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Hyundai Set to Invest $21 Billion in U.S.

Hyundai Set to Invest $21 Billion in U.S.

Hyundai Motor Group plans to invest $21 billion for a variety of U.S.-based projects, including steel production and the expansion of its U.S. automotive production to 1.2 million vehicles annually. That more than doubles what the South Korean has invested since entering the U.S. market in 1986. More from Headlight.News.

Trading in Your Tesla? You’re Not Alone – But Be Ready for an Unpleasant Surprise

Trading in Your Tesla? You’re Not Alone – But Be Ready for an Unpleasant Surprise

As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.

First Drive: 2025 Cadillac Optiq – A Good Look for an Entry Luxury EV

First Drive: 2025 Cadillac Optiq – A Good Look for an Entry Luxury EV

This is a busy year for Cadillac as it accelerates its push into the battery-electric market. In the coming weeks, the domestic luxury brand will bookmark its line-up with the Escalade EV at the high end and for those looking for something more affordable that still offers plenty of luxury features, there’s the new Cadillac Optiq. Headlight.News spent a couple days in San Francisco checking out Caddy’s new entry EV and here’s our review.

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

General Motors and Hyundai are said to be in talks that would lead to significant product sharing in the pickup and commercial EV van segments, according to a new report. Such a move would expand on the alliance the two automakers recently announced focusing on hydrogen fuel-cell technology. More from Headlight.News.

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

Best known as the manufacturer of Apple’s iPhone, Foxconn is reportedly locking down a deal to produce battery-electric vehicles with two Japanese automakers. Details have yet to be revealed but Mitsubishi appears to be one of the new partners and there is speculation Foxconn may be working out arrangements with either Nissan or Honda, those two Japanese automakers having failed to secure their own merger deal. More from Headlight.News.

Breakthrough Technology Lets New BYD EVs Charge as Fast as You Can Fill a Gas Tank

Breakthrough Technology Lets New BYD EVs Charge as Fast as You Can Fill a Gas Tank

While most EV owners charge their vehicles at home overnight, plugging in can be a real hassle when you’re on the road. With many of today’s EVs it can take an hour to go from a 10 to 80% state-of-charge. But China’s BYD claims its new “super e-platform” can allow motorists get another 249 miles of range in as little as 5 minutes at public quick chargers, essentially matching the time it takes to fill up a gas tank. Headlight.News has more.