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Showing posts from May 14, 2023

With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?

Last week, South Korea's Hyundai Motor announced that it will invest $2.45 billion (roughly Rs. 20,000 crore) in Tamil Nadu over the next 10 years to bolster its electric vehicle ( EV ) production in India. SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030. The South Korean car manufacturer whose brands include Hyundai, Kia and Genesis delivered 510,000 EV units last year, an increase of 40.9 per cent from 2021, according to SNE Research. First place went to China's BYD, which delivered 1.87 million units, followed by Tesla with 1.31 million units. Germany's Volkswagen and China's Geely took fourth and fifth places, respectively. CEO Jaehoon Chang told CNBC, "We are now developing two more pla

New Twitter CEO Linda Yaccarino ‘Inspired’ by Elon Musk’s Vision, Says Will Work to Transform App

Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk's vision to create a brighter future and is excited to help to transform the social media platform.  It was the first time Yaccarino has spoken publicly since the news broke Thursday that she was in talks to become the next CEO of Twitter. Musk, who has served as CEO since his $44 billion (roughly Rs. 3,61,687 crore) buyout of Twitter last October, announced her appointment on Friday.  "I've long been inspired by [Musk's] vision to create a brighter future. I'm excited to help bring this vision to Twitter and transform this business together!" Yaccarino tweeted.  Thank you @elonmusk ! I've long been inspired by your vision to create a brighter future. I'm excited to help bring this vision to Twitter and transform this business together! https://t.co/BcvySu7K76 — Linda Yaccarino (@lindayacc) May 13, 2023 Yaccarino, who as adv