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Hyundai Motor Group Invests $18 Billion to Become Top 3 EV Manufacturer by 2030

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Hyundai Motor Group Announces Investment Plans to Become Top 3 EV Manufacturer by 2030

Hyundai Motor Group has announced its goal to become one of the world’s top three EV manufacturers by 2030, with a combined sales target of Hyundai Motor, Kia, and Genesis electric models. The Group plans to invest KRW 24 trillion (approximately USD 18 billion) in the domestic EV industry through Hyundai Motor, Kia, and Hyundai MOBIS by 2030. The investment aims to upgrade Korea’s EV ecosystem and strengthen its role as a hub for driving innovation in the global automotive industry.

The Group plans to significantly expand the annual EV production in Korea to 1.51 million units and global volume to 3.64 million units by 2030. To enable such plans, Hyundai Motor and Kia, along with Hyundai MOBIS, plan to invest in the EV sector domestically. The investment will enhance integrated marketability across hardware and software, including diversification of dedicated platform product lineups, advancement of power electric (PE) systems that are key to EV performance, such as batteries and motors, and development of technologies to increase all-electric range (AER) on a single charge.

The companies will actively build a high-speed charging infrastructure to maximize charging convenience for EV customers and to continuously expand the charging network in Korea. The Group plans to sequentially develop dedicated platforms for each vehicle class under the Integrated Modular Architecture (IMA) system, including the ‘eM’ platform designed exclusively for passenger EVs, which will be introduced in 2025.

By 2030, Hyundai Motor Group will have a total lineup of 31 EV models, including models from Hyundai Motor, Kia, and luxury brand Genesis. The Group plans to enter the global top three based on the continuous investment. The Group also announced plans to significantly expand the annual EV production in Korea to 1.51 million units and global volume to 3.64 million units by 2030.

Last year, Hyundai Motor Group announced a new sustainable partnership program to strengthen the competitiveness of the Korean automotive industry and the future automotive era. The Group has also operated a program of KRW 5.2 trillion to better support suppliers on their profit and loss, liquidity, and competitiveness improvement measures.

The Group provides external management consulting to suppliers seeking to develop new future business strategies and discover new business growth engines while helping executives and employees of partner companies to develop future mobility capabilities through special training. Through these strategic investments, the Group plans to hone the Korean EV industry’s competitive edge to deliver unparalleled products and services that will drive the paradigm shift in the global mobility industry.

https://www.hyundai.com/worldwide/en/company/newsroom/hyundai-motor-group-announces-investment-plans-to-become-top-3-ev-manufacturer-by-2030-0000017005

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Consumer Corner

Schwinn is Forecasting Fun with Launch of New Compact E-Bike for Teens – Meet The Hurricane

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MADISON, Wis./PRNewswire/ — Today, Schwinn Bikes announces the launch of the Hurricane, a compact e-bike that’s all about fast-moving fun. Built for cruising home from school, going on weekend rides, or exploring at the edge of town, the Hurricane creates the kind of excitement that brings friends together.

E-Bike
Schwinn Hurricane

Schwinn has been making e-bikes since 2017, but this is their first geared toward a younger Gen Z demographic. Boasting a 250-watt motor, this e-bike allows riders to reach top speeds of 17.5 miles per hour with just a twist of the throttle. Drawing inspiration from the original 1978 Schwinn Hurricane, this compact e-bike features retro touches like high-rise handlebars, fat tires, and a sleek yet industrial frame design that conveys a sense of daring adventure to a new generation of young riders.

Schwinn Hurricane E-Bike Features:

  • Two Ways to Go: Reach a top speed of 17.5 MPH with just a twist of the throttle. The Hurricane also features pedal assist for riders who feel like pedaling instead.
  • Range: The Hurricane can travel up to 30 miles on a single charge. Use the included charger and a standard household outlet to recharge for the next ride.
  • Ride Control: Mechanical disc brakes deliver all-condition stopping power, while 3-inch-wide tires provide plenty of stability and traction on or off the pavement.
  • Safety: Automatic front and rear LED lights shine as soon as you power on the bike. See and be seen when you ride during the day or at night. The Hurricane also includes a chainguard to protect skin and clothing and fenders to keep you clean and dry from road spray.

“We are thrilled to provide a high quality, compact e-bike model that is affordable and fun,” said Lisa VanderMause, VP of Marketing at Schwinn. “Taking nods from our Hurricane model from the 70s, this new, electric version really speaks to our brand direction and provides consumers with an elevated and modern riding experience.”

