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Hyundai And GM Collaborate On Future EVs And Tech The two auto giants signed a Memorandum of Understanding to join hands to explore future vehicles, supply chain and clean-energy technologies. Hyundai and GM enter into a non-binding collaboration to co-develop future products and technologies. The aim is to increase competitiveness and reduce development costs. We live in an era of partnerships. This initiative from two of the top legacy carmakers in the world further points to the necessity for such joint ventures in the modern world. This could also be a way to compete against the Chinese EV makers who are slowly making their way into international markets with their low-cost vehicles. #hyundai #gmc #electriccars #electricvehicles https://lnkd.in/gCrHa7VG

Hyundai Motor considers supplying rebadged electric commercial vehicles to General Motors, following collaborative agreement signed by the duo last year 👉 https://lnkd.in/dFPKs5nK Hyundai’s Executive Vice President, Seung Jo Lee, said the OEM is ‘considering re-badging’ its commercial EV offerings to supply GM, which would assist the manufacturer in making its first entry into the North American commercial vehicle market. #ElectricDrives | #ElectricVehicles | #EV | #Emobility | #Sustainability | #Hyundai | #AutomotiveIndustry | #ElectricCars | #ElectricVans

New Post: The Auto Magazine - Hyundai Motor Group Expands Testing and R&D Facilities in Europe - https://lnkd.in/d7UJvmq8 Hyundai Motor Group is bolstering its leading role as an innovator and driver of change in the automotive industry by expanding its research and development (R&D) facilities in Europe by more than 25,000 square meters. The Group is advancing its strategic focus on sustainable mobility and future-oriented expansion with the completion of its test center […]

AUTOMOTIVE INDUSTRY: GLOBAL OEM BMW AG HAS RELEASED Q1 2024 RESULTS: GROWTH IN UNIT PASSENGER CAR SALES, DECLINE IN SALES REVENUE, SIGNIFICANT DETERIORATION IN PROFITABILITY. 1/2 FINANCIAL REPORT. Q1 2024 Car Deliveries: 594,533 vehicles or +1.1% vs Q1 2023 Q1 2024 Sales Revenue: EUR 36.614B or -0.6% vs Q1 2023 Q1 2024 Net Profit: EUR 2.951B or -19.4% vs Q1 2023. Below is BMW Group's Q1 financial report with more detailed analysis and an updated 2024 outlook. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #bmwag #bmw #bmwgroup #bmwmotorrad #mini #bmwusa #miniusa #rollsroyce

AUTOMOTIVE INDUSTRY: GLOBAL OEM BMW AG HAS RELEASED Q1 2024 RESULTS: GROWTH IN UNIT PASSENGER CAR SALES, DECLINE IN SALES REVENUE, SIGNIFICANT DETERIORATION IN PROFITABILITY. 1/2 FINANCIAL REPORT. Q1 2024 Car Deliveries: 594,533 vehicles or +1.1% vs Q1 2023 Q1 2024 Sales Revenue: EUR 36.614B or -0.6% vs Q1 2023 Q1 2024 Net Profit: EUR 2.951B or -19.4% vs Q1 2023. Below is BMW Group's Q1 financial report with more detailed analysis and an updated 2024 outlook. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #bmwag #bmw #bmwgroup #bmwmotorrad #mini #bmwusa #miniusa #rollsroyce

New Post: The Auto Magazine - Hyundai Motor Group Expands Testing and R&D Facilities in Europe - https://lnkd.in/dTNSqdgc Hyundai Motor Group is bolstering its leading role as an innovator and driver of change in the automotive industry by expanding its research and development (R&D) facilities in Europe by more than 25,000 square meters. The Group is advancing its strategic focus on sustainable mobility and future-oriented expansion with the completion of its test center […]

*General Motors & Hyundai Motor Company (현대자동차) chief sign MoU* > GM and Hyundai Motor have signed an agreement to explore future collaboration across key strategic areas. > The two automakers "will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster", according to a joint statement. > Potential collaboration projects centre on co-development and production of passenger and commercial vehicles, #ICE and clean energy, #electric and #hydrogen technology. > The two global OEMs also will review opportunities for combined sourcing in areas such as battery raw materials and steel. > The framework agreement was signed by Hyundai Motor group executive Chair Euisun Chung and GM chair and CEO Mary Barra. > Barra said a partnership between the two companies has the potential to make vehicle development more efficient by driving greater scale and supporting disciplined capital allocation. > "This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies," said Chung. The question this poses to other Automakers is - will this partnership be a threat as GM & Hyundai can become much more price competitive or an opportunity for all OEMs to grow and become more efficient and sustainable - let me know your thoughts below? #GM #Hyundai #Strategic #OEMs

AUTOMOTIVE INDUSTRY: GLOBAL OEM HYUNDAI MOTOR COMPANY HAS RELEASED Q3 2024 RESULTS: DECLINE IN UNIT SALES & PROFITABILITY, GROWTH IN SALES REVENUE. Q3 2024 Unit Deliveries: 1.072M vehicles or -3.3% vs Q3 2023 Q3 2024 Sales Revenue: KRW 42,928B (approximately $31.14B) or +4.7% vs Q3 2023 Q3 2024 Net Profit: KRW 3,206B (approximately $2.33) or -3% vs Q3 2023 Conversion rate: $1 = KRW 1,378.45. Below is Hyundai Motor Company (현대자동차)'s official Q3 results summary. We also learn that their EV sales have grown in Q3 by +19.5% YOY. #autosales #carsales #carmarket #newcarmarket #vehiclesales #vehicleregistrations #market #marketsegments #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #hyundai #kia #hma #kiausa

AUTOMOTIVE INDUSTRY: GLOBAL OEM HYUNDAI MOTOR COMPANY HAS RELEASED Q3 2024 RESULTS: DECLINE IN UNIT SALES & PROFITABILITY, GROWTH IN SALES REVENUE. Q3 2024 Unit Deliveries: 1.072M vehicles or -3.3% vs Q3 2023 Q3 2024 Sales Revenue: KRW 42,928B (approximately $31.14B) or +4.7% vs Q3 2023 Q3 2024 Net Profit: KRW 3,206B (approximately $2.33) or -3% vs Q3 2023 Conversion rate: $1 = KRW 1,378.45. Below is Hyundai Motor Company (현대자동차)'s official Q3 results summary. We also learn that their EV sales have grown in Q3 by +19.5% YOY. #autosales #carsales #carmarket #newcarmarket #vehiclesales #vehicleregistrations #market #marketsegments #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #hyundai #kia #hma #kiausa

LeapMotor, a Chinese electric vehicle (EV) manufacturer, has partnered with Stellantis, a major global automotive group, to produce EVs in Europe. This collaboration aims to leverage LeapMotor's advanced EV technology and Stellantis' extensive manufacturing and distribution network to expand their presence in the European market, enhancing the availability and adoption of electric vehicles across the continent. To Know More Info : https://lnkd.in/eVPUxFgM #LeapMotor #Stellantis #EV #ElectricVehicles #Automotive #SustainableTransport #GreenMobility #Europe #EVPartnership #CleanEnergy #businessinnternationalnews #news #businessnews #chinanews #chinabusinnessnews #businessowners