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Hyundai and LG Energy to Build Electric Vehicle Battery Plant Hyundai and LG Energy to Build Electric Vehicle Battery Plant

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Hyundai and LG Energy to Build Electric Vehicle Battery Plant in Indonesia

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Hyundai Motor Group today announced that it will partner with LG Energy Solution to build an electric vehicle battery plant in Indonesia. This is how the automaker seeks to secure a stable supply of batteries in the face of growing demand for electric vehicles.

The two South Korean companies have signed a memorandum of understanding with the Indonesian government to establish a joint venture for the production of battery cells.

Under the agreement, Hyundai and LG Energy are investing a total of $ 1.1 billion to build a battery plant in Karawang, east of Jakarta. The companies will participate in the joint venture in equal shares. The Indonesian government agreed to offer incentives to support the plant. After the commissioning of the plant, which will be located on a land plot with an area of ​​330,000 m2will be able to annually produce lithium-ion battery cells with a total capacity of 10 GWh, which is enough for more than 150,000 batteries for electric vehicles.

The source recalls that Hyundai, together with its subsidiary Kia, is the fifth largest automaker in the world, and Indonesia is one of the world’s largest producers of nickel, a key material for electric vehicle batteries.

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The new Toyota Highlander is presented: the car finally got a turbo engine

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The new Toyota Highlander is presented the car finally got

Toyota introduced the updated Highlander crossover in the North American market, where sales will begin before the end of this year. Prices will be announced later.

The new Toyota Highlander is presented: the car finally got a turbo engine

The main change in the upgraded Toyota Highlander was the emergence of a new four-cylinder turbocharged gasoline engine, which replaced the atmospheric “six”. The old 3.5-liter naturally aspirated V6 engine was replaced by a 2.4-liter turbo four with 269 hp. with 418 Nm of torque. New 30 hp engine less powerful, but at the same time peak thrust increased by 62 Nm. Toyota is talking about the environmental friendliness of the new engine, which emits about 50% fewer harmful particles into the atmosphere compared to the old six-cylinder naturally aspirated engine.

The new Toyota Highlander is presented: the car finally got a turbo engine

The Toyota Highlander will also be available in the US with a hybrid powertrain based on a 2.5-liter naturally aspirated engine, working together with two electric units. In sum, all engines are capable of developing power up to 246 hp.

In the cabin, older versions have a 12.3-inch digital instrument panel, as well as a 7-inch information display. The car received a new multimedia system with a diagonal of 12.3 inches with navigation, voice control and the ability to automatically download updates.

The new Toyota Highlander is presented: the car finally got a turbo engine

The multimedia system supports wireless connection of mobile devices on iOS and Android platforms.

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Honda showed its first electric crossover Prologue. But it will only be released in 2024.

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Honda showed its first electric crossover Prologue But it will

Honda, like many other Japanese brands, is far behind its European competitors when it comes to electrifying their cars. The company already has a Honda e, and now the manufacturer has unveiled its first electric crossover, the Prologue. True, the car will enter the market only in 2024.

Honda showed its first electric crossover Prologue.  But it will only be released in 2024.

Whatever it was, so far we have only one official image. The crossover on it is not very similar to the current Honda models. The source says that Prologue is a joint development of the Japanese giant and GM, but no details yet. It is likely that the Prologue and some General Motors electric cars will have a common platform.

Honda plans to introduce 30 new electric vehicle models by 2030 and expects sales of 2 million units. After launching the Prologue in 2024, Honda plans to begin production of new electric vehicles based on its e:Architecture architecture in 2026, and in 2027 it will have affordable electric vehicles also co-developed with GM.

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“I will vote Republican.” Musk lashes out at Democrats over Tesla’s exclusion from S&P 500 ESG index

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I will vote Republican Musk lashes out at Democrats over

Tesla was excluded from the S&P 500 ESG at the beginning of the month, but most people only knew about it now that Elon Musk decided to speak out about it.

ExxonMobil ranks in the top 10 in the world in the S&P 500 ESG Index, while Tesla didn’t make it! ESG is a scam. It was used as a weapon by fake social justice fighters.

I will vote Republican Musk lashes out at Democrats over

The fact is that the S&P 500 ESG is an index that takes into account the environmental and social performance of companies. And Musk was obviously hurt that the huge oil company ExxonMobil was on the list, and Tesla was decided to be excluded. And there are even official reasons for the exclusion: Tesla has no strategy to reduce carbon emissions, no code of business conduct, and the company has also been accused of racism and poor working conditions.

But Musk did not stop at one statement.

I’ve voted Democrats in the past because they were (mostly) the goodness party. But they have become a party of division and hatred, so I can no longer support them and will vote Republican. Now watch their dirty campaign against me unfold

This is a much more serious statement, since many of Musk’s supporters are his supporters precisely because of his political views. Immediately, Musk made it clear that he changed them. This has already cost Tesla about $40 billion in capitalization, as the company’s shares fell immediately after the publication of its head.

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