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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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Automotive

8 Summer Driving Safety Tips

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(Family Features) Summer often brings vacations and road trips, which can put extra stress on your vehicle and one of its most important safety components: the tires. Higher pavement temperatures combined with normal wear and tear – plus added traffic volume due to summer travel – can contribute to potential safety hazards.

Before you head out this summer, consider these tips from the tire experts at your neighborhood Discount Tire to stay safe on the road.

  1. Check Tire Pressure Regularly
    Low tire pressure can lead to poor handling and gas mileage as well as excessive wear and overloading. Before any long trips – and at least once a month – check your tires’ air pressure, as bumps and turns can lead to air loss. Temperature changes also affect air pressure. For every 10 degrees in ambient temperature change, air pressure changes 1 pound per square inch (PSI).
     
  2. Be Tire Tread Aware
    The amount of tread on a tire, or tread depth, determines safe stopping distance. The more tread on the tire, the better it can grip the road and stop in a shorter distance. To check tread depth yourself, stick a penny upside-down in a tread groove. If President Lincoln’s head is visible, your tires are worn beyond safe-level recommendations and it’s time to replace.
     
  3. Understand Tire Age Matters
    As tires age, the rubber becomes harder and brittle, which can lead to higher risk for tire failure. Locate the DOT number stamped on the sidewall to check your tires’ age. Any tire that’s more than 6 years old should be replaced, but experts recommend replacing tires in sets of two or four to help ensure even wear. If you need assistance finding the right tires, Discount Tire’s tire recommendation tool, Treadwell, helps you find the best tires for your vehicle, location and driving habits using the same data tire experts use in-store.
     
  4. Rotate Tires as Necessary
    Tires should be rotated every 6,000 miles, or earlier if uneven wear develops, to maximize handling, traction and stopping power.
     
  5. Keep Your Alignment in Check
    Wheel alignments are an important part of auto maintenance that adjust the direction your tires point to prevent irregular wear and improve steering. If you notice uneven tread wear, your vehicle pulling to one side or the other, an off-center steering wheel while driving straight or steering wheel vibration, it may be time to have your alignment checked.
     
  6. Look for a Spare Tire
    Check to see what equipment your vehicle has in case of a flat tire, as many newer vehicles no longer include a spare tire. Now, some models include tire inflation kits with puncture-coating sealants and air compressors or run-flat tires instead. In case of emergency, also make sure you have a roadside assistance plan, which can help with flat repair, replacement or a tow.
     
  7. Avoid Overloading Your Vehicle
    Hitting the road for a summer vacation means you’re likely towing equipment for your adventures and, of course, people. If you’re concerned about all that extra weight, check the manufacturer’s load recommendations to ensure you’re not putting too much stress on the tires.
     
  8. Get Ahead of Weather
    While checking and maintaining your tires, it’s a good idea to look at other accessories ahead of summer weather you may encounter. Wiper blades should be replaced about every 12 months, or earlier if heavy streaking occurs during use.

To find additional tire safety tips and products or save on in-store wait times, visit DiscountTire.com.


SOURCE:
Discount Tire

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Travel

6 Tips for Planning Your Next Road Trip

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(Family Features) Warmer weather provides a perfect opportunity to hop behind the wheel of your car and explore breathtaking scenery, cultural experiences and adventures waiting to be discovered both near and far.

To ensure a smooth and memorable journey, consider these planning tips before departing on your road trip adventure.

Set Your Destination
When planning a road trip, the first step is to decide your destination. Consider factors such as the distance you are willing to travel, time available for your trip and attractions or landmarks you want to visit along the way. Also factor in weather conditions and seasonality of your destination as some places may be more enjoyable to visit during certain times of year. Keep in mind any special events or festivals happening you might want to attend.

Determine a Budget
Determine how much you are willing to spend on gas, food, lodging and entertainment. This can help you make informed decisions and avoid overspending. For example, when budgeting for food, plan for a mix of dining out and cooking your own meals. Pack a cooler with snacks and drinks for the road and make use of local grocery stores or farmers markets to buy fresh ingredients.

Plan Your Route
Take some time to map out your journey using online tools or GPS devices, considering the most scenic and interesting routes available. Consider the duration of your trip and how many stops you want to make along the way, finding a balance between driving time and time spent exploring attractions or enjoying the scenery. Also identify any must-see landmarks along your route.

