In March, India announced a list of battery makers that would receive a coveted state subsidy. Locally manufactured cells for electric vehicles would trigger almost $6 billion in investments, build a supply chain at home, cut $30 billion in energy imports and be a “major boost” to Prime Minister Narendra Modi’s Make in India project, … Read more
Changwon, South Korea CNN — With a blinding yellow flash and a concussion that shakes bones, K9 self-propelled howitzers launch artillery shells onto a hill that’s just been hit by rockets fired from helicopters. Then K2 tanks roar in, speeding up roads and firing as they go. This is part of DX Korea, a four-day … Read more
Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions. Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said Thursday that Hyundai and Kia will invest in growing its electronic manufacturing footprint to scale production and satisfy … Read more