Hyundai Motor Company Increases Production Capacity of IONIQ Electric by 50%

Hyundai Motor Company is planning to increase production capacity of ‘IONIQ Electric’, which is its main electric vehicle, by 50% as number of potential buyers has greatly increased compared to its original prediction on demands in South Korean market. It is expected that this will resolve inconvenience of customers who have to wait 4 to

Renault-Nissan to build energy storage plant from EV batteries to rival power stations

The Renault-Nissan Alliance is planning to build a 100MW energy storage plant big enough to power 120,000 homes, which can replace a gas or coal-fired power station, sources told Reuters. It is widely seen as a pilot project that could lead to a major new business opportunity for OEMs. Following trialling using electric vehicle (EV)