Tag: electrification

South Korea’s Hyundai Motor Plans to Invest $16 Billion in EV Push

SEOUL—South Korea’s Hyundai Motor Co. said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together with affiliate Kia Corp. is among the world’s top 10 biggest automakers by sales, targets to achieve a…


Push for Electrification to Reach Net Zero Means Large-Scale Mining, Greater Dependence on China: Experts

“Electrification” has become a watchword for the Biden administration, particularly as part of the push for net-zero emissions in the U.S. economy by 2050. In November 2021 remarks to GM CEO Mary Barra, for example, President Joe Biden credited General Motors with having “electrified the automobile industry”—a claim immediately questioned by Tesla Motors’ Elon Musk. The…