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2024-02-27

Hyundai Shifts EV Plans, Introduces Genesis Hybrid

SOUTH KOREA REPORT

Hyundai Motor Company is developing a hybrid vehicle for its Genesis luxury brand. The company had planned to focus on EVs and FCVs for the Genesis, which will be launched after 2025. The recent slowdown in the growth of the EV market has forced the company to change its strategy.

According to industry insiders, Hyundai Motor is developing a hybrid engine and related systems for the Genesis, which is expected to be launched in 2025. Hybrid models will be added to the mainstream GV80 and GV70 models. The company plans to expand its HV lineup under the Hyundai Motor and Kia brands as well, having decided to introduce HVs under its luxury car brands due to the risk of slumping sales if it continues to shift more toward EVs. Hyundai Motor’s HV sales in 2023 were up 53% from the previous year to approximately 380,000 units.

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2024-04-17

John Deere Announces Investments in Brazil

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

John Deere, has announced the acquisition of the condominium housing the company’s regional office in Indaiatuba (SP) and the Parts Distribution Center for South America (SA-PDC) in Campinas (SP), along with adjacent land for future expansion. The company also recently has acquired two plots in the Montenegro Industrial District (RS). These investments are part of the company’s ongoing commitment to development and expansion in the national market.

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Are Sodium Ion Batteries Viable Alternative to Lithium?

ALTERNATIVE POWER REPORT
Guy Youngs
Guy Youngs

Despite lithium ion battery prices continuing to fall, interest in sodium ion (Na-ion) energy storage has not waned. Sodium ion batteries are undergoing a critical period of commercialization as industries from automotive to energy storage bet big on the technology. Sodium ion looks well placed, with superior safety, raw material costs, and environmental credentials.

Sodium ion cells, produced at scale, could be 20% to 30% cheaper than the dominant stationary storage battery technology, lithium ferro/iron-phosphate (LFP), primarily due to abundant sodium and low extraction and purification costs. Sodium ion batteries can use aluminum for the anode current collector instead of copper, which is used in lithium ion batteries, further reducing costs and supply chain risks.

Source: PV Magazine: Read The Article

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