The Hurricane is for riders aged 13 and up who are looking to outrun boredom on a ride that is cool-looking, fast, and can handle any adventure ahead. Consumers are advised to wear a helmet and be aware of their surroundings whenever riding the Hurricane. The Hurricane suggested retail price is $599 and is available at Schwinnbikes.com, DICK’S Sporting Goods, and Target. Link to purchase

About Schwinn

Schwinn is a brand of Pacific Cycle, based in Madison, WI. Founded in 1895, Schwinn has built some of the best-known and best-loved bicycles of all time. Today, Schwinn remains one of the most recognized bicycle brands in the US, with the mission of making cycling accessible to all. Visit Schwinnbikes.com for more information.

SOURCE Schwinn Bikes

Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!

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The 2025 Ford Expedition: A Bold New Era for Families on the Move

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2025 Ford Expedition
Credit Ford Motor Company

2025 Ford Expedition

Dearborn, Mich., Oct. 3, 2024 – The all-new 2025 Ford Expedition is more than just an upgrade—it’s a full transformation. Specifically designed for today’s active families, the reimagined Expedition now offers enhanced space, cutting-edge technology, unmatched versatility, and superior capability. A standout addition to the lineup is the first-ever Ford Expedition TREMOR®, designed for those who seek adventure off the beaten path.

A Technological Revolution

At the heart of the all-new Expedition is the innovative Ford Digital Experience, which turns the cabin into a seamless, family-friendly command center. Families will enjoy the benefits of a new 24-inch panoramic digital display complemented by wireless Apple CarPlay® and Android Auto™ connectivity. This technology-driven approach ensures that every member of the family stays connected, entertained, and informed, whether you’re on a cross-town errand or a cross-country road trip.

Introducing the Expedition TREMOR

For families craving off-road excitement, the Expedition TREMOR is the most capable version yet, boasting features like four-wheel drive, underbody shielding, massive 33-inch all-terrain tires, and best-in-class ground clearance. With advanced off-road technology, including an electronic locking rear differential, it is engineered to tackle everything from rocky trails to muddy paths with confidence.

Designed for Versatility

The revamped design isn’t just about aesthetics; it’s about practicality. The new Ford Split Gate tailgate system is a game-changer, turning the rear vehicle space into a vibrant communal area with options to configure seating or create a table-like setup—perfect for tailgating or camping trips. Meanwhile, the innovative sliding front center console ensures easy storage access for those in the front and second rows, making this SUV as versatile inside as it is out.

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Engine Power and Capability

Under the hood, the Expedition offers a robust selection of powertrains. Standard models come with a powerful 3.5-liter EcoBoost® V6 engine, churning out 400 horsepower. For those who seek extra muscle, the TREMOR and Platinum models feature a high-output version of the same engine, delivering a thrilling 440 horsepower. This power ensures that no family adventure needs to be compromised.

Advanced Safety and Driving Assistance

Safety and ease of driving take center stage with Ford’s BlueCruise hands-free highway driving, now available on nearly 90% of the lineup. This sophisticated system enhances safety and reduces driving fatigue, especially on long family journeys. The feature provides access to innovative technologies like Lane Change Assist and In-Lane Repositioning, allowing for smoother, safer trips.

Entertainment and Connectivity

With Wi-Fi hotspot connectivity available for up to 10 devices, and Google Play apps integrated into the driving experience, the Expedition ensures that entertainment is always at your fingertips. Whether streaming the latest movies during a rest stop or navigating with Google Maps, the Expedition is truly an extension of your digital world.

Family-Friendly Features

Understanding the demands of modern family life, Ford has introduced thoughtful conveniences such as the new Digital Device Holder, which effortlessly secures tablets or phones, keeping them accessible during trips.

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Order and Availability

Eager families can place their orders starting October 24, 2024, with the 2025 Expedition expected to arrive in showrooms by Spring 2025. Designed with input from real customers, the all-new Ford Expedition is ready to accompany families on adventures near and far, bringing more comfort, capability, and joy to every journey.

For those looking to explore further, more detailed specifications and availability can be found on Ford’s official site, ensuring you’re ready to embark on your next family adventure with the best that modern automotive engineering has to offer.

Learn More about the 2025 Ford Expedition here: https://media.ford.com/content/fordmedia/fna/us/en/news/2024/10/03/all-new-ford-expedition-fully-redesigned-for-families-with-big-l.html

Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!

