News in Numbers

Hyundai Motor Group has announced it wants to accelerate its EV plans, investing $85bn (109.4 trillion won) over the next decade.

The global light vehicle market in May rose by 18.7% year-on-year to 7.4 million units, according to GlobalData estimates. Global vehicle sales are bouncing back as supply shortages ease in many regions.

Toyota forecasts 10% rise in profits this fiscal year. There’s a push to improve mix with more electrified vehicles, as well as lowering costs.

Kia has begun deliveries of its new EV9 battery powered flagship SUV, the second model built on Hyundai Motor Group’s E-GMP dedicated EV platform following the launch last year of the EV6.It is claimed the 99.8 kWh battery provides 500km range on a full charge.

GM and Samsung SDI have picked a site in Indiana for their US JV battery plant. The $3bn investment will create an estimated 1,700 jobs in Indiana.