Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive 
Hyundai Motor Co. seeks to raise its stake in its 230,000-unit-a-year plant in Izmit, Turkey to 97 percent by acquiring a 27 percent stake held by Kibar Holding.
The South Korean carmaker holds a 70 percent stake in the plant, and Kibar owns the remaining 30 percent.
Early this month, Hyundai Motor submitted documents to the Turkish authorities to buy most of Kibar's stake in its local factory.
Hyundai produces compact models in Turkey, such as the i10 and i20, which it mostly exported to Europe.
Hyundai will also invest US$208 million in the Turkey plant to meet the growing demand for electrified vehicles.
Beginning in 2030, Hyundai will gradually shift its EV lineup forward in key markets, such as the US, Europe, and China.
Hyundai expects EV sales to rise further due to stringent regulations on carbon dioxide emissions, particularly in Europe.
The company will maintain an internal combustion engine vehicle (ICE) production capacity in emerging markets, such as India and Russia, but will be limited to less than 50 percent.
Hyundai has seven plants in South Korea and 10 overseas, with four in China and one in the US, the Czech Republic, Russia, India, Brazil, and Turkey, with a combined production capacity reaching 5.5 million vehicles.
