Daily Archive: November 29, 2022

Hyundai Motor Group, SK On in EV battery supply pact in N. America

South Korean battery maker SK On has signed a pact with Hyundai Motor group for the supply of electric vehicle (EV) batteries in North America, the company said on Tuesday. SK On said the memorandum of understanding (MOU) lets the two companies cooperate in providing its batteries to the auto group's plants in the United States after 2025 for production of electric vehicles.

Tesla working on revamped Model 3, with production at Shanghai plant set to begin in Q3 2023, report says

Tesla is working on a redesign of the Model 3 codenamed "Highland," with a focus on reducing the number and complexity of the model's interior, according to Reuters.

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Internal speech: William Li on NIO’s new businesses, and why it’s on right side of trend

People who originally drove BMWs won't go back to buying BMWs after buying NIO vehicles. That is the trend, Li said, adding that NIO is on the right side of the trend.

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