Auto Sector

Hyundai announces battery leasing accord to trim down EV prices, coordinate reuse

Hyundai announces battery leasing accord to trim down EV prices, coordinate reuse

South Korean automotive giant Hyundai Motor Company has confirmed that it is looking into battery leasing as a way to bring down the prices of its electric cars as well as to ensure reuse of batter

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI, an arm of South Korean multinational conglomerate that specializes in developing Lithium Ion Battery technology, has announced that it will invest 942 billion won (US$850 million) to e

Global EV battery market expands to 116 GWh as battery manufacturers report significant growth last year

Global EV battery market expands to 116 GWh as battery manufacturers report significant growth last year

Despite adverse business and economic conditions and other challenges created by the COVID-19 pandemic in 2020, the worldwide xEV battery market (BEVs, PHEVs, and HEVs) grew noticeably, SNE Researc

Tesla teams up with Samsung to develop new 5nm chip for fully-autonomous technology: Report

Tesla teams up with Samsung to develop new 5nm chip for fully-autonomous technology: Report

Electric vehicle & clean energy giant Tesla Motors has teamed up with South Korea-headquartered Samsung to develop a new 5-nanometer (5nm) chip for fully-autonomous (self-driving) technology fo

Attractive lease deals available on Kia Niro EV, Chevrolet Bolt & Nissan LEAF

Attractive lease deals available on Kia Niro EV, Chevrolet Bolt & Nissan LEAF

Various automakers embarked on their 2021 EV journeys with eye-catching deals on electric cars to prompt users of conventional fossil fuel-powered vehicles to make a shift to EVs.

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