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Tesla’s era to fade? Xiaomi’s EV to be the new “Dream Car”

Chinese brand Xiaomi, popularly known for its smartphone manufacturing has set foot in China’s Automotive Industry with an Electric car that is $4K cheaper than Tesla’s Model 3. According to Xiaomi CEO Lei Jun, the SU7 standard edition for China is 215,900 yuan ($30,408

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Recycling Batteries seems like a new goal of Renault

According to a corporate executive, French manufacturer Renault is exploring the possibility of repurposing additional strategic raw materials by exploring advanced talks with possible partners to extract and recycle metals, including lithium, from used electric vehicle batteries.

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Hyundai Motors to invest $51 billion as it increases investment in Korea on EVs

Hyundai Motors announced plans to invest over $51 billion to improve its position in the South Korean EV industry. It declared on Wednesday that it will invest 68 trillion won ($51 billion) over three years in South Korea to increase the manufacturing of electric vehicles, doubling down at a time when other well-known automakers are cutting back. In addition, 80,000 more workers will be hired separately.

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