South Korean automotive giant Kia Corp is once again capturing the attention of industry experts with its ambitious yet recalibrated sales targets for electric and hybrid vehicles. The company recently announced plans to lower its electric vehicle (EV) sales goal from 1.6 million to 1.26 million units by 2030, while setting a target of 993,000 hybrid vehicles. This strategic pivot has been largely driven by growing uncertainties surrounding U.S. automotive policies. In a rapidly shifting global landscape influenced by fluctuating trade dynamics and evolving regulatory frameworks, Kia’s revised objectives provide a compelling insight into how traditional automakers are adapting to modern challenges. 

Hyundai Steel recently announced a joint project with Hyundai Motor Group to build a new steel mill in Louisiana, USA. The project is valued at USD 5.8 billion and is designed to produce 2.7 million tonnes of steel per year. This initiative is an integral part of Hyundai Motor Group’s larger plan to invest USD 21 billion in the United States, as revealed by the company’s chairman during a meeting at the White House.