Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions
Over the past 6 months, several auto majors and component suppliers have chosen Tamil Nadu to set up electric vehicle manufacturing facilities to produce about 4.5 million EV two-wheelers cumulatively
The company refuses to give a launch timeline, says it is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down
Kona Electric is currently priced at Rs 23.71 lakh (ex-showroom Delhi)
The South Korean carmaker unveiled a 'Strategy 2025' roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won
The company claims that the Kona EV delivers a range of 452 km in one single charge under standard testing conditions.
South Korean auto-maker Hyundai today unvieled two electric vehicles (EVs)-the Nexo and the Ioniq--at a business summit in New Delhi. The next gen fuel cell-run Nexo and the battery- powered global Ioniq were showcased during the second edition of the India-Korea Business Summit in the national capital, a release said. "Since the past 20 years, Hyundai has a long-term commitment towards Make-in-India and today we are proud to showcase sports utility vehicle Nexo along with an global EV Ioniq at the India Korea Summit 2018," Hyundai Motor R&D centre vice president S H Kim was quoted as saying in the release. Terming the development of the two EVs a significant leap forward for Hyundai Motor as it intensifies the company's efforts to produce highly efficient, eco-friendly vehicles, Kim said, "Hyundai is continuously innovating in clean and connected mobility solutions to make a long-term positive transformation for our future generations." The Nexo is set to spearhead