Auto News Highlights:- Hyundai To Collaborate With Samsung, Mazda Motor Europe, Hyundai To Invest In US, BMW X5 Hydrogen Fuel Cell, Tata HBX Launch.
Hyundai To Make Semiconductors Along With Samsung
Hyundai motor company is joining hands with Consumer Electronic giant Samsung Electronics And the state-owned Research Institute. The partnership is being held to overcome the Global shortage of semiconductors which has irrupted production worldwide.
Samsung Electronics and Hyundai motors will be working with Korean Automotive Technology Institute And Korea Electronics Technology Institute. The main motive of the partnership will be to strengthen the Automotive semiconductor industry in Korea. South Korea is a global leader in memory chip development but, is not that strong in semiconductors technology.
Mazda Motor Europe New President And CEO
Mazda Motor Europe (MME) has declared that compelling 24th June 2021, Martijn ten Brink. Who is right now Vice President of Sales and Customer Service at MME, will become President and CEO of MME succeeding Yasuhiro Aoyama who has driven the European business since 2019. Yasuhiro Aoyama will get back to the company base camp in Hiroshima, Japan. And take the position of Director, Senior Managing Executive Officer Oversight of Global Marketing, Sales and Customer Service.
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Hyundai Motor To Invest $7.4 Billion In The U.S. By 2025
Hyundai Motor Group (HMG), which incorporates Hyundai Motor Company and Kia Corporation, declared its plans to put $7.4 billion in the U.S. by 2025 to create future EVs, improve production facilities, and further its interests in smart mobility solutions. HMG’s investment will upgrade overall product competitiveness by focusing on future mobility technologies, including electrical and hydrogen energy.
Hyundai and Kia will put resources into developing its EV production impression to scale production and fulfill U.S. market demands. The company will offer a set-up of American-made electric vehicles to U.S. customers one year from now. The Hyundai and Kia will monitor the market situation and U.S. government EV strategy to conclude its arrangement to improve its U.S. production facilities and gradually extend its local EV production.
BMW X5 With Hydrogen Fuel Cell To Launch Next Year
The I Hydrogen NEXT was disclosed by BMW in 2019 and it was based on the current-gen X5 SUV. Oliver Zipse, CEO, and Chairman of the Board of Management of BMW AG had as of late reported that it will disclose the X5 hydrogen fuel cell in 2022. As indicated by BMW, the I Hydrogen NEXT will be a limited series vehicle with the hydrogen drivetrain. BMW has partnered with Toyota to share fuel cell technology.
Tata HBX UV To Launch In Oct-2021
Tata Motors is dealing with numerous new models for the Indian market. The HBX concept-based small UV will be the next big launch from the company. The small SUV was planned to be launched in the second quarter of 2021; however, the launch has been moved by a quarter because of the COVID-19 pandemic. The Tata HBX small utility vehicle will be launched before Diwali 2021, around September-October.
Concept to be known as the Tata Timero. The new minimized UV will equal the Maruti Suzuki Ignis and the upcoming Hyundai AX1. It will be the brand’s 2nd model to be founded on the ALFA modular stage; the Altroz being the 1st model.