Hyundai Motor to launch dedicated EV platform in major push into electric cars

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. The plan underscores efforts by the world’s No.5 auto group to become a major player in […]

Brookfield and the Caisse buy automotive battery business from Johnson Controls for $13 billion

Johnson Controls’ Power Solutions business produces batteries for global automakers and retailers for use in nearly all types of vehicles, including hybrid and electrical models.Daniel Acker/Bloomberg

Batteries are used in about a third of cars globally MONTREAL — Brookfield Business Partners LP and the Caisse de depot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion in one of the […]

Auto Industry Braces for Electric Shock

By Morgan Stanley – morganstanley.com By 2050, there may be one billion electric vehicles on the road worldwide, bringing opportunities—and challenges—for automakers and the supply chain. With advances in technology and growing consumer acceptance, the automobile industry’s electric-powered future is in sight. But what are the business implications for manufacturers as […]

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