Research Accommodations
Research different accommodation options along your route, such as hotels, motels, campgrounds and vacation rentals. Compare prices, read reviews and consider factors like location, amenities and safety. To save money on accommodations, consider alternatives like camping or staying with friends or family.

Pack the Essentials
Packing for a road trip can be a challenge, but with the right essentials, you can ensure a comfortable and enjoyable journey. Start by making a list of the items you may need during the trip, including clothing, toiletries and any special equipment or gear. Don’t forget essentials like comfortable shoes, swimwear and a jacket or sweater.

Other important items to pack include a first aid kit, snacks and drinks for the road, phone chargers and entertainment options such as books, music or games. It’s also a good idea to pack basic tools and emergency supplies, such as a flashlight, jumper cables, spare tire and a roadside emergency kit.

Take Appropriate Safety Precautions
While road trips are exciting adventures, it’s important to prioritize safety to ensure a smooth and memorable journey. Before hitting the road, share your itinerary with someone you trust and make sure your vehicle is in good condition. Check the tires, brakes, fluids and lights to minimize the risk of breakdowns or accidents. Also plan regular rest stops to avoid driver fatigue and stay updated on weather conditions and road closures along your route.

Find more tips to make the most of your road trip experience at eLivingtoday.com.

Photo courtesy of Unsplash


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eLivingtoday.com

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Automotive

Choose the Right Tires for Your Ride

There are several factors to consider when you need new tires for your car, truck, or SUV.

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When buying new tires for your car, truck, or SUV, there are several important factors to take into consideration.

(Family Features) Many drivers have difficulty selecting the best tire for their vehicle and driving needs. For many, tire selection starts at the size then jumps to what’s in stock or what’s on sale. However, there are many factors to consider when you need new tires for your car, truck or SUV. Buying tires is an investment, so it’s important to make the right decision.

You may be surprised to learn determining the best tire is as much about the driver as it is the vehicle. Choosing the right tire requires considering where you drive, how you drive and what you drive. You can explore these and other factors in the Treadwell tire-buying recommendation tool, which is based on a decade of data and real-world test results.

This tire recommendation tool combines millions of data points from tire safety checks and Discount Tire’s own test track where intensive tests are performed on tires from all major manufacturers, along with the driver’s location, vehicle and driving habits, to generate a selection of personalized tire recommendations from a variety of brands.

With more than 20,000 different models of tires available for the everyday driver, it’s no wonder tire-buying can be a mystifying process. However, tools like this can help drivers make the most informed choice while having access to the same information tire technicians use in-stores alongside their expertise. The result: empowering drivers with information and options tailored to their needs.

If you think it may be time to replace your tires, start with the Treadwell tool and consider these five expert tips to simplify the process from the technicians at your local Discount Tire.

Driving Style
The type of driver you are, the kind of ride you want and how long you expect your tires to last are all factors in choosing the right tires. For example, thrill drivers might prefer tires with high levels of grip and responsiveness while those who stick to long road trips are better suited for long-lasting, smooth riding tires.

Weather Conditions
Your location and the weather you regularly encounter when you drive influence the type of tires you need. For example, drivers in the upper Midwest require tires that perform well in extreme cold and winter weather while those in humid climates like the Southeast need tires that perform well in wet conditions.

Budget
Purchasing tires is an investment. Drivers should look at the cost of their tires over time, rather than the cost up front. In the long run, it may be more cost-effective to purchase a higher quality tire based on multiple factors like increased safety, improved handling and ride quality, as well as cost per mile.

Vehicle Specifications
Tire specifications can vary depending on the type of car you own. For electric vehicles and vehicles carrying heavy loads, it’s critical to know how much weight your tires can safely support. Only install tires that meet or exceed the load requirements for your ride.

Wear and Age
Two of the most important considerations when replacing tires are tread depth and tire age.

Your tires’ tread depth directly impacts your vehicle’s ability to stop. Tires are reaching the end of their life at 4/32 inches of tread. However, your tires may be underperforming even if more tread remains, particularly in rain or extreme weather conditions.

When it comes to replacing your tires, you should also consider their age. Because the materials used break down over time, experts recommend replacing tires that are six years or more past the date of manufacture.

To access the tool and complete the online survey to determine the right tires for you, visit DiscountTire.com/Treadwell.


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Discount Tire

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