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Consumer Corner

The 2025 Ford Maverick Awesomeness Unveiled: Tech-Packed and All-Wheel Drive

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2025  Ford Maverick


Hybrid Meets All-Wheel Drive on New Tech-Packed 2025 Ford Maverick

Since its debut in 2021, the Ford Maverick has captivated American truck enthusiasts and casual drivers alike, proving to be the compact pickup that many didn’t know they needed. With its impressive blend of capability, spaciousness, and versatility, the Maverick has cemented its place as a top choice in the midsize truck segment. As we look ahead to the 2025 model, Ford is stepping up its game to enhance the Maverick’s appeal further, making it smarter and more capable than ever.

An Exciting New All-Wheel Drive Option

One of the most significant updates for the 2025 Ford Maverick is the introduction of an all-wheel drive (AWD) option for its hybrid models. This enhancement allows Maverick Hybrid customers to confidently tackle challenging terrains and inclement weather conditions. The AWD hybrid model, which is available for all trims—XL, XLT, and Lariat—provides exceptional traction and stability, making it an excellent choice for outdoor enthusiasts and those who often find themselves navigating unpredictable driving conditions.

In addition to the AWD capability, Ford is offering an optional package that doubles the towing capacity for hybrid models. This upgrade empowers drivers to tow small campers, personal watercraft, and utility trailers with ease. With a maximum payload capacity of 1,500 pounds and a new 4K Tow Package, the Maverick is designed to meet the diverse needs of its owners.

Advanced Technology Meets User-Friendly Features

The 2025 Maverick is not just about power and capability; it also embraces cutting-edge technology to enhance the driving experience. The new SYNC 4 infotainment system, now displayed on the largest standard touchscreen in its class—a stunning 13.2-inch display—replaces the previous 8-inch screen. This upgrade is complemented by an 8-inch digital instrument cluster that ensures drivers have all vital information at their fingertips.

Ford has responded to customer feedback by introducing wireless Apple CarPlay® and Android Auto™, allowing drivers to leave their smartphone cords at home. This convenience is a significant upgrade for tech-savvy customers who value seamless connectivity on the go.

Innovative Storage Solutions

Maverick’s FLEXBED® Storage System remains a standout feature, providing unparalleled versatility for organizing payloads. The bed is equipped with molded side pockets that allow drivers to secure cut pieces of 2×4, preventing cargo from sliding around during transit. Plus, the multi-position tailgate can be set in various positions to accommodate different types of cargo, from lumber to mountain bikes.

In a market where versatility is key, these features are drawing in a diverse array of customers—60% of Maverick buyers trade in vehicles from other segments, such as small cars and SUVs. This speaks volumes about the Maverick’s unique ability to cater to a broad audience.

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Efficiency Without Compromise

For those who prioritize fuel efficiency, the Maverick Hybrid continues to shine. With a targeted EPA-estimated 42 miles per gallon in the city for the standard hybrid front-wheel drive model, and 40 miles per gallon for the hybrid AWD variant, it offers an eco-friendly option without sacrificing performance.

Built Ford Tough: A Legacy of Capability

The 2025 Ford Maverick stays true to its “Built Ford Tough” heritage, ensuring that it meets the needs of its most loyal customers. The enhancements made for the new model year—driven by owner requests—underscore Ford’s commitment to delivering a truck that is not only capable but also aligns with the evolving demands of today’s drivers.

As the market for midsize pickups continues to evolve, the Ford Maverick stands out as a formidable contender. With its hybrid efficiency, all-wheel drive capability, advanced technology, and innovative storage solutions, the Maverick is poised to remain a favorite among both loyal Ford fans and new customers alike.

Ford Maverick


For those looking to experience a truck that seamlessly blends versatility with efficiency, the 2025 Ford Maverick is a compelling choice that is sure to impress. As the launch approaches, enthusiasts and potential buyers alike are invited to explore what makes the Maverick a standout in the competitive truck landscape.

Visit the Ford website to learn more. https://media.ford.com/content/fordmedia/fna/us/en/news/2024/07/31/hybrid-meets-all-wheel-drive-on-new-tech-packed-2025-ford-maveri.html#group-section-The-2025-Ford-Maverick-os4dsWsMMC

For more information, check out the Ford website at: https://media.ford.com/content/fordmedia/fna/us/en/news/2024/07/31/hybrid-meets-all-wheel-drive-on-new-tech-packed-2025-ford-maveri.html#group-section-The-2025-Ford-Maverick-os4dsWsMMC

STM Daily News is a vibrant news blog dedicated to sharing the brighter side of human experiences. Emphasizing positive, uplifting stories, the site focuses on delivering inspiring, informative, and well-researched content. With a commitment to accurate, fair, and responsible journalism, STM Daily News aims to foster a community of readers passionate about positive change and engaged in meaningful conversations. Join the movement and explore stories that celebrate the positive impacts shaping our world.

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