic Growth
Hyundai Motor Group Announces Record Domestic Investment Hyundai Motor Group has unveiled what it calls its largest-ever domestic investment commitment, pledging KRW 125.2 trillion to South Korea over the five years from 2026 through 2030. The plan signals a bold strategic push to strengthen the country’s manufacturing base, accelerate the shift toward electrified mobility, and…
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Toyota opens doors to its first EV battery plant in the US
Toyota kicks off a new era for U.S. EV supply In a milestone moment for the U.S. electric vehicle ecosystem, Toyota has begun production at its first-ever EV battery plant outside Japan. The company’s new facility in North Carolina, a $13.9 billion investment, signals a strategic push to localize critical battery components and reduce reliance…
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Toyota opens its first EV battery plant in the US
Toyota’s Landmark Move: A New US Battery Factory Toyota has begun production at its long-anticipated electric vehicle (EV) battery plant in North Carolina, marking the company’s first manufacturing facility outside Japan dedicated to EV energy storage. The $13.9-billion project, situated in the state’s industrial corridor, signals a strategic shift in Toyota’s approach to battery production…
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Tata Motors’ CV Arm Goes Independent: A New Chapter in India’s Auto Sector
New Chapter for Tata Motors’ Commercial Vehicle Arm The commercial vehicle (CV) division of Tata Motors has officially separated from the parent company by listing as a distinct entity, signifying a milestone in a decade-long transformation. Under the leadership of Chairman N. Chandrasekaran, the conglomerate has embraced a strategy built on two strong, independent businesses:…
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Tata Motors’ CV Arm Goes Public: A New Era After a Decade of Transformation
Introduction: A Landmark moment for Tata Motors Tata Motors has formalized the listing of its subsidiary focused on commercial vehicles (CV), signaling a decisive shift after a decade of strategic restructuring. Led by chairman N. Chandrasekaran, the move aims to unlock value, sharpen competitive focus, and create two strong, independent businesses within the Tata group.…
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Perodua EV: Malaysia’s First Homegrown EV to Become an Important National Agenda
Perodua’s Milestone: An EV for the Nation Malaysia is set to elevate Perodua’s first electric vehicle (EV) to an “important national agenda,” signaling a strategic shift toward sustainable transportation. The move, announced amid ongoing government efforts to strengthen governance, social responsibility, and environmental protection, positions Perodua’s homegrown EV as a central pillar of the country’s…
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EVs Up, ICE Down: Australia’s Car Market Shifts as EVs and Hybrids Surge
Australia’s car market enters a new era The Australian automotive landscape is undergoing a notable transformation. Latest quarterly data from the peak motoring body shows electric vehicles (EVs) and hybrids gaining ground while traditional internal combustion engine (ICE) vehicles lose market share for the first time, dipping below the 70% threshold. Record EV and hybrid…
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Driving competition: China’s carmakers in race to dominate Europe’s roads
Europe’s roads warm to China’s carmakers China’s electric-vehicle (EV) makers are widening their footprint across Europe, turning a once-Tesla-dominated landscape into a competitive showroom for affordable, technology-forward cars. As European buyers grow more receptive to competitively priced, feature-rich models, Chinese brands are ramping up local presence—building on the same playbook that boosted their domestic market…
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Tesla Shareholders Approve $1 Trillion Musk Pay Package: A Landmark Reward
Unprecedented Approval for an Unprecedented Pay Plan In a move that will reshape perceptions of executive compensation, Tesla Inc. shareholders approved a $1 trillion pay package for chief executive Elon Musk. The arrangement, billed as the largest compensation award in corporate history, is designed to align Musk’s incentives with long-term shareholding and the company’s ambitious…
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Tesla Faces Key Vote on Near-$1 Trillion Pay Plan for Elon Musk
Overview: A Landmark Proposal at a Pivotal Moment Tesla shareholders gathered to decide whether to approve a controversial compensation package for chief executive Elon Musk that could reach close to $1 trillion if performance milestones are met. The plan, designed to align Musk’s incentives with long-term corporate goals, would be awarded in a mix of…