announced the launch of a brand dedicated to battery electric vehicles on Sunday.” data-reactid=”19″>Hyundai Motor Co (OTC: HYMTF) announced the launch of a brand dedicated to battery electric vehicles on Sunday.
Three electric vehicles under the Ioniq brand will be released beginning early 2021, according to Hyundai. Launch of a midsize crossover vehicle in early 2021, a sedan in early 2022, and a large crossover vehicle in early 2024 is planned.
reported.” data-reactid=”22″>Nikola Wants To Coopearte: Trevor Milton, the chief executive officer of Nikola Corporation (NASDAQ: NKLA), disclosed his intention of cooperating with Hyundai in an interview with local Korean media Sunday, Reuters reported.
Milton said he proposed cooperation with the Seoul-based carmaker twice, which rebuffed his efforts both times.
dominant player on the back of Model 3 sales.” data-reactid=”28″>A Threat To Tesla’s Rise: EV rival Tesla Inc (NASDAQ: TSLA) has been seeing an impressive surge in business in South Korea, becoming a dominant player on the back of Model 3 sales.
The Elon Musk-led company sold 2,827 vehicles in the country in June, with another 4000-5000 awaiting delivery. Its Model X vehicles are also said to be picking up momentum, according to Reuters.
LGCLF), Samsung Electronics Co Ltd (OTC: SSNLF) unit Samsung SDI Co, and SK Innovation Co. dominated EV battery supplies in the first half this year globally, according to SNE Research.
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